The content is accurate at the time of publication and is subject to change.

A late credit card payment affects the consumer's credit rating/score and credit history. Every default payment directly hits the score and this in turn makes it difficult for the consumer to apply for further credit, a new card or even a balance transfer.

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.