What late fees and penalties are associated with late payments?
In the event that your payment is not received and posted within 60 days from the end of the billing cycle, you will be billed a late payment fee based on the outstanding balance. This fee equals 2.5 percent of the outstanding balance, plus $10. Late fees or penalties incurred on the Corporate Card are not reimbursable, so it is important that you take the steps necessary to ensure that your bill is paid on a timely basis.
