Match each of the fees below with the situations where a credit card
customer would get charged.
late payment fee
you pay $75 for the
privilege of using your
card for one year
balance transfer
fee
you pay what you owe on
one credit card using your
new credit card
annual fee
you take out $400 from an
atm using your credit
card.
cash advance
fee
you don't have the money
to make your minimum
payment one month.

Annual fee - You pay $75 for the privilege of using your  card for one year.

Late payment fee - You don't have the money  to make your minimum  payment one month.

Balance transfer fee - You pay what you owe on  one credit card using your new credit card.

Cash advance fee - You take out $400 from an  ATM using your credit card.

Explanation:

An annual fee is a common fee that every bank charges for the maintenance of your bank account with all cards attached to it.

A late payment fee is a punishment fee when you do not manage to pay the minimum payment of a borrowed amount during one month.

A balance transfer  fee is when you transfer the debt from one credit card to another credit card.

A cash advance fee is the fee paid for withdrawing cash from the ATM that is not from your checking account. It is paid when you take the cash that is within your credit limit.

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