Question

Select the most likely consequence of making payments late to a card that has an introductory rate.
a)None of these answers are correct
b)Fees and paying the default interest rate on the balance
c)Paying higher interest rates
d)Fees and paying the introductory interest rate on the balance

Answer 1

D)Fees and paying the introductory interest rate on the balance

Answer 2

C) Paying higher interest rates.

If you are late in paying off your credit card debt on a card with an introductory rate, your credit card company is likely to increase the interest on your credit card to a penalty rate.

Credit cards with introductory rate refers to credit cards with minimal interest payment of even 0%.