What might happen if you miss a credit card payment?(1 point)

Question

Responses

Your credit limit will be increased.
Your credit limit will be increased.

You will receive a refund for the missed payment.
You will receive a refund for the missed payment.

You may incur late fees and higher interest rates.
You may incur late fees and higher interest rates.

Your credit card will be canceled immediately.

Answer 1

You may incur late fees and higher interest rates.