“Save 15% Today” … and the Credit Card You Forgot About Later
I was reviewing a borrower’s credit report recently and noticed a couple of late payments that had pulled their score down more than they realized.
And interestingly, the late payments weren’t tied to their primary credit cards.
They were store credit cards.
You know the ones: “Open this card today and save an extra 15%.”
Honestly, many of us have opened one at some point for the discount.
But what often happens is this: Most people set up autopay for the credit cards they regularly use… while these store cards quietly get forgotten.
And then one small missed payment suddenly shows up on the credit report.
What surprises many people is how much impact a single late payment can have — especially when someone otherwise has strong credit.
And unfortunately, by the time we see it during the mortgage process, the score impact has often already happened.
A Few Simple Ways to Avoid This
- Review old or unused store cards periodically
- Set up autopay for at least the minimum payment
- Turn on statement/balance alerts
- Consider closing cards you truly no longer use (after discussing the impact with a professional)
Bottom Line
Good credit is usually built quietly — through consistency, awareness, and small habits repeated over time.
And sometimes, protecting your score is less about doing something complicated… and more about simply staying on top of the little things.
On a Personal Note
Alok and I will be leaving for Tanzania next week for a safari adventure, so there will be a short two-week pause in my Weekly Updates 😊.
But if anyone would enjoy seeing a few pictures or hearing about the experience, do let me know — I’d be happy to share.
Until then… take care of your credit cards.
And don’t hesitate to reach out — even if it’s just a quick question. No pressure. Just clarity.
The BankSouth Mortgage Advantage
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When you purchase your home with me at BankSouth Mortgage, you may be able to refinance later with no lender fees. This program offers flexibility as life changes, with the potential for savings when it matters most.
*One-time float down available on 45-120 day rate locks. Float down must be executed at least 15 days prior to closing and must be at least .125 improvement. **This offer may change or end at any time without notice. “No Lender Fees” refers to waived origination charges. Eligibility conditions apply. Subject to credit and property approval.
Blog post date: Wednesday, May 27, 2026
