Chase Credit Card Autopay: Fill & Download for Free

Answers to such questions are often subjective. You should visit a credit specific forum for more detailed insights, anecdotes, etc. An example is Credit Cards.In general, too much of anything can be a bad thing. While some others have mentioned that you may lose track of your cards, and miss out on payments, in my mind it’s a simpler problem that can be solved by using one of many available tools: use a spreadsheet, use autopay from your credit cards’ website, use recurring payments from your bank, or use a software such as Mint: Money, Bill Pay, Credit Score & Investing.The more complicated problem comes with how lenders view your credit profile. A lot of it depends on your past behavior, spending patterns, and income. True, credit cards don’t have access to your income information (at least in USA), other than what you declare to them in one line of the application. In other countries, a credit card issuer may ask you to furnish proof of income, as do some US-based lenders for high credit limits sometimes. However, lenders of other varieties, such as mortgage, will ask for proof of income, and they often view too much available credit in relation to income as a sign of potential threat. While you have not screwed up yet, what are the chances that you won’t? And when you do, given you have a large amount of available credit, what if you cash it all out and then are in a debt trap?Credit card issuers look at another aspect. When you have too low credit limits, they are afraid that you’re not good enough for others, so why should they take the risk? When you have too many high limit cards, new lenders are wary that you won’t use their cards as much as they’d like. They don’t make money in interest from you anyway, and there’s this chance that you won’t give them a lot of transaction charges either!Then there’s the other risk for credit card issuers. What if you’re a churner? That is, what if you simply apply for a card, collect all the sign up bonus, then never use the card again (or sporadically). This is a reason why many credit card issuers are coming with new rules. Chase, for example, auto-denies your application for a majority of their cards now, if you have opened 5 or more new credit cards in the past 24 months. Citi, for example, doesn’t give new account bonus if you have either opened or closed a card belonging to the same card family in the last two years.At very high total exposures, even credit card companies look at total available credit like mortgage companies. AMEX will ask for your tax returns when you ask for high credit limits above a certain threshold. Chase may tell you that you have too much open credit with Chase, and you’ll need to reduce some of the existing credit lines or move them around before you get a new card. Some other lenders may simply decline you or give you a low limit because of too much credit exposure.Now, the chances of all this happening is lower for someone with a 830 score compared to someone with a 750. But, these are risk factors that lenders need to, and do, consider.

Yes, I have had Boost for many years. It is prepaid. I have Boost take my monthly $30 out of my credit card (autopay) because there are advantages:$5/month discountNever forget to payBank gives me 5% back on phone and utility bill payment (Chase Ink)

Here’s what I would do in the coming weeks if I were in your situation:First of all, try not to touch the IRA. It’s for retirement.Assuming your credit rate is good (which I hope it is), apply for a credit card with a no-interest balance-transfer option. Actually, apply for several in one day. Chase Slate Credit Card is the only one I know of that won’t charge you a 3% fee to draw the balance transfer. Apply for this card and a couple others that offer “no-interest balance transfer intro offers”. Look for the ones with the longest no-interest period, 1.5–2 years is a good deal.On each card, starting with the Chase Slate Credit Card, utilize the balance transfer offers to pay down your credit card debt that is currently charging you interest.With the $250 a month, open a Online Savings Account with Ally bank. This account yields 1% interest. Each month, deposit your $250 into this account and DON’T TOUCH IT.For the new credit cards that you have shifted the balance to, link these accounts to the savings account and set up autopay each month to pay the MINIMUM on each card.In your calendar, mark the dates that the balance transfer offers will end so you don’t miss them. This is very important.Over the next year, pick up a side gig: drive for Lyft (A ride whenever you need one) or Uber (uber), sell things in a garage sale, or whatever you can find in your area. Do that. Deposit all of the money into the same savings account.At the end of the period, take what you’ve amassed and pay off the credit card balances as they come due. If you get into a situation where you don’t have enough to pay off one of the cards as it’s coming due, circle to the top of this page and read the whole thing again.Good luck.