What happens if I miss a payment on my Chase credit card?

If you miss a payment on your Chase credit card, there may be some consequences. Firstly, a late fee will be charged to your account. Additionally, your credit score might be negatively impacted as late payments can be reported to credit bureaus. This could potentially affect your ability to secure loans or credit in the future. It's important to note that if you continuously miss payments, Chase may raise your interest rate, causing you to pay more in finance charges. To avoid any penalties, it is advisable to make your payments on time. Chase provides a variety of payment options that include online transfers, automatic payments, and mobile banking, making it easier to stay on top of your payments and avoid any potential setbacks.