Can a interest be charged on a late fee?

[Edit]

Answer

No. But what will be charged on a late fee, will be reflected on something known as your your finance charges. Finance charges will go up if you are late making a payment on your credit card.

Improve Answer Discuss the question "Can a interest be charged on a late fee?" Watch Question

First answer by ID410751082. Last edit by ID410751082. Question popularity: 16 [recommend question]

Also see on Answers.com

Research your answer:

Answers.com > Wiki Answers > Categories > Business and Finance > Personal Finance > Money Management > Credit > Credit and Debit Cards > Can a interest be charged on a late fee?

Our contributors said this page should be displayed for the questions below. (Where do these come from)
If any of these are not a genuine rephrasing of the question, please help out and edit these alternates.
What is the reasonable interest to be charged?