What Happens If I Don't Pay My Bank of America Credit Card?
Quick summary Detail Value Grace period (interest) ~25 days after statement (purchases only) Late fee Up to $40 Penalty APR Up to 29.99% (varies by account) Credit reporting 30+ days past due reported to bureaus Account restriction Within 30–60 days past due Account closure / charge-off ~180 days past due Source verified May 2026 How Bank of America credit card billing works Bank of America issues a wide range of consumer credit cards (Cash Rewards, Travel Rewards, Premium Rewards, BankAmericard, Customized Cash, and various co-brand cards). All BoA consumer credit cards follow the same general non-payment rules. ...