subject: Paying Your Bills Using Your Credit Card [print this page] Paying Your Bills Using Your Credit Card Paying Your Bills Using Your Credit Card
We all know how convenient it is to use credit cards for shopping. There is another way that credit cards can make life more convenient for you though, and this way is most often called direct debit or automatic payment.
Direct debit or credit card automatic payment is simply a way for you to pay your bills by charging them to your credit card. This payment method is very convenient because, once set up, it allows you to pay your bills automatically every due date. This means that you do not have to worry about forgetting to settle your bills on time since everything is charged to your card automatically. This is especially handy if you set up direct debit for several bills. Instead of having to remember the different due dates of each bill, you just have to remember your credit card bill's due date.
Direct credit is a feature or service that the best credit card companies offer. Note that this service usually comes as a standard feature, and is often managed online. This means that if you want a credit card that will allow you to do direct debit, you need to choose a card according the standard online service features that the bank or credit card company offers. This also means that you need to open or enrol for an online account so that you can manage your credit card accounts, including the bills payment or direct debit. This should not pose a problem since online card services are also almost always free.
If you do opt to take advantage of the benefits that direct debit brings, it is important to make sure that you understand the responsibilities that go along with it. Your primary responsibility is, of course, to pay your credit card bills on time. If you do not pay your credit card bill on time, you will not only get late fees for your balance, but you could also end up going over your credit limit by the time the next batch of bills are due to be debited from your credit card. This will cause additional problems since you'll end up with even more fees such as over the limit charges on your credit card, and late fees on your other bills. Another responsibility, which has already been discussed, is to keep track of your credit limit. Make sure that there is always enough credit on your account to ensure you don't run into any problems. If you have too many bills, apply credit card direct debit features only to the bills that are most crucial in terms of not missing the deadline, so as to avoid going over your limit.
