What happens if I make a late payment or I can’t pay by the due date?

If you miss a payment, we’ll let you know you right away. You won’t be charged a late fee, but your card will be temporarily suspended until you’ve paid at least the past due payment amount and it posts. 

Petal reports your payment history to all three major credit bureaus, so falling behind on your Minimum Payment can negatively impact your credit score. It’s also helpful to know that if you pay late, interest is charged on the daily balance every day in that billing period.

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