What is the annual fee associated with a credit card?

"The yearly cost to own a credit card, charged for keeping your account open" "A one-time fee for activating the credit card" "A fee charged for exceeding the credit limit" "A fee for using the credit card for international transactions"

Why do credit card issuers charge a cash advance fee?

"To discourage users from withdrawing cash using their credit cards" "To cover the cost of processing cash withdrawals" "To compensate for the risk associated with cash advances" "All of the above"

What is the consequence of not paying the minimum due payment on a credit card on time?

"A reduction in credit limit" "Cancellation of the credit card" "Late payment penalties and high interest rates" "No impact on the credit score"

When is a balance transfer fee charged by credit card issuers?

"When a user makes a purchase exceeding their credit limit" "When a user transfers their outstanding balance from one bank or credit card to another" "When a user withdraws cash from an ATM using their credit card" "When a user fails to make the minimum due payment on time"

What is the potential consequence of exceeding the credit limit on a credit card?

"Improved credit score due to high usage" "No impact on credit score or financial standing" "Damage to credit score and an over-limit fee" "Increased credit limit for responsible spending"