5 ms·

Sorry but how is this dangerous? You don't have your credit cards on autopay? I regularly verify what transactions show up across my cards and you have 30 days

by vecinu 6y ago

Sorry but how is this dangerous? You don't have your credit cards on autopay? I regularly verify what transactions show up across my cards and you have 30 days to dispute anything. 10+ years and I never had an issue.

RandallBrown 6y ago
I don't actually auto pay any of my credit cards. I keep my checking account balance intentionally low and often run into times where paying off my cards would overdraft me. I don't think it's all that crazy of a thing to do, I just don't do it.
- ryandrake 6y ago
  Same here. I carefully plan my bill paying schedule so as to never go below zero in my checking account. Sometimes that involves deferring payments until the next paycheck. With AutoPay I give up that ability to schedule exactly when the money goes out. Additionally, I like to review every bill I pay to make sure it makes sense. I've had to dispute bills in the past that were unexplainably incorrect by $10, $20, sometimes close to $50, and if I had them on AutoPay I probably wouldn't have even noticed it.
  - deleted 6y ago
    [deleted]
- ogre_codes 6y ago
  Every card which I've owned has allowed an option to autopay the minimum payment. This way you don't have to deal with accidentally missing a payment which can be quite costly. That said, the real solution here is to not spend more than you can pay off. Every time you carry over your balance, it's a big win for the credit companies. If you get to the end of the pay period and your card balance is greater than your checking balance, then you lose.
throwaway0a5e 6y ago
Some people use their CC as an accounts payable. It acts like a buffer to give you time to dispute BS nuisance charges.
coliveira 6y ago
I don't autopay credit cards. I only do this for accounts that have fixed value and require little overseeing, e.g., car payments. Any of my credit cards are payed only when I review the amount and make the decision.

by vecinu 6y ago

RandallBrown 6y ago

I don't actually auto pay any of my credit cards. I keep my checking account balance intentionally low and often run into times where paying off my cards would overdraft me. I don't think it's all that crazy of a thing to do, I just don't do it.

ryandrake 6y ago
Same here. I carefully plan my bill paying schedule so as to never go below zero in my checking account. Sometimes that involves deferring payments until the next paycheck. With AutoPay I give up that ability to schedule exactly when the money goes out. Additionally, I like to review every bill I pay to make sure it makes sense. I've had to dispute bills in the past that were unexplainably incorrect by $10, $20, sometimes close to $50, and if I had them on AutoPay I probably wouldn't have even noticed it.
- deleted 6y ago
  [deleted]
ogre_codes 6y ago
Every card which I've owned has allowed an option to autopay the minimum payment. This way you don't have to deal with accidentally missing a payment which can be quite costly. That said, the real solution here is to not spend more than you can pay off. Every time you carry over your balance, it's a big win for the credit companies. If you get to the end of the pay period and your card balance is greater than your checking balance, then you lose.

throwaway0a5e 6y ago

Some people use their CC as an accounts payable. It acts like a buffer to give you time to dispute BS nuisance charges.

coliveira 6y ago

I don't autopay credit cards. I only do this for accounts that have fixed value and require little overseeing, e.g., car payments. Any of my credit cards are payed only when I review the amount and make the decision.