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Credit cards can be a convenient way to pay. You can purchase whatever you need with just a tap or a swipe—in person or from your couch. And, if you’re hit with a large, unexpected expense like a car repair, paying with a credit card can allow you to spread out repayment. The key part of successfully managing your credit card is your repayment strategy. Follow these tips to manage your monthly credit card payments with ease.

Schedule Your Payments

Paying your credit card on time every month feels great, has a positive effect on your credit score and saves you from paying late fees. That’s a triple win. And, by scheduling them ahead of time, you can ensure you won’t need reminders or miss a payment. Most banks and credit unions have systems that will allow you to set up automatically recurring payments. That means you can set up your account to automatically pay the same amount at the same time each month. You only need to set it up once, and then you can relax knowing you’ll be staying on track with your payments.

Pay More Than the Minimum

Did you know you can save on interest by paying off your whole balance each month? By paying in full each month, you’ll avoid carrying a balance, which means you won’t pay interest. No matter what your interest rate is, any percent of zero is … zero, right? But, what if you’re unable to pay the whole balance?

If you need to spread out your payments, the next best option is to pay more than the minimum payment shown on your statement each month. Why? Because the more you pay each month, the faster you’ll reduce your debt and the less interest you’ll pay. Best of all, you’ll have more money in your pocket to spend where you want.

Our credit card payoff calculator allows you to try different factors like payment amounts or goal date for payoff, so you can see what it will take to reach your repayment goal.

Change Your Due Date

If you’re like us, you probably find it easier to pay your credit card bill on time if the due date falls just after you get paid. So, what do you do if your bill is always due at a time when you have the least amount of money available?

Most credit card companies will allow you to switch your regular due date to a more convenient time in the month. We suggest setting your due date to a day or two after your pay day. That way, you’ll be more likely to avoid late fees and racking up extra interest charges, and it will be easier to budget for the rest of the month. Check the back of your credit card for the customer service number. It’s worth a call to find out if your credit card company offers this option.

Consider Staggering When You Pay Your Bills

Your credit card bill likely isn’t your only financial obligation. Other bills like housing payments, insurance, phone, streaming services and other expenses are also due on a regular schedule. Although some people like to pay everything at the same time so they only need to remember to pay bills once a month, others find that staggering when they pay bills means their account doesn’t take a big hit all at once. Using this method, you could pay some bills at the beginning of the month and some in the middle or even pay some each week. There’s no right way to do it. The important thing is to pick a schedule that makes it easiest on your budget.

Make Your Due Date Work for You

We’re committed to helping our members successfully manage their finances—because our members are our mission. If you have a credit card with us and would like to change your due date, we can do it for you. Just give us a call at 1-888-842-6328. We’re here 24/7.

This article is intended to provide general information and shouldn't be considered legal, tax or financial advice. It's always a good idea to consult a tax or financial advisor for specific information on how certain laws apply to your situation and about your individual financial situation.