How Do I Setup Autopayment for My MasterCard Credit Card?

When it comes to paying your bills every month, using the automatic payment option offered by many companies is possibly the most efficient way of keeping your finances in order. Autopayment, in a few words, is the permission you give a company with which you have a recurring monthly bill, to take the funds out of your bank account without you having to go through the payment process yourself. Choosing this option will give you some peace of mind while helping you avoid late fees since payment basically takes care of itself as long as you have enough funds to cover the bill. It also saves you from having to remember the due dates on all your bills every month, a nice relief when you live a hectic lifestyle.

With all of this in mind, you are probably wondering whether your MasterCard credit card offers this option and if so, how to set it up. The short answer to that question is a resounding yes. Mastercard does offer autopayment to its clients, and it's not too hard to set up, so let's take a look.

Setting Up Your MasterCard Autopayment Online

Setting up the autopayment option for your MasterCard credit card is easy. Simply log into your account and click on the payment tab. Once you are redirected to the payment section of your account, you can select the option to make automatic payments. You are given three payment options, as follows:

• Pay the minimum – Set this option to avoid incurring additional fees or if you don't want the full balance deducted from your account in one sitting. When you have a large outstanding balance, it may be better to choose a different option to pay off the balance sooner.
• Pay in full – When you use your card regularly for purchases, paying in full can prevent your debt from growing to levels you can't afford. This way your card's balance will be available in an emergency. Just make sure your bank account can cover the amount. Otherwise, you may be hit with overdraft and returned payment fees.
• Paying a set amount – This option can be a good idea if you don't want to pay the entire bill in one shot. Setting up an amount that is higher than the minimum can help you pay your debt sooner, especially when you have a large balance.

Can I Set An Autopayment for My MasterCard Any Other Way?

If you are leery about setting up autopayment for your MasterCard credit card online, you can give them a call and a representative will be more than happy to help you with the process.