Avoid Credit Card Late Payment Fees

Guest: raincloud
Post subject: Avoid Credit Card Late Payment Fees
Posted: Mon Dec 19, 2005 9:33 am

The issue of fees when paying down your credit limit. When you mail in payment early than the due date you have to explain on the phone during the month the payment arrived before the closing date. They act as though you have to send in hundred's or even thousands when making a payment. Why? Especially if your credit limit isn't that high and then they try to charge you $25 in late fees the very next month. It is wrong to do that to any customer. The payment can be paid even if the new statement went out by around the 7th of each month give or take a few days however your closing date yields. It could be the middle of the month. I see why people complain about processing fees, overlimit fees and late fees with all major credit cards.

---

CardRatings.com is the most comprehensive source for comparing credit card offers.  Please visit CardRatings.com to view the best rated credit cards!

---

Guest: maddybeagle
Credit Expert (100+ Posts)
Post subject: Avoid Credit Card Late Payment Fees
Posted: Mon Dec 19, 2005 9:48 am

rainy: I think I see your point and as always, stay vigilant. Some here say to pay as close to the due date as possible and don’t worry about. Makes sense since you can negotiate a late payment away if you are good customer.

Guest: TomAlciere
Post subject: Avoid Credit Card Late Payment Fees
Posted: Mon Dec 19, 2005 10:08 pm

I got hit with a late fee and I was now up to date, so I called them up and said,

"I was a bad boy, and I didn't pay my credit card bill on time, so I got assessed the late fee...but somebody told me that, sometimes, if you call them up and say you're sorry, and promise never to do it again, and ask them real nicely, ..."

I hammed it up like a little boy and she was laughing before I was done. It worked, too. They reversed the fee.
_________________
A new credit card with a $5000 limit is a bill for $5000. The toughest part about using credit cards is not to do it.

Guest: mouse
SENIOR MEMBER (Member for 2 yrs.+)
Post subject: Avoid Credit Card Late Payment Fees
Posted: Tue Dec 20, 2005 12:07 am

raincloud wrote:
The issue of fees when paying down your credit limit. When you mail in payment early than the due date you have to explain on the phone during the month the payment arrived before the closing date. They act as though you have to send in hundred's or even thousands when making a payment. Why? Especially if your credit limit isn't that high and then they try to charge you $25 in late fees the very next month. It is wrong to do that to any customer. The payment can be paid even if the new statement went out by around the 7th of each month give or take a few days however your closing date yields. It could be the middle of the month. I see why people complain about processing fees, overlimit fees and late fees with all major credit cards.

I PAY ON-LINE

Or mail the payment 7-10 days before the due date