The account is empty again and the due dates for the invoices are knocking on the door? The options are quite limited in the situation: you can either pay the bill on credit or try to postpone the due date; Of course, not paying the bill is not a good idea, so in practice, the alternative remains to compare the cost of paying on credit and deferring the due date.
Pay your bills by credit card
When your money is low, one option is to pay your bills by credit card. However, before whining about Visa, you should check how much your bank charges for paying your bills on credit, as this can be surprisingly expensive. Many banks charge you to pay your bills by credit, both as a fixed commission and as a percentage of your total bill. In addition, with some cards, the cost of paying on credit begins to increase immediately, so when paying bills, the non-interest bearing term for credit cards may not apply.
Before paying your invoice with a credit card, it is also a good idea to check with the invoice if it is possible to postpone the invoice due date. Unfortunately, not all billers agree to change the due date, and the costs of the transfer can be high.
If you’re having trouble paying your bills and managing your finances on a regular basis, you may want to read our tips for better financial management!
How do I pay my bill via credit card?
There are one or two ways to pay your bill on your credit card, depending on your card provider. Most all credit cards allow you to transfer money to your current account, after which you can pay the bill normally from your current account. In addition, some banks offer the option of paying the invoice directly through the credit side of the card.
Payment by credit card: price comparison
Do You Know How Much Your Own Card Provider Charges On Your Credit Card? We calculated the total cost of paying at $ 100 bill, paid for by different cards.
Credit Card Comparison Go for a comprehensive Credit Card Comparison
The compared rates are the charges specified by the banks for paying the invoice on the credit side of the card, if a separate price is indicated for the transaction. In other cases, the charge will be the money transfer price from the credit to the current account in Netbank.
Our comparison with Norwegian Bank does not charge a service fee for paying the invoice with the card. The downside, however, is the high interest rate on the card (19.9%), which will begin to accrue from the date of payment. Nevertheless, the card is the most advantageous in comparison, if the used credit is paid off within one month of the loan.
Our comparison shows, paying your bills with a card can be surprisingly expensive. Paying a single bill with credit hardly ever crashes, but the way to pay your bills with credit is by no means worth doing! For example, help with managing your finances can come from an easy three-point budget.