Cards that always take your autopay?

[K-in-Boston]

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@Anonymous wrote:

I'm shocked that Amex doesn't double dip. Has anyone noticed on their website when you want to pay you can't change the date? Its pay today or wait til the day you want to pay. I'm just paying through the bank. I wonder if that is COVID-19 related?

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For Amex?  I've scheduled payments on different dates for almost 20 years.  Am I missing something?

I micromanage my cash flow and my accounts, so I think of my existing system as more or less foolproof.  As soon as the statement cuts on any account, I schedule a payment immediately.  That gives me about 80 days or so before I could possibly become 30+ late.  If I were in a coma for longer than 80 days, I have larger problems.

[AverageJoesCredit]

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@K-in-Boston wrote:

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@Anonymous wrote:

I'm shocked that Amex doesn't double dip. Has anyone noticed on their website when you want to pay you can't change the date? Its pay today or wait til the day you want to pay. I'm just paying through the bank. I wonder if that is COVID-19 related?

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For Amex?  I've scheduled payments on different dates for almost 20 years.  Am I missing something?

I micromanage my cash flow and my accounts, so I think of my existing system as more or less foolproof.  As soon as the statement cuts on any account, I schedule a payment immediately.  That gives me about 80 days or so before I could possibly become 30+ late.  If I were in a coma for longer than 80 days, I have larger problems.

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Dont you mean Koma?🤕😷😴🤤

[K-in-Boston]

That totally should have said 60 not 80.  Not sure what happened there.

[Anonymous]

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@K-in-Boston wrote:

That totally should have said 60 not 80.  Not sure what happened there.

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I was trying to work out the logic there!

Anyway, has that changed your view?   80+ day coma is bad, but waking up after 63 days, and after "Where I am?" you ask "What's the date?" and then "Oh ******, I'm late on my credit card!"

[Stralem]

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@Anonymous wrote:

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@Stralem wrote:

Add FNBO and Discover to the list. Though I'm sure there are many, many more banks with an all-or-nothing approach to autopay.

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So Disco will double dip too? A few have said they don't. Maybe it's another Disco quirk. 😂 

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Yes they will. Had it happen to me a few times before I learned to let autopay handle things. I never set it to full balance or even statement balance, because like another poster stated, I choose to revolve balances on occasion. Plus I'm a micro-manager. A *lazy* one, mind you, but still... Autopay for me is just a safeguard should I ever forget to make a payment.

[K-in-Boston]

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@Anonymous wrote:

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@K-in-Boston wrote:

That totally should have said 60 not 80.  Not sure what happened there.

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I was trying to work out the logic there!

Anyway, has that changed your view?   80+ day coma is bad, but waking up after 63 days, and after "Where I am?" you ask "What's the date?" and then "Oh ******, I'm late on my credit card!"

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I think I was adding days from the start of the billing cycle until the 2nd due date.  😂 

No, my view has not changed.  But maybe I should change my will, though, and add "please pay Amex if coma persists for more than 25 days" in the final directives section.

[calyx]

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@K-in-Boston wrote:

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@Anonymous wrote:

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@K-in-Boston wrote:

That totally should have said 60 not 80.  Not sure what happened there.

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I was trying to work out the logic there!

Anyway, has that changed your view?   80+ day coma is bad, but waking up after 63 days, and after "Where I am?" you ask "What's the date?" and then "Oh ******, I'm late on my credit card!"

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I think I was adding days from the start of the billing cycle until the 2nd due date.  😂 

No, my view has not changed.  But maybe I should change my will, though, and add "please pay Amex if coma persists for more than 25 days" in the final directives section.

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Crazy responsible bill-pay micromanaging is why I picked who I did for my DPoA, so if I'm in a coma, it should be paid.   He can handle the bills.  I'll let the science friends handle the medical stuff   

[Anonymous]

I came across this with Capital One this month, but fortunately I suspected that it would so I wasnt surprised.  I had noticed that it still showed auto pay as pending even though I had already paid the statement balance earlier in the month.  I only have Amex and Chase and have never carried a Capital One card so it was surprising.  The Capital One card is my husbands.  I sometimes log in with his phone to pay it. I am our finances micromanager.  My husbands calls me 'the bookie'.  I almost called him out on paying from our joint account without giving me a heads up until I remembered it was the autopay.  I keep a low buffer in our checking account and have a running ledger/forecast in Excel for the current and next month.  

[Anonymous]

Hey @Anonymous ,

Great post for those that need it! You have a very good point about protecting your credit if something were to happen to you.

A few questions (and I apologize Mods if I go too far off track):

1) what is an ABLE account?

2) now that your bk7 is gone, are you going to apply for the FirstBank overdraft line of credit? That thing saved my rear several times.

[recoveringfrombk7]

@Anonymous I'm wondering if the discrepancies with Discover have to do with what sort of payment was made.

99% of the time I pay my statement balance right after the statement cuts.  With Discover I do not get hit again with my fail safe minimum payment autopay.  So maybe with some lenders they will hit you again if the first payment did not exhaust the statement balance, but otherwise will not.  But other lenders, such as Target, will hit you again if you have any balance at all.

Thanks for this thread.  I like to pay my accounts manually and have autopay on for the minimum as a fallback.  So this is helpful to me.