 TITLE: Is It More Important to Pay My Business Credit Card or My Personal Card? CONTENT: What Happens if You Don't Pay Your Personal Credit Card?\n--------------------------------------------------------\nJust like a business card, not paying at least the minimum payment on your personal card can have some major, and immediate, consequences. Penalties can apply after just one day and include a late fee, a penalty APR on new purchases or promotional 0% interest offers being rescinded.\nAs payments get later, consequences get more severe. When you start missing 30-day billing cycles, the issuer can note payments as delinquent on your consumer credit reports. After 60 days, the issuer can apply the penalty APR to your card's total balance, though it's required to revert to the original APR if you pay on time for six months after that.\nPersonal credit card accounts face the same collection and legal consequences as business accounts.\nWhat happens with your personal credit card affects only your consumer credit rating. But since lenders may check your consumer credit reports when you apply for business loans and credit cards in the future, your personal creditworthiness can still have business consequences. END