Late and Over Limit Fees

Rates and Fees verified correct on July 3rd, 2015
Overlimit fees Time is gold. Find out the late and over-limit fees of various credit cards to see how paying late can cost you a lot.

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.

American Express

    Overlimit fee

    $30

    Late Payment fee

    $30

ANZ

    Overlimit Fee

    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.

    Late Payment Fee

    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

    Overlimit fee

    $30 ‘Payable if the outstanding balance exceeds the approved limit”. This fee is charged only once per statement period.

    Late Payment fee

    $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

    Overlimit fee

    $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.

    Late Payment fee

    $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

    Overlimit fee

    A flat $40 when your credit limit has been exceeded.

    Late Payment fee

    A flat $40 when you have exceeded the date your minimum payment is due.

Commonwealth Bank

    Overlimit fee

    Over limit fee is of $0 when your credit limit has been exceeded.

    Late Payment fee

    A flat $20 when you have exceeded the date your minimum payment is due.

GE Money

    Overlimit fee

    This is incurred when a purchase takes your balance over your credit limit – $30

    Late Payment fee

    This applies if you don’t make the whole of the minimum payment by the due date shown on your statement – $35

Macquarie Bank

    Overlimit fee

    When you breach your credit limit, an overdraft fee of $40 will be charged.

    Late Payment fee

    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

    Overlimit fee

    Information not found.

    Late Payment fee

    $25 if you do not meet the required minimum repayment date.

NAB

    Overlimit fee

    No fee for overdrawals.

    Late Payment fee

    A flat $30 when you have exceeded the date your minimum payment is due.

HSBC

    Overlimit fee

    A $30 fee is charged when you exceed your credit limit.

    Late Payment fee

    A $30 fee is charged the day or day after you exceed your minimum repayment due date.

St.George

    Overlimit fee

    A flat $9 fee will be charged if you exceed your max credit card limit.

    Late Payment fee

    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

    Overlimit fee

    $40.00 each time that your credit limit is exceeded. Suncorp will only charge this to a maximum of once per month.

    Late Payment fee

    $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

    Overlimit fee

    A flat $9 fee will be debited to your card upon limit breach.

    Late Payment fee

    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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This page was last modified on 22 September 2014 at 16:58.

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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 July 3rd, 2015
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Cash advance rate (p.a.)
St.George Vertigo Platinum
St.George Vertigo Platinum
A platinum card with a low interest rate on balance transfers and purchases with a low annual fee. 0% p.a. for 3 months (reverts to 12.74% p.a.) 0% p.a. for 20 months $99 p.a. 21.49% p.a. Go to site More info
NAB Low Rate Credit Card
NAB Low Rate Credit Card
Low ongoing interest rate on purchases and balance transfers. 0% p.a. for 12 months (reverts to 13.99% p.a.) 4.99% p.a. for 6 months $59 p.a. 21.74% p.a. Go to site More info
Westpac Low Rate Card
Westpac Low Rate Card
A low interest rate credit card with a low annual fee and balance transfer offer. 0% p.a. for 3 months (reverts to 13.49% p.a.) 0% p.a. for 18 months $59 p.a. 21.49% p.a. Go to site More info
American Express Velocity Escape Card
American Express Velocity Escape Card
Exclusive Offer to finder.com.au
Enjoy 15,000 bonus Velocity Points when you spend $300 within the first 3 months and up to 2.00 points for every dollar you spend, together with a $0 annual fee. Offer ends on 30 September 2015.
20.74% p.a. 0.99% p.a. for 6 months with 1% balance transfer fee $0 p.a. Go to site More info
HSBC Platinum Credit Card
HSBC Platinum Credit Card
Earn rewards points plus a balance transfer offer. Access to prestige services including a personal concierge service and VISA Platinum reward program. 19.99% p.a. 0% p.a. for 8 months $0 p.a. 21.99% p.a. Go to site More info

* The credit card offers compared on this page are chosen from a range of credit cards CreditCardFinder.com.au 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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