Paying My Credit Card Bill Just Got Easier!


I’m such a nerd sometimes!

I just got excited that my credit card company introduced autopay.

I’m not even sure if I’m late to the party or not, I don’t care…

Why? Well now our finances are on 100% auto pilot!

See we use a credit card for 100% of our purchases. I used to have to go in every month to pay it off in full.

*Side-note: I am a firm believer that you should never pay interest on a credit card.  Do not use credit cards  unless you have the discipline to budget properly and control your spending.  Think of it this way, will you use a gun without a lesson? Would you go swimming without knowing how to swim?


When you pay your credit card off in full every month you avoid interest, but you also get the luxury of using the perks of a credit card.


What luxuries am I speaking of?


    • Unlimited miles and miles that never expire
    • Redeem miles for any travel expenses
    • 0% foreign transaction fees
    • Free extended Warranty
    • Free Purchase Security
    • 250,000 Travel accident insurance
    • Access to advance ticket sales
    • Auto Rental Insurance
    • Lost Luggage Reimbursement
    • Concierge Service
    • 0% Fraud Liability
    • 45 day grace period (The main reason you want to use the credit card)


Why is being on auto-pilot so important? It’s easier to stick to the game plan when things are on auto-pilot. You’re more likely to reach your goal and avoid mishaps.  I know we all like to think we will never forget to pay a bill, but why chance it?  Life is so much easier when you set and forget it.


Auto Pilot (AutoPay) is the new normal!


A good example of the benefits of financial autopay is how you pay your taxes. Imagine, if the IRS waited until April 15th before levying taxes on you. Most people would have an heart attack, but since taxes are levied per paycheck you can manage your tax liabilities a bit better. Of course the self-employed people are turning their noses up because they pay quarterly, but you get my point.

The same thing can be said for bills.  Autopay just makes your life easier

Everything should be on auto-pilot..especially retirement and savings, so why not bill payment?

For those of you, who are wondering what kind of credit card I use.  My weapon of choice is the Capital One Venture Card.

I even got this cool email for setting up the auto-payment:


We want to remind you that you have an AutoPay payment scheduled on MAY 25, 2012 for your Capital One® Visa Signature credit card. Remember, you have authorized the statement balance payment option.

If you make additional payments to your balance outside of your AutoPay series, your AutoPay payment amount may change because we won’t process a payment for more than what you owe. Should your balance be paid off in full on your scheduled AutoPay date, we won’t process a payment at all.

If you would ever like to edit or cancel your AutoPay service or this payment, just log in and update your AutoPay preferences.

Thanks for choosing Capital One.


What’s your credit card of choice and why?  Explain why you do or don’t autopay your credit card?