Hashtags: #CreditCard #LateFee #WaiveLateFee #CreditCardCompany #FinancialTips
Are you tired of paying late fees on your credit card? Well, here’s a little-known tip for you – your credit card company will almost always waive your late fee if you simply call and ask them to. 💳💰
I know what you might be thinking – “Does this really work?” The answer is a resounding YES! In fact, I have personally had at least $500 in late credit card payment fees waived throughout my life. And it’s not just a one-time thing – I have eight cards and some aren’t on autopay, so I’ll forget to pay them by a day or two. The late fees are usually about $29, but with a simple phone call, I’ve been able to get them waived every single time.
So, how exactly do you go about getting your late fees waived? It’s simple – just follow these steps:
1. Call the Customer Service Number
– Look for the customer service number on the back of your credit card and give them a call. Make sure to have your account information and payment history ready.
2. Be Polite and Apologetic
– When you speak to the customer service representative, be polite and apologetic. Politely explain that you had set up a payment for the due date, but it didn’t go through. Let them know that you’ve already made the payment and that you noticed a late fee added on.
3. Politely Ask for the Late Fee to be Waived
– Once you’ve explained the situation, simply ask if there’s any way they could waive the late fee for you. Be respectful and don’t make demands – remember, you catch more flies with honey than vinegar!
4. Be Persistent (if necessary)
– In most cases, the customer service representative will agree to waive the fee without any questions asked. However, if they do push back, politely ask to speak to a manager or escalate the call. In my experience, this has rarely been necessary, but it’s good to know your options.
But wait, you might still have some doubts. Is this really a foolproof method? Well, the truth is, it might not work if you have a big balance and keep not paying it. However, if it’s just a one-time or occasional slip-up, calling and asking them to remove the late fee almost always works like a charm. 🌟
In conclusion, you have nothing to lose and potentially a lot to gain by simply picking up the phone and asking your credit card company to waive your late fee. I’ve never once had them say no, and I’ve even had it waived multiple times for the same credit card over a few years. So, the next time you find yourself in a similar situation, don’t hesitate to give them a call – you might just save yourself some extra cash! 📞💸
So, what are you waiting for? Go ahead and give it a try, and let us know your success stories in the comments below! #CreditCardTips #FinanceTips #PersonalFinance #SmartSpending
Forgot to add– when they do this, they almost always waive the interest as well. If not, you can ask them to and they most likely will.
Being nice to customer service reps goes a long way!
Have you tried it recently? I’ve found they’ve gotten much tougher on this policy.
I have a credit card but I rarely use it. I don’t like to spend money I can’t afford beyond what I can afford, and I only move what I can move.
Or just pay on time
I worked at Capital One, we weren’t told the exact time frame but it seems like 2 waivers every 6mo was the frequency
I recently accidently paid rent from my emergency savings and Wells Fargo would not reverse the $10 for overdrafting. Maybe credit cards are more forgiving, but wells fargo would never do this.
This is a good tip and will surely help someone OP. Ignore the people who use the internet to take out their frustrations in life. As the notable Kimberly “Sweet Brown” Wilkins said— “Ain’t nobody got time for that!”
I always set up an automatic payment for the minimum so I’m never late. I then make a point to remember to make a payment above this every month.
I’m not taking advice from someone with 8 credit cards
I tried that a couple times, always being honest about the reason for the late payment.
It always worked the first time, if you never called them about that before. To work a second time, it requires a long cooldown of many months of good on-time payments for them to allow you another fee waiving.
You might get away with doing it once a year per account, they definitely won’t keep waiving it if you do it regularly, it’s a big part of how they make money.
Tried this recently with Chase. High credit score, never carry a balance, and easily a year since a late payment. Missed it by less than 24 hours, so I called to try and get fee and/or interest waived. Did not raise my voice, use profanity, or in any way subject the rep to any negativity. Still refused to waive anything after multiple attempts.
….and ask them to remove the late pay strike from your history so it doesn’t go to the credit reporting agencies.
Not American Express. 2 minutes late in 10+ years on a $10 balance and its nope fuck you here’s a $30 fee.
Most banks and definitely credit unions will let you waive 2-3 overdrafts a year as well.
Citi will not. They tell you to call back at some future date. I messed up a few months ago when I set up bimonthly payments through my bank. They acted like I was completely unreasonable even though I’ve always paid on time.
Everything is set to autopay on my end.
One time it didn’t go through and they cleared it before I even got to the point of the phone call.
I have a feeling if you rely on this monthly, after a couple months they might start humming a different tune.
They may even lower your interest rate back down from 30% if you ask
I worked in the call center for a credit card company in the early 2000’s. I tend to take people at their word. So I would almost always waive any late fee. I did it so much that I even got a brief talking too. I had waived the most fee’s that month. Over $1,000. They told me I needed to be a little more deserning.
Spoiler: I was not
There are still people who don’t use autopay??
Check the next statement in case they add the fee later.
Source: Verizon did this
Chase has done this for me many times, including waiving interest charges as well. Just today they waved fees on one of my cards.
Same with banks and overdraft fees. At least in my experience.
Even if you pay it off manually every month you should set an auto payment that covers the minimum. That way if you forget, it’s covered. And you can always pay the difference later.
Yeah? No.
Literally has never happened for me, even after asking for manager to waive them.
Amex denied mine. Paid on time every month for years, missed for the second time and they said they couldn’t reverse the charge.
The first couple times yes.
The best part is be nice. They will do it even if it’s your fault. They don’t care.
They won’t do it if you are late month after month.
Your credit card company can also remove late payments from your record, if you ask nicely and are a good customer. You can repair your own damaged credit record or credit score.
Usually, I pay the balance every two weeks. All utilities and insurance are automatically charged as I like the cash back. I found those late charges annoying and expensive, so I have my credit cards on automatic monthly payments on more than the usual minimum and just pay the difference.
When I worked credit card customer service we could do it once a year.
I got one waived through their automated system. I said “refund late fee” and it said “beep boop” and it was done.
I had a zero Apr card with Best Buy and I didn’t understand that if you didn’t pay in full by the end, you lost the zero percentage and paid like 20% interest on the whole balance. I found this out during my divorce and I was not in a good place financially or mentally. The lady clicked some buttons and poof it’s was all gone. I was so thankful. It was a very kind gesture and a light for me in a dark time. I should have known better and I’m wiser today about using credit.
Not Bank of America. I have great credit and zero late payments. Paid them on the due date one month, and it happened to be a Sunday. They didn’t accept the payment until Monday and told me I paid late. Then charged me $30. Despite the circumstances, despite having a perfect record, and despite speaking with them directly, they would not waive the fee. They asked me if I was having financial difficulty and if couldn’t afford the fee. I said no goddamn it, it’s the principle of the thing! I hate them now. Never charged anything to that card again and just keep it on life support to pad my available credit. A-holes
Can someone explain to me how and why people have multiple cards.
I have one for my savings and credit.
And I don’t see the value of a second credit card?
I don’t want to sound like a tool but it seems like paying late is a semi regular occurrence for you. You really should set up autopay if for nothing else, the minimum payment. You won’t ever have a late fee again and you can pay manually as much and as often as you want. I used to work at a bank and someone like you (respectfully) would get the hard sell on autopay lol. Also if customer service says “no” it’s probably because the system *won’t* let them do it (your account is blocked for too many waivers, or your account is not in good standing) If you escalate the call and kick and scream, you *might* get it waived. Saw a **LOT** of that, unfortunately. So there you go.
I did this just now with Chase! Thank you for the pro tip