I was thinking today as this month my credit card bill statement is higher than usual where I will have to transfer funds in the four figure range to pay it off. That\u2019s not a big deal as I do have the funds for it. However, the cut-off date to actually pay it is the first week of next month. So one option I could do is simply transfer the funds as close as possible to the cut-off date so that I can continue to earn interest with the funds for the time being.<\/p>\n
The other part in me just wants to simply pay it off so that it is dealt with as I personally hate having large bills lying around. However, I usually do this strategically with the credit card. For example, if I am doing a big purchase and my cut-off date for the monthly billing is today then I would usually put it on the next day so that the charge won\u2019t have to be dealt with for a long time. When it comes to actually paying the bill though I feel like procrastinating it is a little risky as you never know what could happen.<\/p>\n
Example, I could make a payment on time at the last minute but for whatever reason it takes the bank longer to transfer the funds. As a result, it counts as a late payment. I suppose it really depends on the amount too. I think the incentive to delay would be higher if it was like a $10,000 credit card bill as an example.<\/p>\n","protected":false},"excerpt":{"rendered":"
I was thinking today as this month my credit card bill statement is higher than usual where I will have to transfer funds in the four figure range to pay it off. That\u2019s not a big deal as I do have the funds for it. However, the cut-off date to actually pay it is the […]<\/p>\n","protected":false},"author":1,"featured_media":8992,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[5],"tags":[217,6039,2839,21,1286],"class_list":["post-7501","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-management","tag-credit-cards","tag-delayed-payments","tag-last-minute","tag-money","tag-payments"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/www.al6400.com\/blog\/wp-content\/uploads\/2017\/02\/drone40.jpg","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p6VnHC-1WZ","_links":{"self":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/7501","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/comments?post=7501"}],"version-history":[{"count":2,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/7501\/revisions"}],"predecessor-version":[{"id":7505,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/posts\/7501\/revisions\/7505"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media\/8992"}],"wp:attachment":[{"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/media?parent=7501"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/categories?post=7501"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al6400.com\/blog\/wp-json\/wp\/v2\/tags?post=7501"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}