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Bill Pay w/Credit Card Do You or Don't You

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370Z
Frequent Contributor

Re: Bill Pay w/Credit Card Do You or Don't You


@Open123 wrote:

@hutchj wrote:

Perfect. I just saw the warning for the cash advance fee, and I figured I'd ask you because you have experience. I really just want to pay my carnote with it, I'm okay with my student loans coming from my account because I get a discount for it coming out automatically.


I can't speak for other cards, but I can say definitively there's no cash advance fee for using Citi, US Bank, Chase or Discover.  For the $250, I'd recommend loading it in 3 installments.  Sometimes, I'll use different cards just to mix and match.


Just curious but what is the benefit of loading in 3 installments?

EQ8 817 (2/24) EQ9 850 (1/24) EX8 837 (3/24) EX9 842 (3/24) TU8 819 (3/24)
Chase_Hyatt|10k|15.24%|6/13 * Amex_Hilton|10k|13.99%|8/13 * Chase_IHG|10k|15.24%|1/14 * Chase_Ink$|12k|13.24%|5/14 * NFCU$|46k|9.65%|12/14 * Amex_ED|10k|12.99%|1/16 * Citi_Custom$|45k|15.24%|4/16 * Merrill+|68k|12.99%|2/17 * Amex_BB+|10k|15.24%|3/18 * PenFed_Pathfinder|29.4k|12.74%|9/18 * WF_Autograph|25k|16.99%|7/19 * AODFCU_VS|22k|7.49%|4/20 * Chase_Ritz_Carlton|48.5k|15.99%|10/21 * Amex_BB$|42k|13.24%|8/22 * Redstone_FCU_VS|10k|12.00%|6/23 * C1_VX|30k|14.74%|1/24
Gone: CSP, AA x3, Ink+, Premier, CSR, CFU, CF, AARP, Limitless
Message 41 of 43
Open123
Super Contributor

Re: Bill Pay w/Credit Card Do You or Don't You


@370Z wrote:

@Open123 wrote:

@hutchj wrote:

Perfect. I just saw the warning for the cash advance fee, and I figured I'd ask you because you have experience. I really just want to pay my carnote with it, I'm okay with my student loans coming from my account because I get a discount for it coming out automatically.


I can't speak for other cards, but I can say definitively there's no cash advance fee for using Citi, US Bank, Chase or Discover.  For the $250, I'd recommend loading it in 3 installments.  Sometimes, I'll use different cards just to mix and match.


Just curious but what is the benefit of loading in 3 installments?


Nothing really, except for ease since the monthly maximum is $250, and per day maximum is $100.  It's easier for me to just divide it equally, as opposed to $100, $100, and $50.

 

I've learned that it's best to avoid even round numbers, but I'm sure it isn't relevant in this case.  

Message 42 of 43
370Z
Frequent Contributor

Re: Bill Pay w/Credit Card Do You or Don't You


@Open123 wrote:

@370Z wrote:

@Open123 wrote:

@hutchj wrote:

Perfect. I just saw the warning for the cash advance fee, and I figured I'd ask you because you have experience. I really just want to pay my carnote with it, I'm okay with my student loans coming from my account because I get a discount for it coming out automatically.


I can't speak for other cards, but I can say definitively there's no cash advance fee for using Citi, US Bank, Chase or Discover.  For the $250, I'd recommend loading it in 3 installments.  Sometimes, I'll use different cards just to mix and match.


Just curious but what is the benefit of loading in 3 installments?


Nothing really, except for ease since the monthly maximum is $250, and per day maximum is $100.  It's easier for me to just divide it equally, as opposed to $100, $100, and $50.

 

I've learned that it's best to avoid even round numbers, but I'm sure it isn't relevant in this case.  


Gotcha, I forgot about the $100 daily maximum. I'll be setting up an account tonight.

EQ8 817 (2/24) EQ9 850 (1/24) EX8 837 (3/24) EX9 842 (3/24) TU8 819 (3/24)
Chase_Hyatt|10k|15.24%|6/13 * Amex_Hilton|10k|13.99%|8/13 * Chase_IHG|10k|15.24%|1/14 * Chase_Ink$|12k|13.24%|5/14 * NFCU$|46k|9.65%|12/14 * Amex_ED|10k|12.99%|1/16 * Citi_Custom$|45k|15.24%|4/16 * Merrill+|68k|12.99%|2/17 * Amex_BB+|10k|15.24%|3/18 * PenFed_Pathfinder|29.4k|12.74%|9/18 * WF_Autograph|25k|16.99%|7/19 * AODFCU_VS|22k|7.49%|4/20 * Chase_Ritz_Carlton|48.5k|15.99%|10/21 * Amex_BB$|42k|13.24%|8/22 * Redstone_FCU_VS|10k|12.00%|6/23 * C1_VX|30k|14.74%|1/24
Gone: CSP, AA x3, Ink+, Premier, CSR, CFU, CF, AARP, Limitless
Message 43 of 43
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