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Which of these feels is the biggest problem for customers who need to use their credit card to take money from an ATM?
cash advance fee - APEX
Which of theses fees is the biggest problem for customers who need to use their credit card to take money from an ATM?
The biggest problem for customers using their credit card at an ATM is typically the cash advance fee. This fee can be significantly higher than regular transaction fees and is often accompanied by high-interest rates that start accruing immediately. Additionally, ATM operators may charge their own fees, compounding the costs for the customer. Overall, these combined charges can make withdrawing cash with a credit card an expensive option.
What fee is the biggest problem for customers who need to use their credit card to take money from the ATM?
The biggest problem for customers using their credit card at ATMs is often the cash advance fee, which can be significantly higher than regular transaction fees. This fee is typically a percentage of the amount withdrawn, plus additional flat fees, leading to high costs. Additionally, customers may face higher interest rates on cash advances, which start accruing immediately without a grace period. This combination can make using a credit card for cash withdrawals financially burdensome.
Which of the fees is the biggest problem for customers who need to use their credit card to take money from an ATM?
The biggest problem for customers using their credit card at ATMs is often the cash advance fee. This fee typically ranges from 3% to 5% of the transaction amount, in addition to high-interest rates that begin accruing immediately. Furthermore, many ATMs also charge their own service fees, which can compound the cost. These combined fees make accessing cash via a credit card much more expensive than using a debit card or withdrawing from a bank branch.
Which fees is the biggest problem for customers who need to use their credit card to take money from a ATM?
The biggest problem for customers using their credit cards to withdraw cash from an ATM is typically the high cash advance fees and interest rates. Unlike regular purchases, cash advances often incur immediate interest charges and can come with a hefty fee, usually a percentage of the amount withdrawn or a flat fee, whichever is higher. Additionally, not all ATMs are part of the customer's bank network, leading to additional transaction fees. This combination makes accessing cash via credit cards an expensive option.
Why do companies extend credit?
Companies extend credit to their customers for several reasons. One reason is financial. Companies make money from charging customers interest on their credit lines.
What are the advantages of selling on credit for a business?
One advantage of selling on credit for a business is attracting customers. Another advantage is earning money on the credit used.
How do accounts receivable increase?
Accounts receivable increases with more sales on credit to customers without receiving money from previous customers.
What does credit management mean?
Credit management is the process of deciding which customers to extend credit to and evaluating those customers' creditworthiness over time. It involves setting credit limits for customers, monitoring customer payments and collections, and assessing the risks associated with extending credit to customers.
What credit card features would be best for customers who think they might need to use their credit card to borrow money?
No fees for cash advances
Which of these credit card features would be best for customers who think they might need to use their credit card to borrow money?
no fees for cash advances
A credit manager is reviewing accounts and discovers that there are 13 customers who are each in debt for 1500 each How much money does this group of customers have?
i dont know it help me
