By Tanya
For the majority of Americans, credit card bills are simply a part of life. Having a good line of credit is something that people in today’s society need, whether they like it or not. You have to have good credit to buy a car, qualify for a mortgage and to make any other major purchase. Having your credit card applications approved is the easy part. Even those who have less than stellar credit scores can get approved if they apply with the right lender. The main issue that card holders, both high and low risk, run into is making payments.
With the rush hour times we live in it is easy to let making payments slip your mind. When this happens it can ruin the good credit that you have built, so it is time to learn ways to automatically pay credit card bills with zero hassle.
The top way to make credit card payments with ease is to set up automatic payments. There are two ways to go about this.
Automatic Payments Through Your Financial Institution
Since the Internet has become the center of the world for a majority of people, paying bills has changed dramatically since this technological advancement. Many people no longer use snail mail to pay their bills, credit card or otherwise. Almost any type of bill you have, and almost every company, offers the option to pay your bills online. Credit card payments can be made online either as a one-time payment or as recurring payment. All you need to do to pay your bills online is contact your bank or credit union to set up an online banking account. This takes just a few moments and is not complicated in the least. In addition to this being a sure way to ensure that you credit card bills are paid on time, certain financial institutions offer online bill pay customers various perks for signing up for the service. Perks can include the following:
- Lower banking fees
- Contest entries
- Cash back
Automatic Payments Through Credit Card Companies
As with automatic bill pay through your financial institution, your credit card company likely offers the same service. The typical process is signing onto your credit account online and checking the option that allows you to automatically pay credit card bills. Once you set up this automatic option you can schedule the date in which you wish your payments to be posted. Most companies allow you to choose from automatic payment of the minimum amount due, the ending balance or another specific amount. Once you do this your bill will be taken out of your checking account each month in the amount that you have specified. For instance, even if your average monthly minimum payment per month is $20, you can choose to automatically pay $50 per month through this service option.
Most major credit card companies have this option, so if it is possible for you to do so, make the switch to automatic payments. No matter how responsible you are when it comes to making your bill payments on time, you are human and things will sometimes slip your mind. Automatic payments are the best way to ensure that your bill is paid on time, every time.
Leave a Reply