Devon forgets to pay his credit card bill for three

6. Devon forgets to pay his credit card bill for three months. Which of the following statements is TRUE?
a. A Late Payment fee will not be charged to his account.
b. A Balance Transfer fee will be charged to his account.
c. His A.P.R. (interest rate) will rise to 30.24% until he pays back the amount he owes.
Last updated: 3/10/20
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d. His A.P.R. (interest rate) will rise to 30.24% and stay there until he makes six consecutive minimum
payments.
7. Tamara goes on a spring break trip with her school to visit historical sites in Italy. She purchases $200 of
souvenirs while on the trip. She gets back to the U.S. and opens her credit card statement. What will be the
balance in her account, assuming she had a zero balance prior to making these purchases and didn't make any
other purchases?
8. All of the following actions lead to the payment of a credit card fee EXCEPT...