Late Payment Fees of Secured Credit Cards

Always pay your bills on time, or early if you possibly can. Late fees, especially on credit cards can cost you quite a bit of money. The late fee on your secured credit card can range between $30 and $50.

When you decide which secured credit card you want, make sure you use your credit wisely. Make only small purchases, and pay your bill off monthly. Send your check in at least one week before the due date. Better yet pay it the day you get it. Even better set up online payments.

How to reduce your chances of a late payment:

To avoid late payments on your secured credit card, you may follow these practical tips:

  • Get in the habit of paying bills as soon as they arrive.
  • Pay bills automatically out of your checking account every month.
  • Write the check, put it in the envelope put the mailing date in the corner where the stamp will go and pin to your calendar. When you stamp it to send it the date will be under the stamp.
  • Mark on your calendar when you must pay your bills each month, so payments will arrive before the due date.
  • Pay all your bill on line either through you bank account or the merchants account for your cards. You can set these up for automatic payment on the due date.

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