How to Avoid Credit Card Late Fees
Life is expensive enough without the added costs of credit card late fees. Many of which can range from $25 to $55 dollars depending on the account, the payment history of the cedit card user, and the company issuing the card. Read more to learn how you can avoid credit card late fees!!
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Instructions
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How to Avoid Credit Card Late Fees
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Set up a monthly recurring payment schedule through your bank. To guarantee the minimum payment is applied, schedule a monthly payment for the minimum required payment several days prior to the close of the credit card account. Your bank will process each payment automatically. This no-hassle on-line payment method is a great option for card users with a busy work schedule. (See your credit card statement for the monthly payment due date.)
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Request a new payment date. Try to schedule most of your bills on or around the same date to prevent isolated bills and credit card payments from going unpaid or forgotten. Consider scheduling your credit card bill payment date in or around the time your rent is due. This will also establish a routine for your monthly expenditures as well as ensure each monthly credit card payment is processed on time.
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Create an alert to warn you that your credit card payment due date is approaching. Use a mobile phone, Web calendar or electronic planner to signal the approaching date. You can establish the specified notification option that works best for you. Most notification options range from two weeks to two days to one hour.
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Mark your calendar. Circle the due date for each credit card payment due date in red ink on your calendar. You can even create a cushion for yourself by marking the date several days in advance of the actual payment date.
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Tips & Warnings
Get organised!! Categorize each credit card, bill or any other payment you are responsible for paying according to a payment schedule.
Always pay your credit card bill on time to avoid high late fees.
