What happens if I miss a payment on my Macy's Credit Card?

If you miss a payment on your Macy's Credit Card, there are a few consequences you should be aware of. Firstly, a late payment fee may be charged to your account. This fee amount varies depending on your outstanding balance. Additionally, missing a payment could result in an increase in your APR (Annual Percentage Rate), which means you will pay more in interest on your balance. It's important to note that late payments can also negatively impact your credit score. Therefore, it's crucial to make your payments on time to avoid any penalties and maintain a good credit standing. If you're unable to make a payment, it's recommended to contact Macy's Credit Card customer service to discuss potential alternatives or payment arrangements.