How can you avoid paying a late fee on a credit card?

• A. Pay at least the minimum by the due date
• B. Increase your credit limit
• C. Request an extension from the issuer
• D. Make payments every week

Answer: (A)

Paying at least the minimum by the due date is a reliable method to avoid incurring a late fee on a credit card. Credit card issuers typically set a due date each month by which a payment must be received. Failing to make any payment or not paying at least the minimum amount due by this date results in a late fee being charged. By ensuring that a payment reaches the issuer on or before the due date, you can maintain good standing and avoid these additional charges.

While increasing your credit limit, requesting an extension, or making payments every week may have benefits in terms of improving your credit utilization or financial management, they do not directly address the need to have a payment made by the due date to avoid a late fee. A minimum payment ensures compliance with the issuer’s requirements and safeguards against penalties.