Way to automatically pay credit card more than monthly?

[AnneFu]

Hi - I'm looking for an app or some service that will allow me to either pay my credit card balance off immediately (like daily) or to make a payment when my card reaches a certain balance. Like a payment will be made whenever my balance reaches $500. Is that possible? I'm not finding anything online.

[Gmood1]

I'm curious if something like that exists. Is there a specific reason to pay a credit card daily besides the limit not being high enough to maintain a low utilization?

[AnneFu]

Hi - daily payments would be a bit extreme I guess. My issue is that I want to use my credit card for purchases but I don't want the balance sneaking up on me. I can of course go in and make payments manually but something automatic would be nice. 

[Kforce]

1) Many institutions have a limit on how many payments can be made a month.

    A couple of my banks have 4 payments max,

2) If you have online banking, "push" money from your bank or CU using

     the banks automatic payment features. (weekly or by-monthly)

3) Check where you are near payment date.

4) A fully automatic system could get you in trouble if there was

   fraud on a card and money was being pulled without your knowledge.

[Shooting-For-800]

I would never trust any program that auto pays anything.

Why not just PIF every Saturday or similar.

I make payments weekly,  I pay like 5 or 10 times my minimum or PIF as soon as statement cuts, then the rest is gravy.

[HeavenOhio]

OP, which card do you have? Knowing that would allow someone here to offer specific advice.

I believe some cards allow you to schedule multiple automatic payments per month. The trick would be knowing that they'd only pull toward your current balance and take less (or nothing) if you don't owe that amount.

[AnneFu]

In this particular case I'm talking about my Amazon Rewards Visa through Chase. I like the idea of using billpay through my bank to schedule payments. That might be an option.

[HeavenOhio]

The only options I see for Chase are to pay either the minimum or the full statement balance on the due date.

[manyquestions]

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@AnneFu wrote:

In this particular case I'm talking about my Amazon Rewards Visa through Chase. I like the idea of using billpay through my bank to schedule payments. That might be an option.

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Yes, your bank's billpay for a fixed amount based on your normal spend could work. I always want to look at the transactions before paying because I've had fraud on my cards a few times.  

[bourgogne]

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@HeavenOhio wrote:

The only options I see for Chase are to pay either the minimum or the full statement balance on the due date.

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never checked my biz site but the newish consumer site lets you pay whatever you want