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 providers with.
Credit Card Finder® has taken more hard work out of credit card comparison for you, featuring all key providers late and limit breach fees.
Note that these fees are accurate as of August 2nd 2009 and are subject to change.
|Provider||Overlimit Fee||Late Payment Fee|
|ANZ||A 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.|
|Citibank||A flat $40 when your credit limit has been exceeded.||A flat $40 when you have exceeded the date your minimum payment is due.|
|Commonwealth Bank||Over 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.|
|GE Money||This is incurred when a purchase takes your balance over your credit limit – $30||This applies if you don’t make the whole of the minimum payment by the due date shown on your statement – $35|
|Macquarie Bank||When 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 Equity||Information not found.||$25 if you do not meet the required minimum repayment date.|
|NAB||No fee for overdrawals.||A flat $30 when you have exceeded the date your minimum payment is due.|
|HSBC||A $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.George||A 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|
|Westpac||A 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.