What happens if you make a late payment on a Capitol One credit card?

The terms vary depending on the type of credit card, but Capital One always charges a late fee for late payments. A late payment may also cause an interest rate hike or the forfeiture of any rewards points.

The fee charged for a late payment ranges up to $35 and is a set amount for each type of card. Payments that are more than 60 days late can trigger an increase in the card's interest rate, but Capital One must notify the cardholder of this in writing. Capital One may also remove any rewards points, rebates or miles earned during the period for which the payment is late.