topic Re: How do you pay your NFCU CC's and other CU CC's in Credit Cards

How do you pay your NFCU CC's and other CU CC's

TheFIGuy — Wed, 22 Apr 2020 06:59:29 GMT

I'm curious how the other myFICO members pay the popular NFCU CC's and other CU's who do not allow auto-pay for their CC payments. NFCU, in particular, doesn't even allow Billpay eBills from any external financial institutions—(FI).

NFCU was my main (FI) for some time until I switched to Charles Schwab—(CS) for Investments and Banking needs. It's just more simplistic to have my Investments and banking at one (FI) and being able to transfer funds between accounts instantly. Also, CS has been excellent with customer service and even reimbursed my $14 Wire Transfer fee charged by NFCU to transfer my Checking funds to CS.

In a past thread I was heavily thinking about getting the NFCU Flagship—(FS) credit card but have since decided against it due to the payment limitation imposed by NFCU. I get the reasoning but da** it makes it difficult to pay the bill when you either (i.) have to log in and initiate a payment manually or (ii.) set up a manual payment for (x) amount every month that has to be over $5.00 and cannot easily pay the statement balance.

NFCU gives out MASSIVE SL/CLI but if you don't bank with them I personally see it as a hassle to use them as a daily driver backup for my AMEX trifecta. I'm a "set it and forget it" type of guy.

How do you guys feel about CU's not allowing auto-payments in 2020?

BONUS: Suggestion for CC that fits well with an AMEX trifecta for everyday spending when AMEX isn't accepted. I'm looking for the catch-all VISA CC without FTF's and auto-pay features. I shop at Costco a good amount so Mastercard doesn't work . Added to another post to keep things simple.

Thanks, myFICO family!

Re: How do you pay your NFCU CC's and other CU CC's

Anonymous — Wed, 22 Apr 2020 06:24:32 GMT

You can pay with both internal NFCU accounts or external financial institutions. I pay my 3 NFCU cards from my Chase checking account. You just add your account number and routing number like any other credit card payment. Then make payment when ever you need.

I mostly use the NFCU app to make payments. Takes about 10 seconds.

Re: How do you pay your NFCU CC's and other CU CC's

TheFIGuy — Wed, 22 Apr 2020 06:27:32 GMT

@Anonymous wrote:
You can pay with both internal NFCU accounts or external financial institutions. I pay my 3 NFCU cards from my Chase checking account. You just add your account number and routing number like any other credit card payment. Then make payment when ever you need.

I mostly use the NFCU app to make payments. Takes about 10 seconds.

Yes, but you have to manually make that payment. So if you use the credit card as a daily driver you need to manually go into the NFCU account and make the payment on the due date or before. There is no way to "set it & forget it" like other (FI's). I'm totally aware I'm being picky and in no way saying NFCU isn't worth the CC. Just curious who else doesn't like this and also found ways around it.

Re: How do you pay your NFCU CC's and other CU CC's

Anonymous — Wed, 22 Apr 2020 06:28:57 GMT

I pay NFCU with pull payment from my 1stBank account.

I don't like autopay at all. Synchrony accounts get paid with push from 1stBank and all the rest of my accounts are pull payments from 1stBank.

Re: How do you pay your NFCU CC's and other CU CC's

Anonymous — Wed, 22 Apr 2020 06:29:57 GMT

@TheFIGuy wrote:
@Anonymous wrote:
You can pay with both internal NFCU accounts or external financial institutions. I pay my 3 NFCU cards from my Chase checking account. You just add your account number and routing number like any other credit card payment. Then make payment when ever you need.

I mostly use the NFCU app to make payments. Takes about 10 seconds.
Yes, but you have to manually make that payment. So if you use the credit card as a daily driver you need to manually go into the NFCU account and make the payment on the due date or before. There is no way to "set it & forget it" like other (FI's). I'm totally aware I'm being picky and in no way saying NFCU isn't worth the CC. Just curious who else doesn't like this and also found ways around it.

You actually can set autopay, you just can't do it for the minimum or statement balance which is weird but you can do recurring exact amounts from an external FI.

Re: How do you pay your NFCU CC's and other CU CC's

Anonymous — Wed, 22 Apr 2020 06:32:03 GMT

10 seconds a month doesn't really bother me.

Re: How do you pay your NFCU CC's and other CU CC's

TheFIGuy — Wed, 22 Apr 2020 06:33:42 GMT

@Anonymous wrote:
You actually can set autopay, you just can't do it for the minimum or statement balance which is weird but you can do recurring exact amounts from an external FI.

Yes, but that statement balance can be different and would change the recurring exact amount for me personally. This is from my understanding at least.

Re: How do you pay your NFCU CC's and other CU CC's

Anonymous — Wed, 22 Apr 2020 06:33:56 GMT

This is a fixed recurring transfer from 1stBank to NFCU for example.

Re: How do you pay your NFCU CC's and other CU CC's

Anonymous — Wed, 22 Apr 2020 06:35:39 GMT

@TheFIGuy wrote:
@Anonymous wrote:
You actually can set autopay, you just can't do it for the minimum or statement balance which is weird but you can do recurring exact amounts from an external FI.
Yes, but that statement balance can be different and would change the recurring exact amount for me personally. This is from my understanding at least.

Right, it's not ideal at all for people who like set it and forget it autopay but people shouldn't be doing set it and forget autopay anyway but rather should use autopay for times they forget to make a payment. When you fully rely on autopay, you're putting a lot of faith in a number of electronic systems. People have been burned many times when one of those systems failed.

Re: How do you pay your NFCU CC's and other CU CC's

TheFIGuy — Wed, 22 Apr 2020 06:36:17 GMT

@Anonymous wrote:
10 seconds a month doesn't really bother me.

Lol, yeah I know but I'm a "what-if" person. I would be vexed if I was on vacation etc. and missed the payment. But I guess I'm the only one who finds this "annoying"

Re: How do you pay your NFCU CC's and other CU CC's

Anonymous — Wed, 22 Apr 2020 06:39:01 GMT

@TheFIGuy wrote:
@Anonymous wrote:
10 seconds a month doesn't really bother me.
Lol, yeah I know but I'm a "what-if" person. I would be vexed if I was on vacation etc. and missed the payment. But I guess I'm the only one who finds this "annoying"

You're far from the only one who is bothered by it. It's one of the only things people criticize NFCU for with their credit cards. While it doesn't personally bother me, I also am perplexed why they don't have the feature.

Re: How do you pay your NFCU CC's and other CU CC's

TheFIGuy — Wed, 22 Apr 2020 06:39:05 GMT

@Anonymous wrote:
@TheFIGuy wrote:
@Anonymous wrote:
You actually can set autopay, you just can't do it for the minimum or statement balance which is weird but you can do recurring exact amounts from an external FI.
Yes, but that statement balance can be different and would change the recurring exact amount for me personally. This is from my understanding at least.
Right, it's not ideal at all for people who like set it and forget it autopay but people shouldn't be doing set it and forget autopay anyway but rather should use autopay for times they forget to make a payment. When you fully rely on autopay, you're putting a lot of faith in a number of electronic systems. People have been burned many times when one of those systems failed.

Very valid point! I budget and I'm very aware of my finances I just like "auto-pay". Also, I NEVER recommend people setting up auto-pay on the due date. All my auto-payments are (3) business days before the due date to ensure any miscommunications can be resolved in 24-48hrs.

Re: How do you pay your NFCU CC's and other CU CC's

TheFIGuy — Wed, 22 Apr 2020 06:43:34 GMT

@Anonymous wrote:
You're far from the only one who is bothered by it. It's one of the only things people criticize NFCU for with their credit cards. While it doesn't personally bother me, I also am perplexed why they don't have the feature.

I believe NFCU and other CU's who disregard implementing this simple feature are simply saying you "will" bank with us or you will make manual payments for our CC's. Especially NFCU who gives out LARGE SL/CLI on their cards.

Re: How do you pay your NFCU CC's and other CU CC's

Brian_Earl_Spilner — Wed, 22 Apr 2020 06:45:43 GMT

My payments are large enough that I don't have a minimum due so I just go in and pay it whenever.

Re: How do you pay your NFCU CC's and other CU CC's

Anonymous — Wed, 22 Apr 2020 06:48:39 GMT

@TheFIGuy wrote:
@Anonymous wrote:
You're far from the only one who is bothered by it. It's one of the only things people criticize NFCU for with their credit cards. While it doesn't personally bother me, I also am perplexed why they don't have the feature.
I believe NFCU and other CU's who disregard implementing this simple feature are simply saying you "will" bank with us or you will make manual payments for our CC's. Especially NFCU who gives out LARGE SL/CLI on their cards.

Yeah I don't really think that NFCU is a big fan of autopay anyway. If you're in the app, it sets up an exact dollar amount autopay from their accounts too. You have to go to the website and do some digging in the calendar to get the autopay options to show.

Re: How do you pay your NFCU CC's and other CU CC's

TheFIGuy — Wed, 22 Apr 2020 06:55:44 GMT

@Anonymous wrote:
Yeah I don't really think that NFCU is a big fan of autopay anyway. If you're in the app, it sets up an exact dollar amount autopay from their accounts too. You have to go to the website and do some digging in the calendar to get the autopay options to show.

Yeah but all (FI's) are fast to mark (30) day late or high utilization if you miss a payment by an accident. I'm just trying to prevent that (1x) accident and BOOM (30) day late and (60+) point drop.

Re: How do you pay your NFCU CC's and other CU CC's

Gmood1 — Wed, 22 Apr 2020 08:56:58 GMT

@TheFIGuy wrote:
@Anonymous wrote:
10 seconds a month doesn't really bother me.
Lol, yeah I know but I'm a "what-if" person. I would be vexed if I was on vacation etc. and missed the payment. But I guess I'm the only one who finds this "annoying"

You're absolutely "NOT" the only one that finds this annoying. It is the #1 reason why my Navy CC's see very little use.

Large SLs isn't the only reason a FI should be considered great. That's just IMHO though. lol

Having around 70 active accounts. I'm a true test dummy or testament that autopay works exactly like it's supposed to if you keep money in the account that pays the bill. My payment history has been absolutely spotless since getting into the credit game. I owe that to autopay.

It's extremely rare to see a post on MF where the member gets dinged for having autopay initialized. On the other hand, I see members dinged all the time for making a late payment because they forgot and didn't have autopay set up.

Re: How do you pay your NFCU CC's and other CU CC's

TheFIGuy — Wed, 22 Apr 2020 09:36:59 GMT

@Gmood1 wrote:
You're absolutely "NOT" the only one that finds this annoying. It is the #1 reason why my Navy CC's see very little use.
Large SLs isn't the only reason a FI should be considered great. That's just IMHO though. lol

Having around 70 active accounts. I'm a true test dummy or testament that autopay works exactly like it's supposed to if you keep money in the account that pays the bill. My payment history has been absolutely spotless since getting into the credit game. I owe that to autopay.

It's extremely rare to see a post on MF where the member gets dinged for having autopay initialized. On the other hand, I see members dinged all the time for making a late payment because they forgot and didn't have autopay set up.

Yeah I love NFCU for the auto-loans and they have some excellent customer service but auto-payments are a basic function that prevents late charges on a person's credit. One (30) day late could really HIT home for someone with perfect credit history as it weighs heavier. I mean the perfect storm could be you absolutely have the funds to pay a bill and forget because of a pandemic and then other creditors take this as you're about to default and AA your butt. Probably way to dramatic but that's how I think!

Due to no auto-payment, I have unfortunately sock drawered my two NFCU CC's for now. I researched deep in the forums and it's been a "thing" with NFCU from the dawn of times. I created another post to see what cards others recommend that have auto-payments to compliment my AMEX Trifecta. Hopefully, it gets some traction.

Happy to see I'm not the only one, I wholeheartedly agree "Large SLs isn't the only reason a FI should be considered great. That's just IMHO though. lol"

Re: How do you pay your NFCU CC's and other CU CC's

NRB525 — Wed, 22 Apr 2020 09:50:56 GMT

@TheFIGuy wrote:
@Anonymous wrote:
Yeah I don't really think that NFCU is a big fan of autopay anyway. If you're in the app, it sets up an exact dollar amount autopay from their accounts too. You have to go to the website and do some digging in the calendar to get the autopay options to show.
Yeah but all (FI's) are fast to mark (30) day late or high utilization if you miss a payment by an accident. I'm just trying to prevent that (1x) accident and BOOM (30) day late and (60+) point drop.

You should be logging in to every CC account at least once per month, a few days after the statement is available. This is a minimum required contact level, because a CC is a living financial product that has the potential to bite you. If one does not want to spend this time, then probably best not to have the card.

In that log in session, you set up any necessary payment for the card. PenFed also does not have a good autopay system, but it's not complicated to catch up to.

Finding a 30-day late on an account takes nearly two months to achieve because it has to be 30 days after that payment was due, which is ~25days after the statement cut.

Re: How do you pay your NFCU CC's and other CU CC's

Jnbmom — Wed, 22 Apr 2020 10:03:21 GMT

Speaking of pet peeves. BMO harris even though you pay your bill, it will still display payment amount due, which drives me crazy. I was checking my accounts this evening and went to check on them, for a moment I thought i didn't pay but I realized I did the day after statement cut.

I really wish they would fix that though..............................................................................................