Credit Card Late Fee Statistics

The Capital One credit card late fee is up to $40 for most cards. Capital One considers a payment late when they do not receive the minimum amount due by the due date. Payments less than the minimum due, or those returned for insufficient funds after the due date, are also considered late. Most Capital One's business credit cards have a maximum late fee of $39.

Here's what you need to know about the Capital One credit card late fee:

...

The Mastercard late fee could be anywhere from $0 to $41, depending on the card. However, late fees are determined by the issuing bank, not by the card network. The CARD Act regulations include a limit for late fees, but the issuers don't always charge you the maximum. 

What you should know about the Mastercard late fees:

• When you are charged a late fee, it makes a difference if you are a first-time...

The Bank of America credit card late fee is up to $40 for personal cards and up $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...

The Chase credit card late fee is up to $40, which applies when cardholders don't make the minimum payment by the due date. Thanks to the CARD Act, the Chase late fee can never exceed the minimum payment amount.

Here's what you should do in case your Chase credit card payment is late:

If you accidentally pay less than the minimum required payment or you miss your Chase credit card due date entirely, you can always...

The Credit One credit card late fee is up to $29 for the first late payment and up to $39 for any subsequent late payments in the following 6 months. This fee applies to all Credit One credit cards. 

What you should know about Credit One late payments:

• A payment is late if it is not received by 5 p.m. Pacific Time on the due date. Exceptions apply. 
• Payments for less than...

The Home Depot® Credit Card late fee is up to $40. The fee applies when cardholders don't make the minimum payment by the due date. Thanks to the CARD Act of 2009, the Citibank late fee can never exceed the minimum payment amount.

If you accidentally make less than the required minimum payment or you miss your Home Depot® Credit Card due date entirely, you can always ask customer service to waive the late fee by calling (800) 950-5114. This is much more likely to...

The Best Buy® Credit Card late fee is up to $41. This fee applies when cardholders don't make the minimum payment by the due date. The Best Buy® Credit Card late fee for the first time you make a late payment is $30, and it will increase to $41 for subsequent late payments within 6 months. The same fee applies for the Best Buy® Store Card, too. 

After 6 months of consecutive payments since your last missed due date, the late fee...

One of the best credit cards with no late fees is the Upgrade Cash Rewards Visa® 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.

Some of the Best Credit Cards with No Late Fees in 2023

Generally, late fees can be steep. So, getting...

Yes, U.S. Bank does charge late fees when cardholders don't make the minimum payment by the due date. The late fee for most U.S. Bank cards will be up to $41, though the late fee can never exceed the minimum payment amount thanks to the CARD Act of 2009.

If you accidentally pay less than the minimum required payment or you miss your U.S. Bank credit card due date entirely, you can always ask customer service to waive the...

The Wells Fargo credit card late fee is up to $40 on all their personal cards. The late fee for Wells Fargo business cards is up to either $50 or $75, depending on the card. The fee applies when a cardholder does not make at least their minimum payment by the due date. Both the minimum payment and due date are listed on all Wells Fargo credit card billing statements. 

Wells Fargo also charges up to...