While paying off credit card bills may seem like a daunting task, it’s actually pretty simple stuff if you just get yourself organized. Make a plan to guarantee you have the minimum payment required each month and pay your bill on time. However, there are many credit card payment options, so here’s how to pay credit card bills.
Paying Your Bill On Time
If you’re one of those people who don’t set aside money each month to make at least the minimum payment required for your credit card bill, it’s time for a change. Did you know that your credit card payment history makes up nearly 35% of your credit score?
This means that making payments on time is essential when trying to build good credit. If you miss your payment thinking your problems will just go away, think again. Missing a payment cannot only cost you more in the long run but also damage your credit score at the same time. Do yourself a favor and make sure you’re paying your bill on time each month.
Make Sure You Have Enough Money
While it’s a given that you need to have enough money each month to pay off your credit card bill, you’d be surprised how many people miss this step when trying to get out of debt.
If you have strong self-discipline and a good handle on your overall checking account, you can simply make sure the required amount on your credit card bill is in your bank account when payment day rolls around. If you’re someone who lacks self-discipline and finds yourself spending your entire paycheck in the space of a week, it’s a good idea to transfer your minimum payment required to your savings account each month to make sure the money’s there.
Making sure you have enough money to pay off your credit card bill each month isn’t something you should chance. Do yourself a favor and set up an autopay from your checking account to your savings account the day after payday for the amount you want to pay. This way you won’t have the temptation to spend money you don’t have. Find out more credit card payment strategies by clicking here.
Paying Credit Card Bills Online
The easiest way to make sure your credit card bill is paid off each month is by setting up autopay online. Even if you don’t want to use autopay, most bank accounts let people transfer payments to their credit card companies with ease each month either through web-based banking or through apps.
Paying Credit Card Bills On The Phone
If you prefer to take the old fashioned approach, you can always opt to pay your credit card bill via the phone too! All you have to do is call the number on the back of your credit card. They will usually ask you for your bank account information in order to make the transfer. This is a good backup option if you find yourself without WiFi.
Paying Credit Card Bills With Cash
Some credit card companies also accept cash payments deposited at an ATM or local bank branch. The majority of credit card companies have eliminated this payment option so it’s important to check before banking on it.
Pay Your Credit Card Bills With Ease
While paying off credit card bills may seem scary at first, it’s actually a fairly simple job those in debt must do each month. All you have to do is make sure you have enough money to meet your minimum payment required each month (ideally more if you can!) With multiple ways to pay your credit card bills, there’s no reason why you can’t get yourself organized to make sure this easy life task is handled each month. If you’re wondering how to pay credit card bills, this is all it takes!