What happens if my credit card payment is late?

Last Updated: May 24, 2013 08:44PM UTC

If you miss the due date for making at least the minimum, your payment will be considered late. A late payment often results in a late fee. You'll often be responsible for paying interest charges on the outstanding balance, too.

Late payments may also be reported to credit bureaus and appear on your credit report, which can hurt your credit score.

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