I'm 45 years old and have never had a late payment
for anything ever in my life. In fact my credit score at one point last year was 850 (it fell to the 820s after I opened another CC). But thanks to my Amtrak visa card, my run is over. I don't use the card
often and so don't check the balance often, unless I use it. But my annual fee came due in January and I must have agreed at some point to only electronic statements as I never got anything in the mail and I didn't see anything in my email that made me think that I had a balance due. Finally in March I signed in and saw that I was 32 days late for the January due date. I immediately paid it in full figuring it was no big deal, but then last week I get an alert from my credit monitoring service saying that my score had dropped 100 points!! A hundred point drop for a month late on a $ 79 bill... how ridiculous.
Yes, I clearly am mostly to blame since I didn't check my balance for 2 months, but I certainly would expect to hear something from BoA before they report a minuscule balance being a month late to the credit agencies, particularly since the balance was only due to their annual fee. How about a phone call, or an email stating in the subject 'Late Payment', or even a letter in the mail? Anything that would have made me notice would have resulted in an immediate payment.
FlyerTalk Forums - Credit Card Programs