The maximum Discover it Card late fee is $41. There is no fee for the first late payment, and there is no penalty APR. Discover offers a grace period of up to 25 days from the end of the billing period to make at least the minimum payment and avoid any late fees. A payment received after the grace period is considered late.
In addition to any late charges, any balance left after the grace period will accumulate interest at the card's regular APR. Payments later than 30 days past the due date will damage your credit score.
Discover late payment forgiveness is just another way of saying Discover will not charge you for the first late payment you make on your card. All customers get to avoid one late fee, which can be up to a maximum of $41 if you had another late fee within the previous 6 months. In addition, Discover does not charge penalty APRs on its credit cards. A penalty APR is a rate higher than the card’s normal APR that is charged in response to late payments. A company can only charge a penalty APR on new purchases at first, but can apply it to existing balances after you’re 60 days delinquent. Luckily, Discover won’t increase your APR – but they will report missed payments to the credit bureaus, which will hurt your credit score.… read full answer
Discover isn’t obligated to forgive any late fees beyond the initial one. But that doesn’t mean you can’t try to get a second fee waived, especially if it’s been years since your first. You can call Discover customer service at 1 (800) 347-2683 and politely ask a representative about waiving the fee. Be sure to emphasize the amount of time you’ve been a Discover customer and your history of timely payments, if applicable.
The Discover card grace period is at least 25 days from the end of each billing period until the payment due date. Billing periods that begin in February get a minimum of 23 days. Discover will not charge interest during the grace period as long as there’s a $0 balance at the start of the billing period. So to avoid interest charges, pay the balance in full by the payment due date every month. The due date is included on each monthly statement and will always be the same date each month (e.g. the 15th).… read full answer
If you don’t pay a Discover card’s balance in full by the due date, the remaining balance will begin to accumulate interest. Every day there’s an unpaid balance, interest charges accrue both on the principal balance and the previous days’ interest. New purchases will accrue interest right away, too. This cycle will continue until you pay off the entire balance.
Keep in mind that grace periods apply only to purchases. Grace periods do not cover cash advances or balance transfers. Those types of transactions will begin to accrue interest the day they’re processed.
The easiest way to make a Discover card payment is to log in to your online account or call (800) 347-2683. You can also mail payments to Discover Financial Services, P.O. Box 6103, Carol Stream, Illinois 60197. For fastest service, you should submit your payment online or by phone. Discover does not charge a fee for any of its payment methods.… read full answer
Discover will credit payments to your account the same day if they’re received by midnight Eastern Time, 6 days a week. Discover does not process payments on Saturday. If Discover receives a payment after midnight on a Friday, or on a bank holiday, it will credit to your account the next business day. Phone and online payments submitted before 5 p.m. Eastern Time on the payment due date will credit to your account the same day and will be considered on time. If the payment due date falls on a weekend or bank holiday, payments will process on the next business day.
When a payment is credited as received, it is initially reported as pending while it’s being processed. During this time, a hold is placed on the payment, so you won’t see an immediate increase in your available credit. The hold is lifted when Discover posts the payment to your account, usually 1-3 days after it is submitted. At this stage, the payment has been confirmed and the transaction is considered complete.
How to make a Discover card payment:
Online: Log in to your Discover online account. Click the “Make a Payment” button and enter the payment amount as well as info about the account from which the payment will be withdrawn. You can schedule your payment for any day up to the due date.
Phone: Call customer service 24/7 at (800) 347-2683. Enter the last 4 digits of your card number. Follow the voice prompts until you reach the payment option or press zero to speak to a customer service representative.
Mail: Send a check or money order to:
Discover Financial Services
P.O. Box 6103
Carol Stream, Illinois 60197
Discover does not accept cash payments. Be sure to write your account number on the “memo” line.
Discover does not charge a late fee the first time you don’t pay on time. After that, you will be charged a fee for every late payment. So, to avoid any late fees, it’s best if you submit your Discover card payment at least 5-7 business days before the due date. Another option is the DirectPay feature in which Discover automatically debits your payment from your bank account every month by the due date so you don’t have to. You can set up DirectPay online or by phone.
If you make your Discover card payment on time and in full each month, you’ll avoid costly interest charges. Discover gives you a 25-day grace period (23 in February) from the end of the billing period until the payment due date.
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