ECONOMICS
CREDIT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The fee incurred when you exceed our credit limit on your credit card is the ____
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Annual fee
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Cash-advance fee
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Service fee
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Over the limit fee
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Explanation:
Detailed explanation-1: -Any approved transactions above your credit limit are subject to over-the-limit (or over-limit) fees. This credit card fee is typically up to $35, but it can’t be greater than the amount you spend over your limit. So if you spend $20 over your limit, the fee can’t exceed $20.
There is 1 question to complete.