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 if your bill remains unpaid we will temporarily suspend your card until you make at least the minimum payment and it posts.

More importantly though, 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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