Which of the following is not true about annual fees on credit cards?
A) The fees are the same on all credit cards.
B) The fees may be high, amounting to several hundred dollars per year for some prestige cards.
C) Many cards do not have annual fees.
D) Some cards may waive the fees for individuals who pay their credit card bills in a timely manner.

Question

Quizplus · Accepted Answer

The fees are not the same on all credit cards; they can vary widely depending on the card issuer and the benefits provided by the card. Some cards have no annual fees, while others, especially those offering more benefits or prestige, may charge high fees.

Which of the Following Is Not True About Annual Fees