If you miss a payment, we’ll notify you right away.
You’re charged interest on any portion of the Statement Balance that isn't paid by the due date, so the sooner you pay it down, the less it’ll cost. This remaining balance is also called a revolving balance, and interest will accrue on them daily.
You won’t be charged a late fee, but if your bill remains unpaid we may temporarily suspend your card until you’ve paid at least the minimum due.
Petal reports to credit bureaus, so falling behind on your minimum payment for a prolonged period of time could have a negative impact on your credit score.