What happens if I miss a credit card repayment?

What happens if you skip a credit card repayment? | Common FAQs

Last updated: 28 June 2017

Are you thinking about getting a new credit card but have some questions? Well, the Credit Savvy team are here to answer some of the frequently asked questions so you can be in the know!



Under Comprehensive Credit Reporting, credit providers are now able to report your repayment history to the credit bureaus. So if your credit card repayment is over 14 days late, this can now be reflected in your credit report and may impact your credit score.

While a single late repayment may not have a significant impact on your score, a pattern or history of late repayments might indicate that you’re in financial stress and could potentially influence whether or not a lender will accept or reject your application in the future.

Now, if your credit card repayment is $150 or more and is overdue by 60 days or more, your provider could list a default on your credit file. Defaults are more serious than late repayments and can significantly impact your score and your ability to access credit in the future.

So, remember to pay all your bills on time! You might like to set up direct debits to ensure you never miss a payment.


Still have questions? You can read more about what you need to know about credit cards in our Learning Hub.

Looking for a new credit card? You can compare a variety of credit cards in our comparison platform.