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• Fees charged if you violate the terms of your cardholder agreement or other requirements related to your account. For example, your credit card company may charge a penalty fee if you make a late payment or if you exceed your credit limit.

  Board of Governors of the Federal Reserve System - Cite This Source - This Definition
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  Cite Definition for Penalty fees

  American Psychological Association (APA)

  Penalty fees. (n.d.). Credit Card Consumer's Guide. Retrieved February 1, 2023, from website: http://www.expertglossary.com/definition/penalty-fees.

  Chicago Manual of Style (CMS)

  Penalty fees. www.federalreserve.gov. Credit Card Consumer's Guide. Board of Governors of the Federal Reserve System. http://www.expertglossary.com/definition/penalty-fees (accessed: February 1, 2023).

  Modern Language Association (MLA)

  "Penalty fees." Credit Card Consumer's Guide. Board of Governors of the Federal Reserve System. 1 February. 2023 http://www.expertglossary.com/definition/penalty-fees.

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