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Top credit card issuers' penalty policies

Here's a roundup of the penalty fee policies from America's top credit card issuers:

Citibank

Late fee: $15 on balances up to $100; $25 on balances of $100 to $1,000; $35 on balances of $1,000 and more.

Over-the-limit fee: $35

MBNA
Late fee: $15 if balance is $100 or less; $25 if balance is between $100.01 and $1,000; $35 if balance is $1,000.01 or more.

Over-the-limit fee:
$15 if balance is $500 or less; $25 if balance is between $500.01 and $1,000; $35 if balance is more than $1000.01.

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Bank One
Late fee: $15 on balances up to $150; $29 on balances of $150 up to $1,200; $35 on balances of more than $1,200. If you already made one or more late payments in the prior 12-month period, you'll pay a $35 late fee regardless of the amount of your balance.

Over-the-limit fee:
$29

Chase Manhattan
Late fee: $15 on balances up to $150; $29 on balances of $150.01 up to $1,200; $35 on balances of $1,200.01 or greater; and $35 when a non-preferred interest rate is in effect.

Over-the-limit fee:
$29

Discover
Late fee: $15 on balances up to $100; $25 on balances of $100 up to $1,000; $35 on balances of $1,000 and greater.

Over-the-limit fee:
$15 on balances $1,000 or less; $35 on balances greater than $1,000.

Capital One
Late fee: $29

Over-the-limit fee:
$29

Bank of America
Late fee: $15 for balances less than $100; $29 for balances $100 to $1,000; $35 for balances greater than $1,000.

Over-the-limit fee:
$32

Providian
Late fee: $0 if balance is less than $200; $35 if balance is $200 or greater.

Over-the-limit fee:
$0 if you exceed your credit line by less than 2 percent;
$35 if you exceed your credit line by 2 percent or more.

Household
Late fee: $35

Over-the-limit fee:
$35

Fleet
Late fee: $35

Over-the-limit fee:
$15 if balance is up to $500; $29 if balance is $500 up to $1,000;or $35 if balance is $1,000 or greater.

 

 
-- Posted: April 25, 2003
   

 

 
 

 

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