The mission of the Department of Defense is to provide the military forces needed to deter war and to protect the security of our country. The department's headquarters is at the Pentagon. Get the latest DoD News products delivered to your inbox.
Worse, late payment may cause you to forfeit some or all of the rewards you've accumulated. By the time your account is 180 days late, i.e. you've missed six payments, the card issuer will typically charge-off the account, writing it off as a loss. The charge-off goes on your credit report and stays for seven years.
Your credit card processor will be able to give you an answer to the question how long does it take to receive my money from a credit card transaction. The usual answer is âwithin 24 to 48 hoursâ. That timeframe can be affected by certain factors like how often and what time of the day you batch out your sales, but 24 to 48 hours has for many years been the industryâs standard answer to the question âWhen do I get my money from a credit card sale?â.