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5. Credit Card Interest rates and other fees Credit cards provide many advantages and conveniences. They also carry charges and fees that can cost more

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5. Credit Card Interest rates and other fees Credit cards provide many advantages and conveniences. They also carry charges and fees that can cost more money than planned for or anticipated Or th La For tra SOURCE B Tate charge Credit Card Fees and charges Crystal's credit card has a variable interest rate, within a defined range, that changes periodically. The rate that the financial institution that issued her card uses as a basis to determine the current Interest rate is called the base rate. The interest rate that applies to the credit card is computed as the sum of the base rate plus a certain percentage According to the terms of her card, the interest rate is the base rate plus 6% Further, the minimum interest rate is 10% and the maximum interest rate is 16%. If the computed rate is less than or equal to 10%, she'll be charged 10% If the computed rate is greater than or equal to 16%, she'll be charged 16% . If the computed rate is between 10 and 16%, she'll be charged the computed rates Today, the base rate is 2. What is Crystal's interest rate today? In addition to interest charges under certain circumstances, Crystal could be subject to any of the following other fees and chargest In addition to interest charges, under certain circumstances, Crystal could be subject to any of the following other fees and charges Late payment fees Over-the-limit charges Foreign transaction fees Balance transfer fees For each of the following stations, choose the for that most closely applies Crystal's credit card is issued in the country where she is a citizen Ouring a recent Vacation to another continent, she used her credit card to pay for Lodging, meals, and tourist attractions Crystal will likely be charged Crystal currently comes a balance on her MasterCard from month to month. She's going to move her MasterCard Balance to a Visa card that charges a lower interest rate Crystal Wilkely be charged Crystas credit card payment was due on August 1. She made a payment on August 10. Crystal Walikely be charged

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