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Financial and Security NewsWednesday, April 25, 2007
AutoPay Credit Cards Today's rant is on how hard credit card companies make it to set up AutoPay or other form of automated bank payment of your credit card balance. It is very important to pay off your full balance of your credit cards each month, and automated payments from your bank account make this super easy. However, banks generally make you fill out a form, send it in and wait a few months. I recently found this out when I went to change my designated bank to make auto payments. They'd rather you miss a payment or just make direct monthly payments online. Still, it's worth the effort. You'll never miss a payment again, and it always gets pushed back to the last possible day. Labels: banks, credit cards, savings |
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