How Late Can I Make My Credit Card Payment?

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Realizing your credit card payment is due today, and you haven't made it yet is a scary feeling. What if you're stuck in a meeting or traffic, and you can't make your payment right away? Do you still have time to make your payment? How can you avoid late fees and other penalties?

How Late Can You Make a Payment and Avoid a Late Fee

To avoid paying a late fee, you need to make your credit card payment by a certain time on the due date. You can pay your credit card bill as late as 5 p.m. on your due date if your credit card issuer allows expedited payments. Your credit card issuers may extend the cutoff time past 5 p.m., but you should confirm before waiting that long to make your payment on the due date.

Your credit card issuer must receive your credit card payment by the cutoff time if you want to avoid late payment penalties. Beware: you might have to pay a fee to have your payment processed on the due date if you pay by phone.

Even if your credit card payment is due on a holiday or a weekend, it's still due by the cutoff time if your credit card issuer is accepting credit card payments on that day. Most card issuers accept phone or online payments any day of the week or any time of day, so holiday or weekend due dates aren't usually a reason to skip your payment for the next business day.

You can avoid paying a fee to expedite your payment by mailing your payment a few days in advance. Even online or phone payments should be made two to three days in advance to make sure they’re posted to your account by your due date.

How Late Payments Affect Your Credit Score

Once a late payment hits your credit report, your credit score will be affected. In general, late payments are reported 30 days late. So if you miss your payment by a few minutes or a few days, you'll still have to pay a late fee, but your credit score will be safe. If, however, you skip a payment and don't make it until the next due date, there's a good chance your credit will be impacted.

Penalty Rates

Another consequence of making a late payment is to have your interest rate increase to the highest penalty rate. By law, credit card issuers aren't allowed to raise your rate to the penalty rate unless you're 60 days past due on your payment. In some cases, the penalty rate will apply to your balance indefinitely, or the credit card issuer may raise your rate on other credit card accounts you have with them. Avoid letting your payment become this late. Not only will your interest rate and finance charges increase, but you'll also have paid two late fees, and you'll have a 60-day late notice on your credit report.

Making Your Credit Card Payment on the Due Date

You don't have to wait until you get in front of a computer to make your credit card payment. Fortunately, credit card issuers offer several convenient payment options that allow you to make your payment from almost anywhere. For example, you can make a phone payment, even on the due date. Note there may be a fee for making an expedited credit card payment.

You can also log on through your phone's internet browser or download your credit card company's smartphone app to make a payment.

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The Balance uses only high-quality sources, including peer-reviewed studies, to support the facts within our articles. Read our editorial process to learn more about how we fact-check and keep our content accurate, reliable, and trustworthy.
  1. Consumer Financial Protection Bureau. “12 CFR § 1026.10 Payments.”

  2. Consumer Financial Protection Bureau. “My Payment Was Due on a Sunday and I Understood That Meant I Had Until the Next Business Day (Monday) to Pay. I Went Online to My Card Issuer's Website and Made a Payment on Monday, but I Was Charged a Late Fee. Can They Do That?

  3. Equifax. “When Does a Late Credit Card Payment Show Up on Credit Reports?

  4. Consumer Financial Protection Bureau. “12 CFR § 1026.55 Limitations on Increasing Annual Percentage Rates, Fees, and Charges.”

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