Consequences of Late Payments on Your Target Card

Discover what happens if you pay your Target card late, including fees and credit score impacts.

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Late payment on your Target card will result in a late fee being added to your balance, which could be up to $39. Additionally, interest charges will accrue, increasing the amount you owe. Repeated late payments can also impact your credit score, making future borrowing more difficult. To avoid these issues, always set up automatic payments or reminders to ensure your payments are on time.

FAQs & Answers

  1. What fees are associated with a late payment on a Target card? A late payment on your Target card can incur a late fee of up to $39.
  2. How does a late payment affect my credit score? Repeated late payments can negatively impact your credit score, which may hinder future borrowing.
  3. What can I do to avoid late payments on my Target card? To avoid late payments, consider setting up automatic payments or reminders to ensure timely payments.
  4. Will I incur interest charges for late payments on my Target card? Yes, interest charges will accrue on your balance if you make a late payment on your Target card.