Can You Pay Bills With a Credit Card?
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Is It Possible to Use a Credit Card to Pay Your Bills?
Household utility bills Subscription services Fitness memberships Cable and internet Cell phone Car insurance Medical bills Taxes
When It May Not Make Sense to Use a Credit Card to Pay Bills
Pros of Paying Your Bills With a Credit Card
Earning points or rewards Many cards offer reward points that can be used for cash back or travel. Generally, how credit cards work is that the more you spend, the more points you rack up. As a result, putting your recurring bills on your credit can help you earn valuable rewards faster. Reaching your sign-up bonus requirement Some of the best credit cards offer a sign-up bonus promotion that allows you to earn a large number of extra points or a cash reward if you spend a certain amount on your card within the first three months. Putting your bills on your credit card could help you meet that spending minimum and reap those rewards. Convenience If you use your credit card to place your regular bills on autopay, you won’t have to worry about remembering your payment due dates, and you’ll never accidentally miss a payment. You’ll also save time by not having to log onto your accounts to pay your bills or send checks through the mail each time. Easier expense tracking Putting your monthly bills on your credit card makes it easy to see how much you are spending on services each month. With all of your outgoing payments listed in one place, you won’t have to check multiple accounts to track your spending. What’s more, many credit card issuers will categorize your expenses and generate detailed spending reports, which can make budgeting easier. Consumer protections If a service provider overcharges you or continues to charge you after you cancel service, you can reach out to your card issuer and file a dispute. Your card issuer will typically refund your money, then investigate the issue on your behalf.
Cons of Paying Your Bills With a Credit Card
Types of Bills You May Be Able to Pay With Your Credit Card
How Paying Bills With a Credit Card May Impact Your Credit Score
Frequently Asked Questions
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