I missed my credit card payment date, what should I do?

The terms and conditions of your credit card account requires you to make payments at a certain date each month. There is also a minimum payment amount required that changes depending on your total charges each month. Missing a monthly payment can mean late charges which can also depend on the amount of your current balance.

If you missed your monthly payment, the best thing to do is to make the payment as soon as possible. Not paying will only result to late charges and the current charges being added to next month’s balance. Your debt will continuously increase every time you miss a payment.

As soon as you realized that you have missed your payment date, you can call your credit card company and inform them of the situation. Let them know when you intend to make the payment and you can request for a reversal of the late charges once you have made the payment. This may be more likely to work if you are only late for a day or two. It may be harder to request for a reversal of charges if you are already several days late in making the payment.

Sometimes credit card companies are more lenient if you have a good payment record and missing monthly payments is not a frequent occurrence for you. It is always important to at least make the minimum payment every month in order to keep a good credit standing. You can make the minimum payment before the due date and then make the rest of the payment before the next cut off to avoid additional charges for next month.