@Anonymous wrote:Driving yourself insane aside, a number of banks really don’t like you to pay multiple times a month. It can be a huge red flag honestly. Just wait for your statement or set up autopay.
Why is a huge red flag if you pay multiple times a month? I do this all the time because it helps me keep better track of how much money I actually have in my bank account. I don't PIF EVERY time a balance posts, but I will PIF multiple times throughout the month.
Personally, I usually pay my cards once a week, if not once every 2 weeks. This way, I don't spend too much time hunting and looking at each charge and also don't drive myself nuts. I usually (sometimes) remember what I've purchased a couple days ago so with that being fresh in the head, I know what to expect. I'd suggest making a payment every 2 weeks. Just check in to see if the charges are correct and posted. No need to drive yourself nuts on pending charges.
@Anonymous wrote:
@Queen_Etherea wrote:
@Anonymous wrote:Driving yourself insane aside, a number of banks really don’t like you to pay multiple times a month. It can be a huge red flag honestly. Just wait for your statement or set up autopay.
Why is a huge red flag if you pay multiple times a month? I do this all the time because it helps me keep better track of how much money I actually have in my bank account. I don't PIF EVERY time a balance posts, but I will PIF multiple times throughout the month.
It may not be as much of a red flag to the credit card companies as it would be if I was I was reviewing someone’s account I guess. A pattern of paying off things as soon as they get charged on a credit account with a grace period could mean that the person struggles with money management and can’t actually budget their purchases, doesn’t have steady income so they pay off their purchases right away, or is stretched to the limit with a high DTI ratio and doesn’t want to fall behind.
Even if none of the above apply, when 99% of your card holders pay off in larger chunks or make a single payment a month, or definitely looks odd for someone to be making a payment every time they make a charge.
I swear I actually read about Amex being one of those issuers that doesn’t like multiple payments a month, in fact reading about that earlier this year was part of my factor in deciding to cancel my Amex card that had a slap in the face SL that would have required me to make multiple payments a month to get the SUB and keep reported utilization low.
Whatever works though I guess. I certainly wouldn’t want to be on the opposite end of an account review having to explain my odd payment patterns when, for example, trying to recon a CLI denial though.
Ok I guess I can see your point. I'm going to try and not make multiple payments on my AMEX anymore. They only gave me a SL of $500, but I was assured that my account wasn't in their version of the credit steps program. I asked for a CLI on the 61st day and was denied. So I'm just going to make one large monthly payment each month on that card. I use it for gas and groceries, so the $500 limit doesn't give me much wiggle room. I spend about $200-$300 in groceries/month and about $60/month on gas (thank you new Civic!). I used to spend over $100/month on gas with my old car.
AMEX is just fine with multiple payments. Heck, they let you pay five times in a day. 
And when they introduced Pay It, they stated that one of the reasons for the feature was the popularity of paying multiple times per month.