new credit card rules

[dalhorn1]

my bank makes it a bit difficult for me to find answers regarding new policies for credit card accounts, and i've got a general question that one of you may know.

In some confusion last week due to extenuating circumstances, I lost track of days and missed making a credit card payment by 2 days. Technically, I assume this is registered as a late payment by the bank, since I was charged a late fee. The quesion I have is, how much will one 2 day late payment affect my interest rate and credit score? I have missed one other payment by a couple of days roughly 2.5 years ago, and have had a fairly low balance (under 30% of total credit).

With these new rules that went into place a few months ago, am I gonna get dinged hard, or am I ok?

 

[Dead Horse]

you have to be 30 days late on a payment for it to hit your credit score. Also, I think that the new rules prevent them from raising your rate if you are late by only a few days.

 

[tbone421998]

I'd call your credit card company, explain what happened and that you don't make a habit of this and ask them if they will excuse the late charge. They will probably just take it off. Certainly wouldn't hurt to call.

 

[dalhorn1]

Good idea, tbone. FYI, the reason I missed my payment was that I was dealing with the same bank (the one that holds my credit card) after someone fraudulently wiped out my checking account, leaving me sans moolah for a couple of days until resolved.

 

[Namewithheld]

If you are paying the card off every month just do auto-drafts and never worry about a late payment. I pay mine off every month and they take the payment on the due date but the money usually comes out a day or two later depending on the day of the week. AUTO-DRAFTING is your friend. I do it for all of my bills.