- advertisement -
 
Tips to avoiding late fees

Once you settle on a card, do everything you can to play by the rules. Bankrate.com offers the following tips for avoiding late payment fees.

- advertisement -
  • Follow payment guidelines as outlined by the issuer on the back of each credit card bill.
  • Use the preprinted envelope provided by the credit card company.
  • Include the billing coupon, and be sure to write the amount being paid in the box provided.
  • Make sure checks are legible and the payment amount is correct.
  • Sign the check. Write the credit card account number on the check.
  • Send payment with proper postage at least one week in advance of the due date to the payment address requested by the issuer.
  • Consider online bill paying. Issuers, including Discover, American Express and First USA, accept online payments.
  • If the due date is looming, consider sending the payment by express mail or wiring the payment with Western Union. These express services may prove cheaper than paying a late fee.
  •  

     

    Bankrate.com's corrections policy
    -- Posted: Jan. 12, 2005
     
     
    More stories by Lucy Lazarony
     
     RESOURCES
    Credit card violators get slapped with stiffer penalties
    EXPOSED! Hidden credit card fees on foreign charges
    Credit card delinquency: After 30 days, the damage is done
     TOP STORIES
    6 ways to build credit on campus
    Find a gift card
    Winner or loser: Mortgage shopper
     



    Credit Cards
    Compare weekly rates
    WEEKLY AVERAGES
    Type Fixed Variable
    Standard 13.23% 14.86%
    Gold
    Platinum 12.70% 15.99%
    All 13.02% 15.68%
    RELATED CALCULATORS
      Loan calculator (includes amortization schedule)  
      See your FICO score range -- free  
      What will it take to pay off your credit card?  
    VIEW ALL  
    FINANCIAL LITERACY
    Rev up your portfolio
    with these tips and tricks.
    - advertisement -
    - advertisement -