It is human nature to find ways that help saving time spent on
routine chores. A very helpful measure for doing this comes by way of
making payments for normal household bills through the Internet. You
just need to set up a onetime arrangement for automatic payment of your
utility, telephone, entertainment and other household bills and forget
about writing checks every fortnight or month. Almost all vendors you
may be patronizing for buying products or services now give you the
option of making automatic payments.
Once you set up a plan to make automatic payment of your bills, every month the bills are automatically paid through your credit card or bank account on a predefined date,and your account is debited accordingly. All your regular bills, from telephone to car installment, can be paid in this manner.
Because of the benefits offered by automatic system of making payments, this mode of making payments is becoming popular by the day.
1. Convenience
When you choose to pay your bills automatically, you need not worry of bills pending payments or the due dates of paying the same. Once you set up the arrangement for making automatic payments, your credit card company or the bank takes care of the rest.
2. Rewards
A very important factor that motivates people to pay their monthly bills through travel reward credit cards is that they earn reward points for traveling. Depending on how frequently you are required to travel, you can earn considerable number of points and, at some point of time, you can enjoy a free trip to different parts of the country. In case you decide not to travel using the earned points, you can get some cash back.
3. Environment Friendly
When doing away with the writing of checks and paper money, you help keeping healthy environments. It helps saving paper and hence trees, and eliminates the carbon footprints caused by mail. Additionally, you need not buy stamps and postal stationery, and thus save money.
4. Improves your credit score
As you make arrangement to pay your bills automatically, the chances of failing to make timely payments are almost zero. Consequently, you come in the good books of the credit rating agencies. So, your credit score automatically gets raised to the next higher level.
5. Minimizes the chances of pilfering your identity
When you don't receive bills by mail and you don't make the payment of bills through checks and do the needful using your credit card, it reduces the likelihood of pilfering your identity. Of course, some element of risk is associated even when making online payments, but financial institutions have enhanced the security arrangements in place to safeguard the interests of their clients.
6. Money saving
Since you need not pay for check books, postal stamps and stationery and burn fuel for visiting the bank or post office, you save a considerable sum of money annually.
Once you set up a plan to make automatic payment of your bills, every month the bills are automatically paid through your credit card or bank account on a predefined date,and your account is debited accordingly. All your regular bills, from telephone to car installment, can be paid in this manner.
Because of the benefits offered by automatic system of making payments, this mode of making payments is becoming popular by the day.
1. Convenience
When you choose to pay your bills automatically, you need not worry of bills pending payments or the due dates of paying the same. Once you set up the arrangement for making automatic payments, your credit card company or the bank takes care of the rest.
2. Rewards
A very important factor that motivates people to pay their monthly bills through travel reward credit cards is that they earn reward points for traveling. Depending on how frequently you are required to travel, you can earn considerable number of points and, at some point of time, you can enjoy a free trip to different parts of the country. In case you decide not to travel using the earned points, you can get some cash back.
3. Environment Friendly
When doing away with the writing of checks and paper money, you help keeping healthy environments. It helps saving paper and hence trees, and eliminates the carbon footprints caused by mail. Additionally, you need not buy stamps and postal stationery, and thus save money.
4. Improves your credit score
As you make arrangement to pay your bills automatically, the chances of failing to make timely payments are almost zero. Consequently, you come in the good books of the credit rating agencies. So, your credit score automatically gets raised to the next higher level.
5. Minimizes the chances of pilfering your identity
When you don't receive bills by mail and you don't make the payment of bills through checks and do the needful using your credit card, it reduces the likelihood of pilfering your identity. Of course, some element of risk is associated even when making online payments, but financial institutions have enhanced the security arrangements in place to safeguard the interests of their clients.
6. Money saving
Since you need not pay for check books, postal stamps and stationery and burn fuel for visiting the bank or post office, you save a considerable sum of money annually.
