Pay late twice in any six-month period and an APR of 19.99 slams into place. The NextCard Plus Visa has a fixed APR of 9.99 percent. Pay late twice in any six-month period and you'll be strapped with a 19.99 interest rate. Fail to make minimum payments for two months in a row and you'll be hit with a 22.99 percent interest rate. It depends on your cardholder agreement.
Some issuers punish rule breakers for a set period of time, say two billing cycles.
Other issuers are more vague. If you mess up you could be stuck paying a sky-high penalty rate for quite some time. So watch your step and be a good card customer. It won't be easy. Fall from grace Gone are the days when issuers allowed 10 or 15 days for a payment to arrive after a due date before charging a fee.