Good Ways to Avoid Late Fees
Aron Roberts: “One of the better ways to avoid situations where credit card issuers impose late fees is to obtain a credit card from your bank or credit union, *if* it can automatically pay your full balance (or minimum payment, if you prefer) directly from your checking or savings account. My modest-sized community credit union, for instance, automatically deducts my full balance each month shortly before the payment due date. (Better yet, their Visa Gold card – with a $20 annual fee – pays a cash rebate of 1% on all purchases.) It’s worth checking with one’s bank or CU to see if they offer such an automatic payment option, as well as to check on the features of any credit cards they may offer. Sometimes the best credit card could be right under one’s nose!”
John Carr: “Since I get ballistic when I get late charges, I arranged to have my balance paid in full automatically. Citibank offers 3 options: pay in full, pay the minimum, pay a set amount each month. I have every utility and monthly charge paid automatically from my Citibank credit card where possible — for the frequent flier miles — or else from my checking account. So the only balance I have to watch is the checking [to be sure there’s enough to pay off the card balance in full each month]. Just call your credit card, utilities, newspaper deliverer, cable, etc and tell them you want automatic payment.”
Quote of the Day
This 'telephone' has too many shortcomings to be seriously considered as a means of communication. The device is inherently of no value to us.
~Western Union internal memo, 1876Search
Request email delivery
Recent Posts
- Feb 25:
Texas and Mars - Feb 24:
Caste Feedback - Feb 23:
What Time Is It On Mars? - Feb 22:
National Margarita Day! - Feb 19:
Is This Anything? - Feb 17:
Octopi, Part II - Feb 17:
Octopi On Ecstasy, Arachnids On Acid - Feb 15:
Two Really Important Things - Feb 14:
Trump Wins 43-57; Selling and Buying PRKR; Schools - Feb 12:
Read This Book
- Feb 25: