By Rick
The way you make your monthly credit card payment has changed dramatically in recent years as the internet has allowed these lenders to become more flexible. The variety of credit card payment methods has never been more wide-ranging and allows you to stay on top of your obligations and keep your credit scores higher than ever before. Whether you sit down at the kitchen table every month to pay your bills or do it on your smartphone, there are many different ways you can make sure your credit card bills are paid on time.
Automation makes everything easier
With computers becoming widespread and access to high-speed internet in almost every home, many people pay their bills online every month. While this can certainly be done bill by bill, most people have started using simple budgeting programs like Quicken to track and pay their monthly obligations. This is fast becoming one of the most popular credit card payment methods used today because it makes things easy.
These programs allow you to automate these payments and track your income and expenses. You can see how your budget is fairing each month and ensure you always pay your cards and other bills on time. Some of the better programs can actually logon to each account for you and download the details of your bill. This is then available for you within the program so you can schedule the payment. These programs are also a great way to keep track of your interest and other fees you’ll need for taxes at the end of the year.
Using the credit card’s website
Another one of the credit card payment methods that is becoming very popular is the lenders website itself. In years past these sites were very crude and did little more than allow you access to your account and listed your billing information. Improvements over the years have allowed many of these sites to transform into full featured applications that not only allow you to schedule your payments through them but will also provide historical data on your cards. Many of the sites also allow you to categorize your purchases made on the credit card so you can better track your spending. Through the site you can schedule an automated payment monthly to be made from a bank account you authorize. This way you can be sure your payments are never late and save time by not having to login and make the payment manually.
Letting your bank take charge
Many banks have also upgraded their websites to allow their customers to pay their bills. These bank sites can synchronize with the various credit cards and other loans you have to provide an overview of your monthly obligations. Most of the bank sites also allow you to pay these bills automatically from a chosen account at the bank.
They operate very similar to many of the accounting programs people use to keep track of their bills but without the monthly charges. The advantage the bank site has over other credit card payment methods is that it lists all of your accounts in one place, making it easier to keep track of your finances.
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