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Frequent Contributor
CreditJim
Posts: 348
Registered: ‎09-17-2012
0

Will Lowe's late fee affect future CLIs?

My Lowe's due date was yesterday (23rd). I logged in yesterday and made a payment for $500. This morning I checked to see if it had posted yet and saw a $25 late fee, even though yesterday the available credit was already reflecting the $500 payment. I went to the live chat and the agent told me that "Our record indicates that you made a $500 payment on-time on 10/23/2013. The late fee will automatically fall off once the payment posts. Payments made on our website take 48-72 hours to post on your account. You do, however, receive credit for the day you made the payment. Rest assured that the payment wasn't late."

 

I'm really hoping that this doesn't affect me for future CLIs as I've been working hard to pay off the $3300 balance within the 6 months interest-free period, and was hoping for a CLI for a new deck once I've done that. Any experiences of this?

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coldnmn
Posts: 15,140
Registered: ‎08-08-2011
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Re: Will Lowe's late fee affect future CLIs?

You have nothing to worry about. I paid PayPal on due date same thing also a GE card a few months later I got an auto CLI.

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Valued Contributor
takeshi74
Posts: 3,051
Registered: ‎06-05-2013
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Re: Will Lowe's late fee affect future CLIs?

Doesn't sound like it will.  I don't have the Lowe's card but I've had similar situations where a late fee was temporarily tacked on until the payment fully processed.

Frequent Contributor
fltn
Posts: 279
Registered: ‎12-26-2012
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Re: Will Lowe's late fee affect future CLIs?


CreditJim wrote:

My Lowe's due date was yesterday (23rd). I logged in yesterday and made a payment for $500. This morning I checked to see if it had posted yet and saw a $25 late fee, even though yesterday the available credit was already reflecting the $500 payment. I went to the live chat and the agent told me that "Our record indicates that you made a $500 payment on-time on 10/23/2013. The late fee will automatically fall off once the payment posts. Payments made on our website take 48-72 hours to post on your account. You do, however, receive credit for the day you made the payment. Rest assured that the payment wasn't late."

 

I'm really hoping that this doesn't affect me for future CLIs as I've been working hard to pay off the $3300 balance within the 6 months interest-free period, and was hoping for a CLI for a new deck once I've done that. Any experiences of this?


This happened on my walmart card exactly like this. The fee went away and I got an increase the next statement.

 

Now I actually missed my lowes payment by 2 days and never got a fee or even a "temp" fee. And the same day I paid it 2 days late I got an increase of $1500. I was shocked! That was the first payment made late since my BK, and I thought that I was gonna have a heart attack. I got lucky, but I think you will be fine. I even had a promo balance that was suppose to go away if payment was late and it didn't. So I am still interest fee. Whew!

Currently "freezing" in the garden!
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coldnmn
Posts: 15,140
Registered: ‎08-08-2011
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Re: Will Lowe's late fee affect future CLIs?

Simple fact your not late the computer automatically posted the late fee because payment hasn't posted. As soon as they post the payment and date the computer will reverse the late and late fee. That's the computer age no person involved that made the late decision.  When you called a person explained the facts.

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/ Walmart Mastercard $8000 / Discover IT $5000 / Care Credit $5000
/ Husqvarna $5000 / PayPal SmartConnect $4800 / Cap1 Quicksilver $4000 / Barclay Ring $3550
Last App 8/12/14 /

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CreditJim
Posts: 348
Registered: ‎09-17-2012
0

Re: Will Lowe's late fee affect future CLIs?

Thanks for the reassurances everyone. After spending the past 2 years rebuilding my credit I almost had a heart attack when I saw the 'late'!

Arrival+ WEMC $17.2k | Executive AA WEMC $15k | Quicksilver WMC 15k | SWACU Visa $15k | Amex Biz Platinum | Amex PRG | Amex SPG $10.5k | Amex SPG Biz $5k | Spark Visa $8k | Freedom $11.5k | Discover it $5k | VentureOne WMC $5k | Lowe's Store $17k | Walmart Store $3300 | Amazon Store $2500 | J Crew $4100
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09Lexie
Posts: 26,345
Registered: ‎09-13-2012
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Re: Will Lowe's late fee affect future CLIs?

GE and their delayed posting...I asked about this on my JCP card last year. I paid a day before the due date but the receipt had that 72 hour wording. I was assured there would be no fee. True, I didn't receive a fee and have received CLI's but it did teach me to pay all GE cards at least 5 days before the due date. I really didn't want to have to recheck proper crediting/reversing of potential late fees.

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