dumb question about US credit card laws

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so, in the uk if you spend over £100 on something using a credit card and the supplier goes out of business, you're covered by the credit card company. does anything similar apply in the US? (this is really a question about deposits for wedding stuff, but it'd be good to know more generally).

― toby (tsg20), Sunday, 22 January 2006 16:46 (twenty years ago)

depends on your card, generally, yes. it can be a hassle to get it dealt with though. I did do it once.

― kyle (akmonday), Sunday, 22 January 2006 17:26 (twenty years ago)

Yes, it depends on your card, it is not a law here so you have to read your card agreement to be certain. AMEX and Discover always do but Visa and MasterCard are often code words for many different banks so you have to check it out.

Tho why not just look into wedding insurance if you are worried?

― Allyzay Rofflesberger (allyzay), Sunday, 22 January 2006 18:06 (twenty years ago)

oh, we're doing that (makes a lot of sense when it's half organised from here, anyway) - but then there's an excess and stuff if you claim. thanks for the advice, anyway.

― toby (tsg20), Sunday, 22 January 2006 22:03 (twenty years ago)

seven years pass...

Is a single late payment a big credit-score-blower-upper? I'm still getting the hang of online bill pay on my business credit card.

― Home Despot (WilliamC), Tuesday, 11 June 2013 13:11 (thirteen years ago)

no, it doesn't get reported until it's 30 days late.

― akm, Tuesday, 11 June 2013 14:00 (thirteen years ago)

not at all. I've had late fees a few times and it never wound up on my credit report because I paid within a few days (and in most cases also got them to drop the fee).

― i don't even have an internet (Hurting 2), Tuesday, 11 June 2013 14:37 (thirteen years ago)

OK, thanks. I made this payment 2 days late, and got a $39 reminder to set up an iCal alert to pay that bill on the first of the month.

― Home Despot (WilliamC), Tuesday, 11 June 2013 15:11 (thirteen years ago)

I would strongly recommend calling the card company and just saying "Listen I always pay my bills on time and this was just a slip because of (xyz excuse)" and there's a good chance they'll waive the fee.

― i don't even have an internet (Hurting 2), Tuesday, 11 June 2013 15:12 (thirteen years ago)

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