Autopay bills with credit cards for convenience and benefits, but watch out for late payments

From Yahoo Finance: 2025-06-22 17:01:00

Autopay allows bills to be paid automatically every month through a bank account or credit/debit card. Using credit cards for autopay offers convenience and benefits credit scores if paid off monthly. However, late payments can incur fees and hurt credit scores, impacting loan rates. Debit cards offer real-time financial standing, avoid debt accumulation, and can avoid some fees associated with credit cards. However, insufficient funds can lead to fees, and missed rewards compared to credit cards.

Read more: For Autopaying Bills, Should You Use Credit or Debit?