Pay your credit card bills on time to avoid late payment fees. When you late with payment
it affects your credit score, your interest rate on balance transfer and purchases goes up or you
lose
0% APR introductory period and you have to pay about $35 (depends on a card) for late payment.
Though late payment is better then no payment, it's important to set up alerts when payment due date is approaching.
It's absolutely free and you can do it through your credit card online account.
Remember that paying only minimum payment, which can be less than a late payment fee, will cost you less then
minimum payment plus fee.
Paying more then the minimum payment always saves your money
and shorten pay off time! The ideal thing is always pay your credit card on time and in full each months!
So you can live debt free life.
Updated: January, 14 2012