American_Bankers_Association
CTFA · Question #155
In credit card payments , late payment charges occur when you only pay the minimum payment.
The correct answer is B. False. See the full explanation below for the reasoning.
Fiduciary and Trust Activities
Question
In credit card payments , late payment charges occur when you only pay the minimum payment.
Options
- ATrue
- BFalse
- CIt depends
- DThere are no such charges
How the community answered
(28 responses)- A4% (1)
- B71% (20)
- C18% (5)
- D7% (2)
Topics
#late payment charges#credit card#minimum payment#finance charges
Community Discussion
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