Match each fee below with the situation where a credit card customer would get charged. a. balance transfer fee you use a new credit card to pay off the $2,000 you owe on another credit card. b. cash advance fee you charge $800 on a credit card that has a $500 spending cap. c. late payment fee you use your credit card to take out $200 in cash from an atm. d. overlimit fee you forget to send in your minimum monthly payment one month.

a. balance transfer feeyou use a new credit card to pay off the $2,000 you owe on another credit card.

A balance transfer fee is a charge that is charged when you transfer credit card debt from one card to another.  

It's for the most part around 3%– 5% of the aggregate sum you exchange, normally with a base charge of a couple of dollars (frequently $5– $10). The expense is charged by the organization that issues the Visa you exchange the obligation to.  

A balance transfer can enable you to exploit bring down interest costs — a move that can spare you cash on premium charges.  

b. cash advance feeyou use your credit card to take out $200 in cash from an atm.

A cash advance is an administration given by most credit card and charge card issuers. The administration enables cardholders to pull back money, either through an ATM or over the counter at a bank or other monetary office, up to a specific point of confinement. For a charge card, this will be as far as possible (or some level of it).  

Cash advances regularly bring about an expense of 3 to 5 percent of the sum being obtained. At the point when made on a credit card, the intrigue is frequently higher than other Visa exchanges. The premium mixes every day beginning from the day money is acquired.  

c. late payment feeyou forget to send in your minimum monthly payment one month.

A late fee is a charge a purchaser pays for influencing a required least installment on an a good representative for card after the due date. Late expenses urge purchasers to pay on time and may change, however some are normally $25 for the primary late installment and $35 for ensuing late installments. Some Visa guarantors will postpone the late expense the first run through a purchaser misses the base installment due date; other credit card backers don't charge any late charges whatsoever, yet just issue cards to buyers with great to amazing credit – customers who are probably not going to ever pay late.  

d. over-limit feeyou charge $800 on a credit card that has a $500 spending cap.

An over-limit fee is an expense charged when your adjust goes over your acknowledge restrain (otherwise called over the limit fee). At the point when cardholders endeavor to make buys that will put them over utmost, card guarantors used to routinely decay the exchanges. As of late, many card backers changed their strategies and naturally selected buyers in programs that permitted the exchange, yet then included weighty charges.

income increases, enabling consumers to buy more goods and services. ( c.)

answer; the above statement is (true);