Question

which credit - card term is correctly matched with its explanation? annual fee: a fixed fee charged to consumers by credit - card companies for using their cards. minimum amount due: the amount a person must pay each month on a credit - card bill in order to avoid having a balance owed on the card. due date: the date a check is written to pay the minimum amount due on a credit card. credit limit: the interest rate charged once a year based on the unpaid credit - card balance.

Explanation:

Annual Fee is a fixed - fee charged by credit card companies for using their cards. Credit Limit is the maximum amount a cardholder can borrow, not related to the interest rate calculation as described. Due Date is the date by which payment is due, not when a check is written for the minimum amount. Minimum Amount Due is the least amount to be paid each month to avoid negative consequences, not related to the description of the due - date.

Answer:

Annual Fee: a fixed fee charged to consumers by credit card companies for using their cards.