Sorry to hear about your closure @tgwells . That definitely sucks. I also came to suggest the AFCU cash rewards card. It's a great alternative to Chase Amazon, which does fall under 5/24 (that's why I went for this one). And it's not a store card, which means you can get rewards for plenty of other purchases as well.
Chase Amazon gives similar 5% cashback. You may use it instead of Synchrony.
Fico8: EX~EQ~TU~840 (12 month goal~850).
@Loquat wrote:
@W261w261 wrote:The average user has no idea of how fragile their banking relationship really is. Your situation is a perfect example. You made big payments, but were, ok, careless about the autopay and the closed account. Synchony tries twice, no deal, POW you're outathere! The punishment really doesn't fit the crime, from your point of view. But from theirs, with a hearty dose of paranoia built into the system, what else could be lurking behind that account that won't take a $29 charge? They say computers have no imagination, but those people never met an UW/programmer.
To me, autopay is a bomb just waiting to explode in your face. If you're going to play it close, spend some time asking yourself "What can possibly go wrong here?" Your autopay situation had a couple answers ready for that question. In another thread, the OP described a situation in which he arranged a payment to hit I gather the next day, based on immediate credit for a deposit he made the current day. His bank had always made funds available, but this time for some reason there was a short hold. His payment was returned NSF, and he was a bit flumoxed, and worried. Same question: "What can go wrong?" The answer is right there for the asking.
I equally have a situation where autopay save my relationship with several lenders.
Many years ago I was in a car accident where I rolled my vehicle. The short of the long is that I was in the hospital for a while and my wife had more pressing things to tend to in the immediate than what cards I used, logins, and passwords.
Thankfully all of our cards are set to autopay the minimum. This allowed my wife to focus on what was really important at the time versus trying to get bits and pieces of information from me in between me waking just long enough to click the button on my morphine drip.
This is the exact reason I have autopay setup. Even though I keep a close eye on my accounts, and sometimes pay my accounts more than once a month, life happens. And if I'm incapacitated for some reason or forget to check one of many accounts, that autopay will save me from a derog that will take years to recover from. I've already been down that road before, and I'd rather not revisit.