Okay, so I’ve had the credit card since April (1st card ever ) and have never been late on a payment ever. The card has zero percent interest for the fisrt year and I had $55 left on my balance. The payment was due yesterday but it slipped my mind and I made the payment over the phone today, all $55. The lady told me that the company offers a one day, one time grace period for late payments and my payment made the cut off by a few hours (just in time to be posted by 12 tonight). She said she does not believe the company will charge me a late payment fee and/or raise my interest rate because of my good standing, but how sure of her should I be? Any advice for this kind of situation I am in? I can’t believe I missed it by one day and right now I feel like the world is over..j/k, but I am pretty stressed right now..
Tags: Late, Change, Card, Rate, CreditRelated posts:
You should be ok. If your interest rate raises or you end up with a late fee I would call the card issuer and explain the situation and ask that it be changed to your favor.
If for some reason they refuse, call and cancel the card. Usually you will get a more sympathetic person on the phone who will jump through hoops to get you to stay.
if it changes, SO WHAT!
at the worst you will be charged a $35.00 late fee and since your balance is paid in full just dont use THAT card again.
Apply for another since being on day late will NOT show up on your credit report you will not have any negative history.
Consider this a very cheap credit lesson.
Card companies don’t make any money unless they charge interest. They make 0% offers knowing that a certain number will mess up and they can nail the customer.
The only way to tell for sure would be to check the terms of the card, aka read the fine print.