Which of the following is NOT a common type of credit card fee?

Prepare for the Praxis Family and Consumer Sciences Exam with engaging multiple-choice questions, hints, and explanations. Ace your test confidently!

The correct answer is the withdrawal fee because it is not a typical charge associated with credit cards. Credit cards primarily impose fees such as annual fees, which are charged for holding the card; late fees, which are penalties for not making a payment by the due date; and transaction fees, which can occur in certain situations such as foreign transactions or cash advances.

A withdrawal fee, however, is more commonly associated with bank accounts or cash withdrawals from ATMs. While using a credit card for cash advances can incur transaction fees, the term "withdrawal fee" is not standard in credit card usage. Therefore, it stands out as the option that does not align with the usual fees associated with credit cards.

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