On what basis does the bank derive at a late payment... - Limited/Bad/Fair Credit Questions

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Credit Card Applications » Questions » User Questions » Limited/Bad/Fair Credit » On what basis does the bank derive at a late payment fee?

On what basis does the bank derive at a late payment fee?

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The late payment fee amount may differ from one bank to another; some have the fee based on balance left on one’s card. This however is great for consumers with less balance amount, and is a cause for concern for those with a high balance amount. The current data shows the highest late payment fee at $35, for a balance that is $1000 and above.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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