The best credit card with no late fees is the Upgrade Visa® Card with Cash Rewards because it offers 1.5% cash back on all purchases and has a $0 annual fee. Cardholders also earn a $200 bonus after opening a Rewards Checking account and making 3 debit card transactions within 60 days of getting the Upgrade Credit Card.
A late fee isn’t the worst thing about being late on a credit card payment. Late fees can be steep, but late credit card payments can also get reported to the credit bureaus. A payment that’s 30 days late – meaning you’ve missed two due dates – could have a significant impact on your credit score. That’s true even if you have excellent credit and you’ve never missed a payment in your life. A missed payment stays on your credit report for 7 years, though your credit score should gradually bounce back, depending on the rest of your financial picture.
Ultimately, instead of searching for a card with no late fees, perhaps focus on never missing a payment. Setting up autopay is easy, and as long as you pay the minimum amount required by the due date, you won’t get hit with a late fee. Issuers will usually waive the first late fee anyway if you call and ask.
No, there aren’t any credit cards that have 0% APRs on balance transfers for 24 months right now. But the Wells Fargo Reflect℠ Card gives the next best thing; intro APR of 0% for up to 21 months from account opening on qualifying balance transfers. This card’s regular APR is 14.49% - 26.49% Variable and its balance transfer fee is: 3% intro for 120 days, then up to 5% (min $5). There are also a handful of … read full answercredit cards with 0% APRs on balance transfers for 12-20 months.
You’ll need good or excellent credit if you want a 0% balance transfer card. And if you get a card with a long 0% period, you probably shouldn’t expect it to have rewards. Cards like these are usually focused on financing. So, it’s best to have a 0% intro APR card for your transfers and a rewards card for any new purchases.
The Bank of America credit card late fee is up to $40 for personal cards and up to $49 for business cards. Bank of America charges a late fee if you don’t make at least the minimum payment by your due date. A late payment fee will not exceed the total minimum payment that was due. If your balance is $100 or less on the due date, you will not be charged a Bank of America credit card late fee.… read full answer
Also, Bank of America may waive the late payment fee if it's your first offense. If it's your second offense, you may have to work a bit harder. Just call them and make your case.
With Bank of America business cards, the late fee charged is based on your balance at the time the minimum payment was due. Late fees start at $19 if the balance is $100 or less, up to a maximum of $49 on a balance of $5,000 or more.
In addition to the Bank of America late fee, when you fail to make the minimum payment by the due date you could be charged a penalty APR of up to 29.99%, which will be applied to your current balance. If you miss a payment on a card with a promotional 0% APR, that rate may be cancelled and replaced with the penalty APR. Penalty APRs also apply to new purchases if you are more than 60 days delinquent.
Here are the Bank of America credit card late fees:
Bank of America Cash Rewards: up to $40 maximum for late payments
BankAmericard: $29 initial late fee; $40 maximum for late payments during the following six billing cycles.
Bank of America Premium Rewards credit card: $29 initial late fee; $40 maximum for late payments during the following six billing cycles.
BankAmericard Secured Credit Card: $29 initial late fee; $40 maximum for late payments during the following six billing cycles.
Bank of America Travel Rewards credit card for Students: $29 initial late fee; $40 maximum for late payments during the following six billing cycles.
Business Advantage Cash Rewards Mastercard credit card: $19 to $49 late fee, depending on due-date balance.
Platinum Plus for Business Mastercard: $19 to $49 late fee, depending on due-date balance.
Business Advantage Travel Rewards World Mastercard: $19 to $49 late fee, depending on due-date balance.
In addition to the Bank of America credit card late fee, late payments can lead to your account being in default. And that will result in a negative hit on your credit rating. So make every effort to pay your credit card bill on time.
Send at least the minimum payment several days before the due date to allow for processing. Or, arrange for an automatic debit from your bank account.
To do this, log into Online Banking, select the “Bill Pay” tab, then choose “Go to Bill Pay.” Select “Pay to/Pay from,” and set up your credit card account on the “Pay to” tab. You will need your bank's 9-digit routing number and the account number in order to set up the account.
Make sure there’s enough money in the bank account to cover the payment. If there’s insufficient funds in the account, you may still end up paying a late fee, along with a returned payment fee of up to $29.
No, there aren’t any no interest credit cards for 24 months right now. The closest you’ll find is 0% interest for up to 21 months from account opening on both purchases and balance transfers from the Wells Fargo Reflect℠ Card. This card’s regular APR is 14.49% - 26.49% Variable and it charges a balance transfer fee of: 3% intro for 120 days, then up to 5% (min $5). There are several credit cards, though, with long no interest periods, either on purchases, balance transfers or both.… read full answer
Some store cards may offer no interest for 24 months or longer. But that’s deferred interest, not true 0% interest. With deferred interest, if you don’t pay off your entire balance by the end of the promotional period, you owe all the interest you would have built up over those months at the card’s regular APR. If you do pay in full by the time the 0% period ends, you don’t owe the interest.
No Interest Credit Cards for 24 Months Alternatives
So, there are a number of good alternatives to no interest credit cards for 24 months. The only catch is that you’ll need to have at least good credit to get them, with the exception of Bank of America Cash Rewards for Students. This card requires at least fair credit but also accepts applicants with limited credit.
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