Dear Liz: In a recent column, you wrote that if a credit card due date falls on a banking holiday, the due date is moved to the next business day. I found myself in exactly that situation in November, because my due date fell on Veterans Day, and my credit card issuer refused to remove the late fee. It would be helpful if you would clarify exactly how due dates work.
Answer: Most of the provisions of the Credit Card Accountability Responsibility and Disclosure Act of 2009, including many of the new rules about due dates, don’t go into effect until Feb. 22. Some issuers changed their policies to implement the changes earlier, but others did not.
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