Making a credit card payment online is certainly more convenient than remembering to write and mail a check each month, but its also beneficial to the environment. A Javelin Strategy and Research study quoted in TIME magazine states that a full switch to electronic billing in each home would reduce greenhouse gas emissions by more than two million tons and would cut solid waste production by 1.6 billion tons each year (See References 1). In addition, paying online eliminates the risk that you will incur a late fee due to your payment being lost in the mail.
Visit your credit card provider’s website and set up an account if you don’t already have one. You will need to submit your email address and credit card information. If you aren’t comfortable setting up an account online, some credit card companies will set up the account for you over the telephone.
Log in to your new account using your email address and password. Select “Make Payment.” The system will prompt you to enter your banking information. Enter both your checking account number and your bank’s routing number into the spaces provided. Your checking account number and routing number are located on the bottom of each of your checks. Unless your banking information changes, you’ll only need to do this once.
Select the amount you wish to pay. Depending on your credit card company, you may have a list of payment amounts to choose from or the ability to type in the amount of each payment you make.
Select the date you want the credit card company to withdraw the funds from your checking account. You may make your payment immediately or schedule it for some point in the future.
Many credit card companies offer the option for regular, recurring bank drafts once you fill in your checking account information. When you select this option, your credit card company will automatically withdraw the specified monthly payment on any date you select.
Even if you submit a payment on the day that it is due, your payment could take several days to process–resulting in a late payment fee.
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