Credit Card Late Fees by Issuer

Credit card fees are rising all the time, to the point where Congress is finally stepping in to curtail what many feel are unfair practices. One such fee is the “late payment fee” credit card issuers slap down if you fail to pay your minimum payment by the due date.

Below is a list of credit card issuers and their corresponding late payment fees. If you’re looking for a credit card with a low late payment fee, this is a good place to start.

Keep in mind that fees do vary and are subject to change. Some credit cards actually have no late fees, such as the American Express Clear credit card.

***List last updated March 4, 2010***

Advanta: $19 or $39, based on balance.

American DreamCard: $39

American Express: $19 if balance is less than $250; $39 if balance is $250 or more.

Aventium: $29.00 for balances up to and including $500.00, or $35.00 for balances greater than $500.00.

Bank of America credit cards: $15 if balance is less than or equal to $100; $29 if balance is between $100.01 and $250; $39 if balance is more than $250.

BB&T credit cards: $19 if balance is less than or equal to $500; $39 if balance is greater than $500.

Capital One: Your late payment fee will be based on the amount of your account balance at the time the fee is applied. Balance of $0 – $99.99 = $15 fee; balance of $100 – $249.99 = $29 fee; balance of $250 or more = $39 fee.

Centennial: $29.00 for balances up to and including $500.00, or $35.00 for balances greater than $500.00.

Chase: $15.00 if the balance is less than $100.00; $29.00 if the balance is $100.00 or more, but less than $250.00; and $39.00 if the balance is $250.00 or more.

Citi: $15 on balances up to $100; $29 on balances of $100 up to $250; $39 on balances of $250 and over.

Discover: $19 on balances up to $250 and $39 on balances over $250.

First Bank of Omaha: $35 if your New Balance is less than $500; or $39 if your New Balance is equal to or greater than $500.

First Premier: $29.00 for balances up to and including $500.00, or $35.00 for balances greater than $500.00.

GM credit cards: The Late Payment Fee will vary based on the amount of your outstanding balance on your Payment Due Date and will be: $19 if your balance is $100 or less; $29 if your balance is more than $100 up to and including $1,000; or $39 if your balance is greater than $1,000.

HSBC: $39.

New Millennium bank cards: $20.

IberiaBank credit cards: $15 if balance is less than $100; $29 if balance is $100.00 to $1,000; $35 if balance is more than $1,000

PartnersFirst: $15.

PNC credit cards: $15 for previous balances up to and including $99.99; $29 for previous balances from $100 up to and including $249.99; $39 for previous balances $250 or greater

Purpose Money credit cards: $35.

Regions Bank credit cards: $15 if balance is less than or equal to $100; $29 if balance is between $100.01 and $250; $39 if balance is more than $250.

Simmons First National bank cards: $29.

SunTrust credit cards: The Late Payment Fee will be (i) $29.00 if your New Balance is less than $250.00 or (ii) $39.00 if your New Balance is $250.00 or more.

US Bank: $19 on balances up to $100; $29 on balances from $100 up to $250; $39 on balances of $250 or more.

Visa Black Card: $39.95 ($15 for residents of Iowa at time of account opening).

Wells Fargo credit cards: $20 for balances less than $250; $29 for balances of $250-$499.99; $39 for balances of $500 or more.


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