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Last Updated: February 08, 2012
Buried in the fine print of your credit card application, agreements, and correspondence from the card company are details about various fees. As a result of the 2009 CARD Act and subsequent regulations, first-time offenders, paying late, can only be charged a maximum of $25. If you have more than one late fee in six billing cycles, then the credit card company can charge you $35 for your late payment.
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