Hot Student Stories

Which of the following will happen if you miss a monthly credit card payment ? will be charged a late fee lose reward points C.your APR will increase the next month D.both A & B

Whitney Matthews

in Business

1 answer

1 answer

Whitney Matthews on February 11, 2018

The correct option is D. A credit card payment is considered late if received after the deadline time on the due date or if the amount of money sent in is less than the minimum amount required.The consequences of late payment include: late payment of the rate, the increase in the interest rate, the negative record in the credit report, and the reduction of the credit score.

Add you answer