Quick ? ref. late fee on c.c.

[britfish]

Last night I realized my amex payment was due on the 21st. I quickly payed it online. Is there usually a late fee right away or a grace period before it is applied? Thanks.

 

[aka-mad4themouse]

If they didn't have your payment by the due date then it is considered to be late. There will be late fees and interest to be paid. Sometimes you can get a late fee waved if you have a good payment record but they almost never wave the interest.

 

[mjkacmom]

I've done this many times, and trust me, there is no grace period! However, if you haven't asked for it to be waived recently (usually 6 months), they will usually waive it if you call.

 

[cmjaffe]

and what I did is I called them up ASAP to make a payment over the phone. Amex doesn't charge a fee to do this and also explain what happened. It was the Costco Amex that we've had for years. Waived the fee (think it was $35) and then told me to watch the bill since they couldn't reverse the finance charge then but would if it did hit the bill. Since it was a "first time offense" all was good. Now I just call in the bill either when I think the bill will be printed or right when I receive it in hand instead of waiting till due date since I'm not really getting any interest in checking account.
Don't want to have it affect my credit rating and I was "trained" by parents to never buy what I can't afford to pay when the bill hits.