Reynaldo has been a credit card user for several years. He always pays his monthly balance in full on time. All of the following are things he can expect from his credit card company EXCEPT

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In this scenario, Reynaldo can expect a higher credit line. As a customer shows the ability and intent to repay credit card purchases in a timely fashion, the credit limit can increase to many thousands of dollars. Additionally, since interest is usually calculated on the average daily balance, Reynaldo would most likely pay a lower interest rate than customers who don't pay on time. He also wouldn't incur any late fees or penalties because he pays his monthly bills on time. Finally, since Reynaldo uses his credit card as a cash management tool only, paying off his balance every month, the perks the credit card company offers are truly free to him.

Reynaldo Has Been a Credit Card User for Several Years