Holding Multiple Credit Cards? Share your payment strategy to avoid missed payments!!

[KLB@96]

I use google sheets . Just add all the cards I have and statement dates and payment due dates. Once I start receiving statement emails I pay the due one by one and then update as paid in the sheet.

 

[telescope]

I contacted axis bank and fought a lot with them to reverse that amount and Cibil missed payment report as this was there fault.

so axes reversed all fees and removed it from cibil also?

 

[AllThatStuff]

I use google sheets . Just add all the cards I have and statement dates and payment due dates. Once I start receiving statement emails I pay the due one by one and then update as paid in the sheet.

I also maintain an excel sheet to track payments of my 20+ cards.

For added security I have used colour codings…like 1 day before the due date, that card’s row changes to yellow colour….on the due date it becomes green…and after due date it’s red !!!

Also, I’ve incorporated formulas for credit limit utilisation, annual spends tracking to meet spends criteria for fee waiver for paid cards, etc. !!

Took lot of time & research…but made card management stress free !!

 

[KLB@96]

I also maintain an excel sheet to track payments of my 20+ cards.

For added security I have used colour codings…like 1 day before the due date, that card’s row changes to yellow colour….on the due date it becomes green…and after due date it’s red !!!

Also, I’ve incorporated formulas for credit limit utilisation, annual spends tracking to meet spends criteria for fee waiver for paid cards, etc. !!

Took lot of time & research…but made card management stress free !!

wow can you share the sheet with me ?

 

[DeadFella]

I also use an excel sheet to manage around 35 CC. I have listed them with colour codes and. Missed only a small single bill payment in 15 years of CC usage so far.

 

[Finchamp!]

I have called all my CC providers and made all their due dates the same. Keeping it simple!

 

[sjmajumder]

My monthly cc bills is around 4-5 lacs every month. Postpe gives 1k monthly.. Hdfc debit card gives 750 monthly. Then paytm around 300-400 using multiple accounts

How long does postpe take to credit money to cc? I used it few times but it took 3-4 days to get confirmation. Decided to stick to CRED for peace of mind. I always pay my bill on the due date using cred.

 

[anujdit]

I schedule NEFT for last payment date, whenever I received bill from bank

 

[Avishma1]

How long does postpe take to credit money to cc? I used it few times but it took 3-4 days to get confirmation. Decided to stick to CRED for peace of mind. I always pay my bill on the due date using cred.

Postpe is discontinued now. Now using SBI unipay to pay cc bills now using RBL signature debit card to earn rs. 1000 monthly vouchers and INDUSIND debit card which also gives similar rewards and idfc first debit card. Plus smal cashback from tide, Amazon pay, etc.

 

[sjmajumder]

I schedule NEFT for last payment date, whenever I received bill from bank

I used to do that long time back. Then these apps came with cashback and I switched.

 

[Oscar]

Postpe is discontinued now. Now using SBI unipay to pay cc bills now using RBL signature debit card to earn rs. 1000 monthly vouchers and INDUSIND debit card which also gives similar rewards and idfc first debit card. Plus smal cashback from tide, Amazon pay, etc.

Indus Exclusive Platinum DC isn't giving reward points on SBI Unipay, any others you may know?

 

[Credit_Cards]

Indus Exclusive Platinum DC isn't giving reward points on SBI Unipay, any others you may know?

Indusind is unreliable they sometimes give sometimes dont you never know

 

[rajcasio]

I schedule NEFT for last payment date, whenever I received bill from bank

I used to do that in SBI 2 years back.
When i accidentally found out that NEFT failed(no message) to make a CC payment it gave me a mini HEARTACHE
So i stopped using scheduled NEFT after that🙏

 

[cardio_guycardio_guy is verified member.]

I have kept the billing date for all cards between 12 - 16th (some banks don't allow to keep 12 th as the date their set of available date maybe 15th)

Last due date is always around 1st of next month.

I pay all the bills on 25th morning every month. (25th morning every month 15 mins is dedicated for bill payments).

 

[SplendorSuperman]

A U T O D e b i t

 

[kodiswaran]

I have set my credit card billing dates between the 14th and 17th of each month, making my due dates fall within the first week of the following month, from the 1st to the 5th.
As a salaried employee, my salary is credited on the second-to-last day of the month. Therefore, on the last day of each month, I pay all my credit card bills after my salary is deposited, and then I transfer the remaining funds to their respective bank accounts.

 

[shashank08]

I have set my credit card billing dates between the 14th and 17th of each month, making my due dates fall within the first week of the following month, from the 1st to the 5th.
As a salaried employee, my salary is credited on the second-to-last day of the month. Therefore, on the last day of each month, I pay all my credit card bills after my salary is deposited, and then I transfer the remaining funds to their respective bank accounts.

Similar strategy I also follow and it works well as you get message of salary credit and that message reminds me for credit card bills as well.. 😀😀
It is working well without any problem..

 

[da3m0n]

Similar strategy I also follow and it works well as you get message of salary credit and that message reminds me for credit card bills as well.. 😀😀
It is working well without any problem..

Mine is also similar, just that I keep it between 25th - 5th and then sit on weekend and pay all the bills.

 

[RAMESH BABU N]

My strategy is something like this.
I get my SBI Pension on 27th. SI from SBI to HDFC on 1st. Almost ALL our card bills (15 out of 16) are automated in HDFC BillPay. The lone exception is AMEX - I pay that via UPI-id of my AMEX card.

HDFC is not giving ANY card to me for the last 3 years. This is my way to take revenge on them. They do the dirty work of bill payments and pay 1% CashBack on top of it. I am very happy.

 

[hender]

HDFC is not giving ANY card to me for the last 3 years. This is my way to take revenge on them. They do the dirty work of bill payments and pay 1% CashBack on top of it. I am very happy.

"Quote of the day"☝️