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 right away. You won’t be charged a late fee, but if your bill remains unpaid, we will temporarily suspend your card until you’ve paid off your overdue Minimum Payment (we call this the ‘past due amount’ in the app).

More importantly though, Petal reports your payment history to four 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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