Two questions about credit cards and utilities …?
So my husband and I have a Capital One card that has already is a 1% or 2% back on all purchases, and then 25% back in the end of the year in accumulated cash at the time (in October sometime).
Also we are living paycheck to paycheck, so when the bills are due, I have to wait usually until the last days to pay and then pay online card debit cards, so I know when payments are going through, etc. My question is:
1) I can pay my bills (gas, electricity, cable, and other entities Credit-card circuit city and Menards) and only pays it off on the due date each month-21?
Question 2) How will it affect my credit, my limit is $ 2,500 in recent times and my accounts equal about $ 750 so I would load the card. Besides, I'm very good at budgeting, recorded it all my finances, debts, loans, penny, through Quicken, so please no "be careful with credit cards …"- My other credit card payments are made using a no annual fee credit cards for X amount of time. Thanks again and happy new year soon!
It should allow about 48 hours to receive a payment to be posted online. Therefore, they pay a couple of days before the due date. Your credit will not be adversely affected as long as you pay the minimum payment due on time. You sound responsible, but do not let your monthly bills are accumulated on the card, and pay in full at maturity.
I hope you are aware of the interest rate on balances carried over from those discount cards. "Someone has to pay these and the bank has a high return interest of those who carry a balance. Some of these rates are about 21% APR. About 2% per month.
Also consider this. The banks charge a fee% immediately of all card charges. These rates also accumulate "diary" of interest until paid. This is in addition to the fees charged by other creditors or distributors retail.
These fees can run in the neighborhood of 5%. If you are trying to get your payments down to a more convenient time each month, consider contacting your creditors. They understand these things and I'm sure it will work with you and adjust the payment due dates ..
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