Chargesmart now part of...

[Wolfeyy]

Chargesmart now part of...TIO family. Direct link: http://corporate.tionetworks.com/tio-networks-acquires-chargesmart-com/

I am happy for this. I frequest use this site to pay my car note w/ CC and rack up cashback which pays that balance down effectively having the bank then pay for their own card every now and then. Also, since Im now able to use my discover which houses my higherst limit. I wont get cashback(Now that big of a deal now though) but the car will be paid off faster and Insurance will go down. Then, I can start my journey for a house and be in debt all over again.

Anyways, Now they will have access to more billers and have a stronger foundation to site on. Im excited for this. 

[RonM21]

Lol, I learn something every day. Didn't even know this existed.

[Anonymous]

My utility bill only accepts Visa/MC but comes with a $1.50 fee per transaction.

Still able to net some rewards even with the fee.

Tio gives the option of using Amex or Discover, but comes with a much larger fee:

$5.99 for payments $175 or less

$7.99 for payments over $175

$11.99 for payments over $275

No way I'll be using Tio's service since their fees just thwart any possible rewards.

[Wolfeyy]

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@RM21 wrote:
Lol, I learn something every day. Didn't even know this existed.

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Yeah. Its been around for awhile. I learned of it not to long ago as well.

[Wolfeyy]

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@Anonymous wrote:

My utility bill only accepts Visa/MC but comes with a $1.50 fee per transaction.

Still able to net some rewards even with the fee.

Tio gives the option of using Amex or Discover, but comes with a much larger fee:

$5.99 for payments $175 or less

$7.99 for payments over $175

$11.99 for payments over $275

No way I'll be using Tio's service since their fees just thwart any possible rewards.

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Yeah. A lot of people here feel the same. It just varies with everyone case I suppose. Me personally. I can look pass the fees. I see it as the more I spend, the more I get back so I just think of the fee as part of the purchase. But what really takes it for me is that Im paying for my car 3-4 months ahead at a time and then paying my card down that same month and a half. So Im very ahead. Im paying a small fee to save a couple thousand on my loan. Ive done the math so this type of thing works for me. EMMV. The car will be go in a year if I keep it up. However I agree with you as well. I probably wouldnt bother with this site and its fees either if I wasnt making a large consistant payment that accrues interest.

[Anonymous]

I am assuming that your card has 0% interest or a lower APR than your car note, otherwise I fail to see how this is beneficial. The only way this makes financial sense is if you are saving more than the fee

[Wolfeyy]

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@Anonymous wrote:

I am assuming that your card has 0% interest or a lower APR than your car note, otherwise I fail to see how this is beneficial. The only way this makes financial sense is if you are saving more than the fee

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Correct it does. But even so, It gets paid down that month none the less.