5 Reasons to Use Online Bill Payment


Credit Card Payments Allowed

Paying your bills with a credit card has a number of advantages. For one, think of all the travel miles you could rack up by using your airline-linked credit card to pay tuition and student loans! It also lends an extra layer of security to the payment process. And if you happen to be short on funds, using your credit card subtracts the worry about overdrafts from your checking account. You'll also be able to spot billing errors more easily if you're just looking at one credit card statement every month.

The best way to get started using your credit card for online bill payment is to go through your bank's Web site. If you already have regular online payments scheduled, just replace your bank account information with your credit card number. If you pay online directly through the biller's Web site, you'll need to replace any stored account information there with your credit card information. As always, though, be careful of your spending -- don't let the additional charges cause you to carry a balance and rack up unnecessary debt. And remember: Banks and merchants can usually obtain a new expiration date if your card has expired, but you should regularly check to make sure all your payment information on file is correct and current.