I got into a little cash flow crunch last winter and... - Other Questions


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Credit Card Applications » Questions » User Questions » Other » I got into a little cash flow crunch last winter and ended up making my Gymboree credit card payment a...

I got into a little cash flow crunch last winter and ended up making my Gymboree credit card payment a little bit late. Now I’m worried that it’s impacting my credit score. Will I ever be able to get another credit card?

Answered on | Updated on July 25th, 2016
The content is accurate at the time of publication and is subject to change.

One late payment shouldn’t significantly lower your credit score; in fact, it may have no effect at all. It depends how late the payment was. In general, credit card issuers do not report negative information about late payments to credit bureaus until payments are significantly late – more than 60 or perhaps 90 days. The best thing to do is order a copy of your credit report from each of the three major credit bureaus (TransUnion, Experian, and Equifax) and check to see what information is on each report. You can get a free copy of your report annually; it’s always a good idea to know what’s on your credit report, considering that up to 80% of them may contain errors. In any case, your one late payment should not keep you from applying for, or being approved for, a great rewards credit card.

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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