Late and Over Limit Fees

Information verified correct on September 29th, 2016
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Late payment fees and limit breaching fees aren’t easy to find with credit card offers – and for good reason: They aren’t a very attractive feature of credit cards.

However, they exist on all cards and are thus an important feature to compare credit card issuers with.

Credit Card Finder® has taken more hard work out of credit card comparison for you, featuring all key issuers late and limit breach fees.

Note that these fees are accurate as of August 2nd 2009 and are subject to change.

IssuerOverlimit FeeLate Payment Fee
American Express$30$30
ANZA fee will apply if the Closing Balance on your statement of account exceeds your approved credit limit by $100 or more. The overlimit fee will be 5% of the overlimit amount, to a maximum of $50.A fee of $20 will be charged to the Principal Account if the account is not paid in full within 14 days of the statement date.
Bankwest$30 ‘Payable if the outstanding balance exceeds the approved limit”. This fee is charged only once per statement period.$35 ‘Payable if the minimum payment is not processed to the account by the due date”. This fee is charged only once per statement period.
Bendigo Bank$27.50 ‘You will be charged this fee each day you perform a transaction on your account and your account remains overdrawn at the end of the day.$25 – When your minimum repayment on a Bendigo Credit card exceeds $25.00 and it has not been made 30 days after the due date. This fee is charged to your account at the end of the monthly statement period.
CitibankA flat $40 when your credit limit has been exceeded.A flat $40 when you have exceeded the date your minimum payment is due.
Commonwealth BankOver limit fee is of $0 when your credit limit has been exceeded.A flat $20 when you have exceeded the date your minimum payment is due.
Latitude Financial ServicesThis is incurred when a purchase takes your balance over your credit limit – $30This applies if you don’t make the whole of the minimum payment by the due date shown on your statement – $35
Macquarie BankWhen you breach your credit limit, an overdraft fee of $40 will be charged.If you do not make the minimum payment by the date specified in your credit card statement, a $40 fee will be imposed.
Member’s EquityInformation not found.$25 if you do not meet the required minimum repayment date.
NABNo fee for overdrawals.A flat $5 when you have exceeded the date your minimum payment is due.
HSBCA $30 fee is charged when you exceed your credit limit.A $30 fee is charged the day or day after you exceed your minimum repayment due date.
St.GeorgeA flat $9 fee will be charged if you exceed your max credit card limit.A flat $9 fee will be charged if you miss a minimum repayment due date.Note that BankSA is a subsidiary of St.George and features identical fees.
Suncorp$40.00 each time that your credit limit is exceeded. Suncorp will only charge this to a maximum of once per month.$10.00 If your Payment Due is not paid by the Payment Due Date and $10 every 7 days thereafter until the Payment Due is made
WestpacA flat $9 fee will be debited to your card upon limit breach.A flat $9 fee will be debited to your card if you miss the minimum repayment due date.

Wizard are in the process of a merger with Aussie and will cease to exist over the next coming weeks. If their cards are still on offer after the merger, the fees will be listed accordingly.

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One Response to Late and Over Limit Fees

  1. Default Gravatar
    Eric | May 28, 2010

    NOTE on the NAB fees – payments on your credit card are only accepted between the statement issue date and the due date. Any payments made outside this narrow date range are not counted toward your minimum monthly payment!! In my case I am paid fortnightly, which of course does not correspond to any particular monthly date, and I pay roughly half the due amount then. Consequently the NAB will charge me a “late fee” although I have paid more than the monthly fee requested!! So much for “a fairer banking system with more give and less take”!!!

Credit Cards Comparison

Rates last updated September 29th, 2016
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee
Virgin Australia Velocity Flyer Card - Balance Transfer Offer
Enjoy a 0% p.a. balance transfer offer for 18 months and also earn 2 bonus Velocity Points in the first 3 months on everyday spend.
20.74% p.a. 0% p.a. for 18 months $64 p.a. annual fee for the first year ($129 p.a. thereafter) Go to site More info
ME Bank frank Credit Card
Enjoy a low and consistent interest rate on purchases and cash advances, combined with no annual fee.
11.99% p.a. $0 p.a. Go to site More info
St.George Vertigo Visa
Introductory offer of 0% p.a. for 18 months on balance transfers and 1% p.a. for 12 months on purchases, plus a low annual fee.
1% p.a. for 12 months (reverts to 13.24% p.a.) 0% p.a. for 18 months $55 p.a. Go to site More info
HSBC Platinum Credit Card
Receive a full annual fee refund and save $149 if you meet the $6,000 spend requirement. Enjoy a balance transfer offer and platinum card benefits such as complimentary insurances and concierge services.
19.99% p.a. 0% p.a. for 15 months $149 p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards has access to track details from and is not representative of all the products available in the market. Products are displayed in no particular order or ranking. The use of terms 'Best' and 'Top' are not product ratings and are subject to our disclaimer. You should consider seeking independent financial advice and consider your own personal financial circumstances when comparing cards.

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