Late and Over Limit Fees

Information verified correct on August 29th, 2015

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.

ProviderOverlimit 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.
GE MoneyThis 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 $30 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 August 29th, 2015
Purchase rate (p.a.) Balance transfer rate (p.a.) Annual fee Cash advance rate (p.a.)
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
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
American Express Velocity Escape Card
Enjoy 7,500 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
Earn rewards points plus a balance transfer offer. Access to Platinum benefits 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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