Credit Card 101: What is Payment Due Date?

Your Payment Due Date is the last day that you can settle at least your Minimum Amount Due (MAD) to keep your account in good credit standing and avoid late payment fees.

What happens if I miss my Payment Due Date?

If you miss your payment due date, your account will not only incur a Late Payment Fee but the account balance will also be subjected to Finance Charges. Late Payment Fee is PHP 1,000 or the unpaid MAD, whichever is lower.

To make the most out of your credit card’s features and learn how you can avoid incurring fees, check out the articles below.

• Statement of Account
• Minimum Amount Due
• Transaction Date vs Posting Date
• Finance Charges