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Your interest rates on credit cards may go up if you do not pay your bill on time.
True
False
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GPT-5 mini
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True.
If you miss payments or pay late, card issuers can raise your APR (often via a penalty APR), charge late fees, and report the delinquency to credit bureaus — all of which can make borrowing more expensive.
If you miss payments or pay late, card issuers can raise your APR (often via a penalty APR), charge late fees, and report the delinquency to credit bureaus — all of which can make borrowing more expensive.
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