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Using credit card to pay bills

Using credit card to pay bills

 

Glossary

Can you pay bills with a credit card?

 

Nowadays, there are plenty of credit cards that guarantee huge bonuses of points, miles and cash back. Can you pay bills with a credit card? Yes you can, and actually the more you use your card, the more you’re going to earn, so it’s comprehensible if you’re contemplating using bank card to pay bills.

 

 

The most noticeable benefit of expending your credit card to remunerate your monthly bills is the rewards you could accumulate. Apart from rewards, the simplicity of using your card is just admirable.

Can you pay phone or electric bills using credit card?

 

Remembering to make numerous monthly payments is a bother for some people and by combining numerous bill commitments into one prevents charges relating from late or forgotten payments. Preserving old credit cards is usually good for your credit, but many vendors will decline cards that have gone unused for too long. Using a credit card to get points, miles or cash back on your monthly bill payments is recommended, but only if the rewards you earn overshadow the fees you might be charged. Even though many companies will permit you to pay what you owe with a credit card unrestricted, it’s not unusual to be assigned an “expediency fee” to recompense electric bill with charge card.

 

 

As most bills are usually paid through a bank account, its fair game for transaction fees to be calculated on monthly expenditures created with credit cards and you can also pay bills online with cards like sears credit card online bill pay. Usually, expediency fees are conveyed as a dollar amount per transaction. Can you pay phone bill with credit card? Paying phone bill with credit card could cost you an additional amount monthly, in fees. That sounds unimportant, but if you think of it as a percentage of the transaction, it becomes distinct that your rewards are getting annihilated.

The best credit card to pay bills

 

Below are some of the best credit cards you can use to pay bills:

 

 

Chase Freedom Unlimited Card

 

Offers you a 1.5% cash back on every purchase that you make plus a sign-up bonus where you are allocated a $150 cash bonus when you spend at least $500 within the first 3 months of account opening with an additional $25 perk in the event that you make your first buy and add a legitimate user to your account.

 

Blue Cash Everyday Card from American Express

 

It get a 3% cash back at supermarkets, 2% at filling stations and department stores, 1% elsewhere and up to $300 Sign-up Bonus. For instance, $1,000 purchases within 3 months, earns you $100 statement credit.

 

Fidelity Rewards Visa Signature Card

 

Offers a cash back credit card rewards of an unlimited 2% cash back on all purchases and currently having no sign-up bonus.

 

Chase Freedom Card

 

This card gives you 5% cash back in varying categories every three months and 1% on everything else. You can earn an additional $25 by adding a legitimate user to the account and making a purchase within the same duration.

 

Discover it Card

 

You get awarded 5% cash back in varying categories every quarter, 1% on everything else and double cash back your first year.

 

Discover it Chrome Card

 

You earn 2% cash back on all gas and dining bills, and 1% on everything else and double cash back your first year.

 

Capital One Quicksilver Card

 

Offering 1.5% cash back on all purchases, $100 sign-up bonus with a perk of having the 10th ride free with Uber. Earn $100 when you make $500 worth of purchases, 3 months after opening your account.

 

Evidently, determining whether to pay a monthly bill with a credit card depends on how much you’re able to receive in rewards with your card relative to what you’ll pay in fees. Even if you don’t collect recompenses with regular monthly expenditures, you’ll be able to accumulate points, miles or cash back on a lot other acquisitions.