Need advice on BofA Student VISA - about payment

Discuss the Visa & MasterCard payment networks as well as cards that operate through them.
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jumbo
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Need advice on BofA Student VISA - about payment

Postby jumbo » Wed Feb 27, 2013 2:30 pm

Hello,
My minimum payment due date was February 23 for BofA Student Platinum VISA and somehow I forgot to pay the minimum amount by 2/23.
I remembered today, and paid $100 to the card ($15 was minimum amount).

Now I am afraid that there will be a late payment shown on my credit report.
Any suggestions to avoid the late payment being recorded on my credit report. This is the first time I missed the payment.
Any suggestions/info is appreciated.
Thanks.
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enhasa
 
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Postby enhasa » Thu Feb 28, 2013 5:32 am

there will not be a late payment on your credit report because it is <30 days late. there will however be a late fee most likely.

you can call bank of america to see if they are willing to waive it out of goodwill.
chances are your APR will also increase to the highest rate.
It will really depend on your banking history and relationship with them.

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jumbo
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Postby jumbo » Sun Jun 16, 2013 3:22 pm

I called them, and the person on the other side was really understanding. I did not have a late fee, nor APR increase or anything.
The person asked me to pay the amount I want to pay, (which I did online right then), and everything was ok.
BofA Cash Rewards | CapitalOne QuickSilver | Discover More
Gold Delta AMEX | Citi DoubleCash | Citi Simplicity
Chase Freedom | Kohls Charge Card


MemberSince99
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Postby MemberSince99 » Sun Jun 16, 2013 3:32 pm

Great job! Good for you. I would just make sure I did not do that again anytime soon.

pewpew
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Postby pewpew » Sun Jun 16, 2013 11:14 pm

The BoA credit card I have has a late fee and penalty ARP. in the 6+ years that I have had it, i paid late 2 times because I forgot about it. I submitted my payment electronically about a week after due date each time. They never raised my APR or made me pay the penalty, they didn't even report the late payment to the credit bureaus. not idea why, but i'm not complaining.

i also have a checking account with them and over the years i picked up four $35 fees for over drafts. i called to ask if they could be removed 3 of those times and they removed it every single time.

i really can't say a bad thing about BoA, but don't push your luck. Don't be me and stay on top of it.
Junk I use:
AmEx Platinum for Mercedes Benz from, 75k spending ability
AmEx Everyday 8.99% + Prime, 44k CL
Chase Ink Bold, 35k
Chase Freedom (Converted from WaMu VISA) from '07, 5.99% + Prime, 30k CL

Junk I don't use
BoA Susan G. Komen Cash Rewards (converted from World Points MC) from '07, 7.9% Fixed APR, 30k CL
Discover IT (Converted from Discover More) from '08, 5.74% + Prime, 20k CL
AmEx Clear from '07, 4.99% + Prime, 10k CL
All 3 credit scores are over 800.

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Postby rockyrock » Mon Jun 17, 2013 2:32 am

This was all pre-2008 market crash so YMMV. Whenever this has happened to me I always call and make a big deal about it. Let them know how important it for me to pay on time and maintain a good relationship, etc., etc. I usually get them to make an entry into my file indicating I called. This only works once or twice...
American Express: (MS 2005) Premier Rewards Gold (2014) Blue Cash Preferred (2013)
Chase: Sapphire Preferred Visa (2013) Marriott Rewards Premier Visa (2010)
USAA: World MC (2011) American Express (2013)
Discover it (2011)
Bank of Hawaii Hawaiian Airlines World Elite MC (2008)
Navy Federal Credit Union Platinum Visa (2013)
Citi Double Cash MC (2015)



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