Answer to Question #187368 in Finance for Madison

Question

Which is the credit card features would be best for customers who often forget to send in their payments on time

Answer 1

The credit card holders who are not paying before the due date as they forgot to pay, they can get benefited through the low late payment fee. Low late payment fees are suitable for the credit card holders who are making payments after the due date has crossed. It is also called a late charge. There is a limit specified by law to charge the low late payment fee. As the late charge is low, it helps the customers who make late payments.