![]() ![]() Just make sure you have enough money in your bank account before the automatic payment goes through. This can ensure your bill is paid on time. The issuer can withdraw the minimum payment, the entire balance or a prespecified amount on a prespecified date. With automatic payments, you’ll ask your credit card issuer to automatically take money from your bank account to pay your credit card. Here are some ways to help you keep up with your credit card payment and use your credit card responsibly: But paying a credit card bill by the due date helps you maintain healthy credit and keep your credit card account in good standing. It can be easy to miss a credit card payment, especially if you’re juggling multiple bills every month. Strategies for making on-time credit card payments But keep in mind that paying only the minimum amount may leave you with interest charges on the outstanding balance-and may cost you more in the long run. Doing so can help you avoid late fees or penalty annual percentage rates (APRs). ![]() If you can find out when your card issuer reports your account activity, consider making at least a minimum payment before it’s reported as late. Paying off your entire balance lowers that ratio even more and can help you avoid paying credit card interest.Įvery card issuer has its own reporting schedule, so it’s best to ask your issuer about its practices. Paying down your balance may help you improve your credit score because it lowers your utilization ratio.
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