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what happens if you dont pay at least the minimum payment on your credi…

Question

what happens if you dont pay at least the minimum payment on your credit card by the due date?
your credit card gets canceled
you are charged a late payment fee
your credit limit decreases
you earn cash back rewards

Explanation:

Brief Explanations

Not paying the minimum credit card payment by the due date typically results in a late payment fee as per standard credit card terms. Cancellation or credit limit decrease usually occur after repeated non-payments, and cash back rewards are unrelated to late payments.

Answer:

You are charged a late payment fee