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• A late payment is your failure to make at least the minimum payment so that it reaches us by or before the time and due date on your bill.

  Consumer Financial Protection Bureau - Cite This Source - This Definition
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  Cite Definition for Late payment

  American Psychological Association (APA)

  Late payment. (n.d.). Definition of Credit Card Terms. Retrieved January 29, 2023, from website: http://www.expertglossary.com/definition/late-payment.

  Chicago Manual of Style (CMS)

  Late payment. www.consumerfinance.gov. Definition of Credit Card Terms. Consumer Financial Protection Bureau. http://www.expertglossary.com/definition/late-payment (accessed: January 29, 2023).

  Modern Language Association (MLA)

  "Late payment." Definition of Credit Card Terms. Consumer Financial Protection Bureau. 29 January. 2023 http://www.expertglossary.com/definition/late-payment.

• Browse Related Terms: Bill, Billing period, Due date, Fixed-rate APR, Grace Period, index, Late payment, Minimum interest charge, Minimum Payment, Variable-rate APR

All > Business > Finance > Personal Finance > Consumer Credit > Credit Card

• A fee charged if your payment is received after the due date.

  Board of Governors of the Federal Reserve System - Cite This Source - This Definition
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  Cite Definition for Late-payment fee

  American Psychological Association (APA)

  Late-payment fee. (n.d.). Credit Card Consumer's Guide. Retrieved January 29, 2023, from website: http://www.expertglossary.com/definition/late-payment-fee.

  Chicago Manual of Style (CMS)

  Late-payment fee. www.federalreserve.gov. Credit Card Consumer's Guide. Board of Governors of the Federal Reserve System. http://www.expertglossary.com/definition/late-payment-fee (accessed: January 29, 2023).

  Modern Language Association (MLA)

  "Late-payment fee." Credit Card Consumer's Guide. Board of Governors of the Federal Reserve System. 29 January. 2023 http://www.expertglossary.com/definition/late-payment-fee.

• Browse Related Terms: Annual fee, application fee, Authorized charge, Credit-limit-increase fee, Late-payment fee, Over-the-limit fee, Penalty fees, Protected balances, Returned payment, Set-up fee, Workout arrangement