What it means
A charge for missing the minimum payment by the due date. It can also hurt your credit score.
Credit Cards
Late Payment Fee
A charge for missing the minimum payment by the due date. It can also hurt your credit score.
CategoryCredit Cards
Pro tip inside1 quick win
What “Late Payment Fee” really means
The meaning, how it works in the UAE, and why it matters to your money.
How it works in the UAE
If you miss your card or loan payment by the due date, the bank charges a late payment fee, and the missed payment can appear on your credit report.
Why it matters
It costs money and can lower your credit score.
PRO TIPSet up a direct debit for at least the minimum payment as a safety net.
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Read more about Late Payment Fee
Guides that use this term — and a tool to put it into practice.
Credit Cards
TRY THE TOOLZero annual fee credit cards in the UAE: are they really free?
A zero annual fee credit card can reduce one recurring cost, but that does not make the card completely free. Other fees and conditions still matter.
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