This is the same with every lender, and a common misquoted answer: Before your credit score will be affected by a late payment, you must be 30 days late on your bill.
Yet, there is one more caveat, you need to be working with a creditor that actually reports to the credit bureaus. Many creditors do not report to the credit bureaus and have then, a late payment will have no impact on your credit score.
That being said, do not assume that is normal, as most lenders do. Typically, creditors that do not report to the credit bureaus, are small banks, utility companies, cell phone providers, and the likes.
One point of caution, if you don't pay your small bank, utility bill, or cell phone bill, even though they do not report the payment history to the credit bureaus, they will send your bill to collections and ultimately, that will hurt your credit.
Obviously, the best thing to do is to pay your bills each month.
Credit For 30 days
A Chase credit card payment typically takes 1-3 business days to process.
10 days
There could be a delay in processing your payment. It may take a few days for the payment to be reflected in your account. Contact your credit card company to confirm the payment was received and to inquire about the status of your payment.
normally 30 days
By not paying your bills as agreed. Keep in mind that bad entries are reported to the credit bureau if you are over 30 days late from making a payment but make sure that you payment get posted prior to 30 days. Example if you have a car note and its due on the 9th of each month, it will not get reported to the credit bureau unless a payment is not posted by the 8th of that next month as long it will not go over 30 days. You will have to pay late fees but it won't affect your credit. Source: Credit Bible by Phil Turner.
An "open account" payment term means that goods are shipped and delivered before payment is due, allowing the buyer to pay at a later date. In this case, a term of "50 days" indicates that the buyer has 50 days from the invoice date to make the payment. This arrangement is typically used in international trade and is favorable for buyers, as it provides them with time to sell the goods before settling the payment. However, it carries a higher risk for sellers since they extend credit without immediate payment.
The phrase 30 days EOM stands for 30 days End of Month. A payment term that is granted as a 30 day EOM typically has a total of 45 days for the length of the credit.
Only late payments that are (at least) 30-59 days may be reported in the 30 day counter and only payments made that late change your rating from an R1 or I1 to an R2-I2. However, should a payment be even ONE DAY past due, that information can be reported on your credit report without changing the RI-I1 status. There are different fields of information on your credit report. So, it is uncommon, but possible, for a past due payment to be reported that is not actually 30 days late.
Depending on when in your billing cycle the payment was made and what the company's reporting policy is, I would say generally between 30 to 60 days.
The bad news - You will be assessed a late fee. This amount varies depending on the credit card company. The good news - The majority of credit cards companies only report to credit bureaus if the payment is 30 days past due.
There could be several reasons why your credit card payment hasn't posted yet. It may take a few days for the payment to process and show up on your account. Additionally, there could be delays due to weekends, holidays, or technical issues. It's best to contact your credit card company to inquire about the status of your payment.