Website Pays Off Credit Card Balances As You Charge

November 28, 2016

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With the evolution of the Internet, it has become easier to pay your bills online.  However with all the web sites, different due dates and balances and the numerous swipes of your cards, it can be easy to miss a payment or become overdrawn in your bank account and that can hurt your credit rating.  Enter Debitize, a website that will use money from your checking account to pay off your credit card bill throughout the month.  Although it sounds like the services already available through your bank or other services, Debitize monitors your credit activity and through your own customization, immediately pay off your credit card balances.  So if you swipe your credit card for a $100 purchase, debitize will instantly pull $100 out of your checking account and pay off your credit card, so you never miss a payment.  Or pay off your credit card after you get paid or just before its due date.  You can also set it so that it only transfers money if your checking account has more than a certain minimum balance so it never overdraws your account by accident.   You can eve set it up to keep your credit card balances less than 30% of your credit limit, which is the recommended credit utilization ratio.  It's a nice safety net to ensure you never miss a payment, especially at this hectic time of the year.

SOURCE: Mental Floss

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