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Jan 28

Advantages of Making Credit Card Payments Online

Making your credit card payments online is fast, effective and it will give you back more time in your day. More and more credit card companies are allowing their customers to pay their bills online. Not only is it convenient and more cost effective for the company but it is for the customers as well. Making your payments online has some excellent advantages. Here we take a closer look at the beneficial side of paying your credit card bill online (whether you have one or more than one).

Automatic billing can take the bite and the frustration out of paying your credit card bill. In this case you would set up your online credit card account in such a way that the payments would come out of your checking account every month. Keep in mind it is automatic which means that you choose the date on a monthly basis and you choose the amount that is to come out of your account. Automatic billing takes away the worry over late payments and it also means that you do not have to send a check to the credit card provider every time your bill is due.

Many credit card holders do not realize that the late fees that come with late payments can really add up fast and can end up finding their way onto your credit report. Future lenders who see that will view the late payments in a negative manner. It may impact your ability to obtain credit in the years to come.

Who does not want to save time and money all at once? The more credit cards you have the more money you will spend on envelopes and postage stamps on a yearly basis. For example you could save as much as $20 alone on just the purchase of stamps when you pay your credit card bill over the Internet. It also saves you money to pay your bill in this manner. There is no stopping to write a check or trying to find a mail box when you are out. For those who have large handwriting not having to write in the small spaces that a check provides is very welcome!

When you go paperless you are doing your part to help the environment. You are helping to conserve the trees that are used to make paper and you also help to reduce the waste that ends up in landfills. According to a study done by Javelin Strategy and Research and sponsored by the Wells Fargo Bank, if every household in the United States paid their bills online (that includes not just credit card bills but all other bills as well) then an estimated 18.5 million trees would be preserved yearly. As well approximately 2.2 billion pounds of toxic chemicals caused by the production of paper would not be released into the atmosphere and the waste in landfills would be reduced by as much as 1.7 billion pounds annually.

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