Chase MasterCard - Late

[Anonymous]

So I'm out of town and I was meaning to go to a Chase branch to pay my credit card, I had a minimum payment of $48 due. I paid $25 online and meant to pay the remaining in a branch. This never happened. I was charged a late fee because of this, but my main concern is my credit report/score. The payment was due yesterday, 3/08. If I pay it today, 3/09, or any day this week, would it still appear on my credit report as a late payment?? This has never happened to me before

[marty56]

Most likely they would not report it late.  I would pay as soon as I could and definitly before they next statement date.  I would also call and explain why you were late.  Most likely Chase will AA you so I would also try to work that out with them as well.

[Anonymous]

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@Anonymous wrote:
So I'm out of town and I was meaning to go to a Chase branch to pay my credit card, I had a minimum payment of $48 due. I paid $25 online and meant to pay the remaining in a branch. This never happened. I was charged a late fee because of this, but my main concern is my credit report/score. The payment was due yesterday, 3/08. If I pay it today, 3/09, or any day this week, would it still appear on my credit report as a late payment?? This has never happened to me before

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They report when it is 30 days late.

[Anonymous]

Chase ended up being very gracious with me. The CSR confirmed with me that they only report negatively when it's 30 days late, and he even removed the $39 late fee! I am very pleased with them right now

[RobertEG]

Corrrect.  30-days late does not mean it is late after expiration of the 30-day due date set in the billing statement.

For credit reporting purposes, it means over 30-days from the billing due date.  That would normally be 60-days from the statement date.

[Anonymous]

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@RobertEG wrote:

Corrrect.  30-days late does not mean it is late after expiration of the 30-day due date set in the billing statement.

For credit reporting purposes, it means over 30-days from the billing due date.  That would normally be 60-days from the statement date.

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Can you please give a few examples, please?  It would make it easier for me to understand.

[Bocklin]

Jan 5th - Start of monthly cycle

Feb 4th - end of monthly cycle; bill generated with a due date of

Feb 24th - payment is due... if you pay it later it is late, but not 30 days late until....

Mar 26th - 30 day late reported

Is that right?

[Anonymous]

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@Bocklin wrote:

Jan 5th - Start of monthly cycle

Feb 4th - end of monthly cycle; bill generated with a due date of

Feb 24th - payment is due... if you pay it later it is late, but not 30 days late until....

Mar 26th - 30 day late reported

Is that right?

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So that would be 30 days after the payment was due, correct?  Seems logical to me.

[Anonymous]

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@Anonymous wrote:

Chase ended up being very gracious with me. The CSR confirmed with me that they only report negatively when it's 30 days late, and he even removed the $39 late fee! I am very pleased with them right now

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and that is what is should be the way it should be.that was the problem with Universal Default. The banks were able to make people look delinquent when they weren't , because the shortest delinquency is 30 days. If I was in charge of credit reform , I would make it illegal and impose a hefty fine to any creditor reporting a late payment. And that would essentially FIX Universal Default

[Anonymous]

 I just called Chase and they would not reverse my late fee. I was two business days late on payment and 4 total days. They said unless it was caused by a bank error we can't reverse fee.

So somehow you had a better result.  Do you mind if I ask if you have a mortgage with them or if you move a lot of money through? I am just wondering if you got special treatment. I don't have a mortgage with them and I pay on time consistently, so I never have interest fees.

Let me know how it worked for you!