Credit cards often have penalties for late payment and for exceeding credit limits.

Name: Credit cards often have penalties for late payment and for exceeding credit limits.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

This is true. Credit cards typically have penalties for late payment and exceeding credit limits, which can include interest charges, fees, and even damage to one's credit score. It is important to use credit cards responsibly and make payments on time to avoid these penalties.

Credit Cards Often Have Penalties for Late Payment and for Exceeding