How To Activate and Deactivate Auto-Debit Facility On Credit Card
Managing credit card payments can be a pain, but with the right tools and knowledge, it doesn’t have to be! We’re here to help you navigate the world of auto-debit facilities on your credit card so you can stay in control of your finances.
What is Auto-Debit Facility?
Auto-debit facility is a feature provided by credit card companies that allows you to automatically make payments on your credit card. This feature is useful if you have recurring payments, such as utility bills, that you want to pay automatically each month. With auto-debit, you won’t have to worry about missing payments or paying late fees.
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Auto-debit is a fantastic feature that can save you time and money when paying bills. By setting up automatic payments, you can avoid late fees and ensure that your credit score stays in good standing. But how do you activate and deactivate this feature? Don’t worry, we’ve got you covered!
How to Activate Auto-Debit Facility on Your Credit Card?
To activate auto-debit facility on your credit card, you need to follow these steps:
- Log in to your credit card account online or via mobile app.
- Go to the “Payments” section and select “Auto-Pay”.
- Select the option to set up Auto-Pay and provide the necessary information such as the amount and frequency of the payment.
- Confirm the details and save the information.
Once you have completed these steps, your credit card payments will be automatically deducted from your bank account on the due date.
How to Deactivate Auto-Debit Facility on Your Credit Card?
To deactivate auto-debit facility on your credit card, you need to follow these steps:
- Log in to your credit card account online or via mobile app.
- Go to the “Payments” section and select “Auto-Pay”.
- Select the option to cancel Auto-Pay and confirm the cancellation.
It’s important to note that deactivating auto-debit facility may take a few days to reflect on your account. You should continue to make manual payments until the cancellation is confirmed.
Things to Keep in Mind
Here are a few things to keep in mind when using auto-debit facility on your credit card:
- Check your credit card statement regularly to ensure that the correct amount has been deducted.
- Make sure that you have sufficient funds in your bank account to avoid any late fees or penalties.
- If you have multiple credit cards, make sure to set up auto-debit for each one separately.
- If you’re not comfortable with auto-debit, you can always make manual payments each month.
Conclusion
The auto-debit facility can be a convenient way to pay your credit card bills automatically. However, it’s important to know how to activate and deactivate this feature to avoid any unwanted charges or penalties. Following the steps in this guide, you can easily set up or cancel an auto-debit facility on your credit card.
FAQs:-
Q. Is auto debit good for credit card?
Ans. Auto debit is a fantastic option for credit card payments. Not only is it a hassle-free and convenient way to stay on top of your payments, but it can also help you maintain a good credit score by avoiding late fees and penalties. With auto debit, you can set it and forget it, allowing you to focus on other things in your life without worrying about making payments on time. Just be sure to keep enough funds in your bank account to cover the payments and you’re good to go!
Q. Can we cancel auto debit?
Ans. Yes, you can cancel auto debit at any time. If you no longer wish to use this option for your credit card payments, you can contact your bank or credit card company to cancel the automatic payments. It’s important to note that you should give yourself enough time to cancel the auto debit before the next payment due date, so you don’t accidentally miss a payment. Once you cancel the auto debit, you will need to manually make your credit card payments, so be sure to set reminders or alerts to ensure that you don’t forget. Overall, canceling auto debit is a simple process, and you can always re-enroll in the future if you change your mind.