Select the most likely consequence of making payments late to a card that has an introductory rate.

Updated on August 6, 2022

1. Select the most likely consequence of making payments
late to a card that has an introductory rate.

Paying higher interest rates

Fees and paying the introductory interest rate on the
balance

Fees and paying the default interest rate on the balance

None of these answers are correct

Answer

Fees and paying the default interest rate on the balance is most likely con- sequences of making payments late to a card that