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As you might have guessed with me running a website and blog, I like being online. I have been paying my bills online for nearly a decade. I signed up for one of the first online banks. I even pay my daughter’s preschool tuition through my online bank instead of writing a check. (Personal sidenote: My husband and I moved into our current house nearly five years ago and still have not gone through our old checks with our old address. So now we are even more stingy with writing checks because we want to see how long we can go before ordering new checks.)
I pay bills both through bank websites as well as individual company websites. Needless to say I have seen a lot of bill payment options. Yet none have upset me so much as to close my account until last week. I canceled my Wamu credit card. I basically got this card because you can see your credit score for free everytime you log in. I thought this would be a free way to monitor my credit instead of paying for a credit monitoring service.
Another reason I signed up for the card was because I already have other accounts at Wamu and thought I could see everything in one place. Well once I got the card, I found out that the credit cards are actually handled by another company and maintained on a separate website. When it came time to pay my bill I saw that I can’t pay my bill today. Actually I can, but it will cost me $15!!!
I have never had a credit card company penalize me for making a payment the same day. Yes, some have cut off times, but not a total restriction. Several let you pay until midnight of the same day the payment is due. After my second time of encountering this fee I decided enough is enough and canceled the card.
So my word of advice to you is to find out about your online payment options before you sign up for a credit card.
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