5 Ways To Prevent Credit Card Late Fees

Paying a credit card late fee is the same as throwing your money away. Late credit card payments can also hurt your credit score. The payment tips and strategies here will show you how to prevent these costly fees.

When credit card companies process credit card payments, every single detail is extremely important. Get even one of these small details wrong and you will have to pay credit card late fees.

The Fair Credit Billing Act requires credit card companies to credit payments the day they are received. However, this law also allows each credit card issuer to set their own specific payment guidelines. If any of these guidelines are not met, the credit card company can take as much as five days to credit the payment.

That means you can get your payment to your credit card company on time and it could become late during that five-day period. The credit card company could legally charge you credit card late fees. So it's in your best interest to follow their payment guidelines carefully. The payment guidelines are usually on the back of your credit card bill.

Here is the five best ways to prevent credit card late fees.

1. Follow Credit Card Payment Guidelines Carefully

This includes everything from a specific payment address to the time of day the payment has to be received to be credited that day. Some companies even require that payments arrive in their preprinted envelope they sent you with your bill. To be safe, always use the preprinted envelope provided by a credit card company.

Include the billing coupon, and write the amount you are paying in the box provided. Make your check legible, don't forget to sign it and double check that the payment amount is correct. Write your credit card account number on your check and send the payment with the proper postage to the payment address requested by the credit card company.

2 Pay The Minimum Payment Immediately

The best way to prevent paying a credit card late fee is to pay your bill as soon as it arrives. Even if you can only make the minimum payment, it's better than paying a late credit card payment. You can always make additional payments later to keep your interest costs down.

3 Change Your Due Date

Most major credit card companies allow you set your own due date by just asking. Set your due date so your credit card bill arrives right after you get paid.

4 Automatic Online Payments

Paying bills online is also another good way to avoid paying a credit card late fee. Most major credit card companies are accepting credit card payments online. Just sign up for the service on the card company's web site. Make sure to choose a payment amount that automatically covers the minimum amount due on your credit card each month. You can always make additional payments later to keep your interest costs down.

5 Make Your Payment By Phone

Most major credit card companies will accept payments by phone. Some of them will charge fees, ranging from $5 to $15 for the service. But credit card late fees cost you much more so it's better to pay the small fee than a late credit card payment fee. Call the toll-free number on the back of your credit card. They will ask you for a check number and the bank routing number, which is printed at the bottom of every check.

If you do get hit with a credit card late fee, try calling the credit card company and ask if they will waive it. Many credit card companies will waive late credit card payment fees as a courtesy to customers with good payment records.

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table border=0 width= valign=top cellpadding=2 cellspacing=7trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.canada.com/saskatoonstarphoenix/news/business/story.html%3Fid%3Dc8037ce2-73c6-4248-8d76-e3b2296d5c5bcid=1255294289ei=XDjsSICLLKCQ6APe2-j5CAusg=AFQjCNF9dVhGlu2X4tjCgT3fD4WHVwlYLwimg src=http://news.google.com/news?imgefp=edJuOkiVPZQJimgurl=a123.g.akamai.net/f/123/12465/1d/media.canada.com/reuters/olcabus_iptc/2008-10-05t230305z_01_btre4941pyq00_rtroptp_2_cbusiness-us-markets-oil.jpg%3Fsize%3Dl width=80 height=80 alt= border=1brfont size=-2StarPhoenix/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.bloomberg.com/apps/news%3Fpid%3D20601091%26sid%3Da2VTTEAnPufw%26refer%3Dindiacid=1255294289ei=XDjsSICLLKCQ6APe2-j5CAusg=AFQjCNEZ5ntQR223jeBNDbO7E4a_zgyFoAOil Trades Below $90 on Demand Slump, Worsening bCredit/b Crisis/abrfont size=-1font color=#6f6f6fBloombergnbsp;-/font nobr26 minutes ago/nobr/fontbrfont size=-1Global stock markets have plunged as banks freeze bcredit/b lines to investors and companies. ``Demand destruction is prevalent in developed countries with b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://thechronicleherald.ca/Columnists/1083286.htmlcid=1255294289ei=XDjsSICLLKCQ6APe2-j5CAusg=AFQjCNHtByt51X0OC3X-1BI_Z1W5aBEtRQResource sector taking a hit/a font size=-1 color=#6f6f6fnobrTheChronicleHerald.ca/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://tvnz.co.nz/view/page/536641/2184351cid=1255294289ei=XDjsSICLLKCQ6APe2-j5CAusg=AFQjCNFawlEfmeL_7jwBYiqdMQcRU-bsegOil rises on Aust rate cut, Fed move/a font size=-1 color=#6f6f6fnobrTVNZ/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.bloomberg.com/apps/news%3Fpid%3D20601082%26sid%3DaBinqMQPhaAs%26refer%3Dcanadacid=1255294289ei=XDjsSICLLKCQ6APe2-j5CAusg=AFQjCNGEoppYAK-SPxktgMa9YxVXxdDhkgCrude Oil Falls as Worsening bCredit/b Crisis May Curb Fuel Demand/a font size=-1 color=#6f6f6fnobrBloomberg/nobr/font/fontbrfont class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1255294289hl=ennobrall 1,505 news articles/nobr/a/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.marketwatch.com/news/story/corporate-america-credit-union-fimac/story.aspx%3Fguid%3D%257BCC12C06A-AD4D-469F-8D66-F4F1E35F0726%257D%26dist%3Dhpprcid=1255251442ei=XDjsSICLLKCQ6APe2-j5CAusg=AFQjCNHdixYpaiZeIUkxGkCD9kS8fr-t9ACorporate America bCredit/b Union and FIMAC Reach Agreement to Offer b.../b/abrfont size=-1font color=#6f6f6fMarketWatchnbsp;-/font nobr7 hours ago/nobr/fontbrfont size=-1Based in Birmingham, Alabama, CACU has over $1.4 billion in assets, and serves the financial needs of 174 member bcredit/b unions. b.../b/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://sanantonio.bizjournals.com/albuquerque/stories/2008/10/06/daily4.htmlcid=1253647892ei=XDjsSICLLKCQ6APe2-j5CAusg=AFQjCNFrjDNcdbJIBeM0O-KDjlsfhReA5QFederal solar tax bcredit/b extended/abrfont size=-1font color=#6f6f6fSan Antonio Business Journal,nbsp;TXnbsp;-/font nobr15 hours ago/nobr/fontbrfont size=-1The Solar Electric Power Association expects solar generation to expand significantly thanks to the extension of federal solar tax bcredits/b to utilities. b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://online.wsj.com/article/SB122324525051705915.html%3Fmod%3Dgooglenews_wsjcid=1253647892ei=XDjsSICLLKCQ6APe2-j5CAusg=AFQjCNHMCchiiCnNIpiH8cteIwIh38YbLAWill Coal Be Cashing In On the New Tax bCredit/b?/a font size=-1 color=#6f6f6fnobrWall Street Journal/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://cleantechnica.com/2008/10/06/bailing-out-renewable-energy-tax-credits/cid=1253647892ei=XDjsSICLLKCQ6APe2-j5CAusg=AFQjCNESuKvbPB3ppd2T8NnE5ofqV-B2twBailing Out Renewable Energy Tax bCredits/b/a font size=-1 color=#6f6f6fnobrCleanTechnica/nobr/font/fontbrfont size=-1a href=http://news.google.com/news?btcid=1f02df4bba78c72bimg src=/images/news_comment_bubble12.gif alt=google news comment class=comment-iconComment bynbsp;Gregory Wetstone/afont size=-1 color=#6f6f6fnbsp;AWEA Sr. Director of Governmental amp; Public Affairs/font/fontbrfont size=-1 class=pa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.cleantech.com/news/3645/itc-passes-now-whatcid=1253647892ei=XDjsSICLLKCQ6APe2-j5CAusg=AFQjCNFbyucKGQynbijZWJU0Ii_-2nmV3AnobrCleantech Group/nobr/anbsp;- a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.mondaq.com/article.asp%3Farticleid%3D67328cid=1253647892ei=XDjsSICLLKCQ6APe2-j5CAusg=AFQjCNEO-owoUhTYL4EXJcsyaoqmsTq9SAnobrMondaq News Alerts (subscription)/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1253647892hl=ennobrall 619 news articles/nobr/a/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.forbes.com/markets/2008/10/07/fed-commercial-closer-markets-econ-cx_cg_lal_1007markets38.htmlcid=1254976631ei=XDjsSICLLKCQ6APe2-j5CAusg=AFQjCNHsO45Ahngw7auXpH60eUWMRYs1_gFed#39;s bCredit/b Tactic Has Small Effect/abrfont size=-1font color=#6f6f6fForbes,nbsp;NYnbsp;-/font nobr2 hours ago/nobr/fontbrfont size=-1Still, a slight uptick in bcredit/b-market yields indicated that some of the natural buyers of commercial paper might be creeping back into the market. b.../b/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://afp.google.com/article/ALeqM5gEFfPQSG7Sec1SynHAHdfqWwFhVAcid=1254976631ei=XDjsSICLLKCQ6APe2-j5CAusg=AFQjCNERynaGlqvQ86Ia9TX_N_0D_CVLSgFed to buy commercial paper in bid to jump-start bcredit/b/a font size=-1 color=#6f6f6fnobrAFP/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.washingtonpost.com/wp-dyn/content/article/2008/10/07/AR2008100700851.html%3Fhpid%3Dtopnewscid=1254976631ei=XDjsSICLLKCQ6APe2-j5CAusg=AFQjCNFc57oHSylLdWAekQkZhyTpuWxxLwFed Moves to Thaw bCredit/b Markets/a font size=-1 color=#6f6f6fnobrWashington Post/nobr/font/fontbrfont size=-1a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.pbs.org/newshour/bb/business/july-dec08/creditfix_10-07.htmlcid=1254976631ei=XDjsSICLLKCQ6APe2-j5CAusg=AFQjCNHriqmrvZmGD0tqC3VIt-EI62GhLQFederal Reserve Employs Tools to Ease bCredit/b Fears/a font size=-1 color=#6f6f6fnobrNewsHour/nobr/font/fontbrfont size=-1 class=pa href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://news.sbs.com.au/worldnewsaustralia/fed_to_buy_commercial_paper_to_jumpstart_credit_559391cid=1254976631ei=XDjsSICLLKCQ6APe2-j5CAusg=AFQjCNGxWONr_v40bQNsoijtLXog-mINZQnobrSpecial Broadcasting Service/nobr/anbsp;- a href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.loudountimes.com/news/2008/oct/07/local-businesses-respond-feds-plan-open-credit-lin/cid=1254976631ei=XDjsSICLLKCQ6APe2-j5CAusg=AFQjCNFMc40REby4_XF8EArv-XQiGdVg9QnobrLoudoun Times/nobr/a/fontbr/font class=p size=-1a class=p href=http://news.google.com/news?sourceid=navclientie=ISO-8859-1rls=GGLG,GGLG:2005-22,GGLG:enncl=1254976631hl=ennobrall 1,655 news articles/nobr/a/font/div/font/td/tr/table
table border=0 width= valign=top cellpadding=2 cellspacing=7trtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbrdiv style=padding-top:0.8em;img alt= height=1 width=1/divdiv class=lha href=http://www.citywebshopper.net/articles/includes/redirect.php?url=http://www.rp.pl/artykul/5,201784.htmlcid=1255322032ei=XDjsSICLLKCQ6APe2-j5CAusg=AFQjCNG5AnSZ-ADJ1ZLB1xQUdru-oJ-nWQLekcja 4: The aftermath of the bcredit/b crunch/abrfont size=-1font color=#6f6f6fRzeczpospolita,nbsp;Polandnbsp;-/font nobr2 hours ago/nobr/fontbrfont size=-1The words bcredit/b crunch are on the lips of those who are now trying to arrange a mortgage and find it no longer so easy. The term bcredit/b crunch describes a b.../b/font/div/font/td/tr/table
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