This is really a reminder to myself and anyone else who happened to miss a payment on a credit card. The typical fee is around $40 and many banks will readily remove it unless you are a repeat offender. This just happened to me last week with my Chase Freedom Plus and I was able to reverse the fee in one short phone call.
Steps to take if you missed a payment
1. Pay off the overdue balance as soon as possible
2. Wait for a few days till your payment is through
3. Call the service center and explain your situation
4. The officer will usually reverse the fee unless your are repeat offender
Now, since I always pay my balance in full I was also hit with an unusual for me finance charge (the interest on the balance). So far I have not been lucky to reverse that one… :-(
Did you have a recent late fee charge on your credit card? Did you try to remove it? Please share your experience in the comments!