topic Re: Home Depot Late Fee in Credit Cards

Home Depot Late Fee

One7 — Sun, 25 May 2014 00:03:51 GMT

Almost accidentally forgot to pay my Home Depot card, well kind of. I was waiting for a purchase to post so I can pay it in full, which it finally did on the due date. That day I paid my balance in full. Problem was I paid it at 6, an hour after 5 (their cut off time apparently) and they tacked on a $25 late fee. I was shocked! Not so much with the fee but because it was late at all, I didnt want a bad mark on my CR. So I sent a secure message to them asking how I can get this fixed and they nicely sent me an email telling me that if I paid it on the day its due after six that the system automatically posts a late fee, but It would be deleted the next day. Sure enough I woke up today and the fee was gone. They also said that they wont report it late unless its past 30 days late, another plus! I was super happy with how it all went, never again though, I'll make sure I pay everything days in advance.

Re: Home Depot Late Fee

gdale6 — Sun, 25 May 2014 00:22:44 GMT

I just stop using a card 5 days prior to statement cut so this never happens. Easier to switch to a different card than to worry about being late, better to just let it post the balance if you get into this position again.

Re: Home Depot Late Fee

One7 — Sun, 25 May 2014 00:25:26 GMT

@gdale6 wrote:
I just stop using a card 5 days prior to statement cut so this never happens. Easier to switch to a different card than to worry about being late, better to just let it post the balance if you get into this position again.

Oh yeah I always do the same, unfortunately my darling fiancee (AU on my account) forgot I told her to use the Discover card there not the HD card... and well... you get it.

Re: Home Depot Late Fee

gdale6 — Sun, 25 May 2014 01:43:42 GMT

LOL, yup I get it

Re: Home Depot Late Fee

parakleet — Sun, 25 May 2014 01:48:54 GMT

@One7 wrote:
@gdale6 wrote:
I just stop using a card 5 days prior to statement cut so this never happens. Easier to switch to a different card than to worry about being late, better to just let it post the balance if you get into this position again.
Oh yeah I always do the same, unfortunately my darling fiancee (AU on my account) forgot I told her to use the Discover card there not the HD card... and well... you get it.

I don't understand - no need to stop using a card prior to the statement closing date if you paid the statement balance or even the minimum due bu the due date. it sounds like you're playing the utilization game but it's not necessary to do that unless you're applying for new credit. Utilization has no memory so you only have to fiddle with the utilization by paying in advance right before you apply for something.

Re: Home Depot Late Fee

One7 — Sun, 25 May 2014 02:36:29 GMT

I seem to always be playing the utilization game, and not to apply for anything soon but for my own personal confidence. Even though Im in the low 700s I still consider myself in the rebuilding stages and Im trying to see my scores climb, so I'll probably be doing this for the next year at least. I play super close attention to my credit reports, so bad that I sometimes go over the top with it. But once im over 750 with all three then I suppose I'll back off and be less crazy about it. Also I get 5% back at HD with my Discover card so me telling her that was for more than just the statement cut situation.

Re: Home Depot Late Fee

One7 — Sun, 25 May 2014 02:40:11 GMT

Also a side note, I dont normally carry a balance at all, so paying late would just normally mean It would post a balance, not give me a late fee, but I did this past month because I splurged and bought me a new John Deere riding mower. Its paid off now so back to not carrying a balance except on one random card a month. Like I said, just for the next year or so.