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Obviously a question primarily for entertainment, but I am curious if anyone has made daily payments, or close to it.
I definitely not daily, but have done weekly.
@BallBounces wrote:Obviously a question primarily for entertainment, but I am curious if anyone has made daily payments, or close to it.
ummm 1! But I've only had credit cards for 42 years, so that could possibly double in the future, but I not sure why it ever would.
I generally make payments weekly -
I like to treat my CC's like a debit card, and thus I really dislike seeing my balance be somewhat high on each card at the end of the month.
Not sure if creditors care, but ususally every Saturday I login and PIF.
Do you think they care I make around 4 payments each month, rather than 1 larger payment?
Thanks.
I do four payments every month. I divide my monthly "free spend budget" by four and hold myself accountable to the weekly amount.
Just makes it easier for me visually to see each week start at zero.
I make near daily payments on a 6k limit.
We charge over 6k/month on it so I log in and pay off the balance every night.
Sometimes I miss a day or two, so it's around 15 payments a month.
I got into cc strictly for mortgage journey. You don't want too know how often I was paying the low $500 card and it was hard for me to even leave few percent util for the pure sake of getting my scores up. I treat my cards like cash and money that's budgeted already so I still pay as frequently as possible. When I got the Venture card I swiped so much right away and paid as soon as it posted.
2.
The biggest benefits of CC are (1) cash/points back and (2) free float. IMHO, if you don't maximize both of these, then you're using the CC wrong. So generally, I make ONE payment, close to the due date. The only times that I accidentally paid twice in a billing cycle is when I changed my payment due date. It went something like: I changed it from 27th to 21st, and the statement didn't the cut next month since they want the cycle to be at least a full month. It felt weird not making a payment at all for over a month, so I made a small payment in between.
PIF one time per cycle a couple of days before the due date. Don;t see the point in doing it any other way.
ETA: When the statement cuts, I schedule a PIF 2 or 3 days before the due date.
With the Discover Bank double checking rewards promo that's been going on since May, I push payments to all my active cards about 15 times per month. Sometimes a card will get 2 payments in a day if one came from Serve/Bluebird too. I don't screw with Amex though... 1/week max is all I have the guts to do.
Obviously do not try this where payments get mailed as a physical check. All quiet electronic payments, no human eyes on the accounts, and it seems to work fine.