Various credit card companies now offer auto bill settlement programs. You might want to inquire to your credit card provider if they support such service and which institutions they cover.
Applying for such service differ from company to company as some banks would require you to fill-up a form and submit through fax while some would be almost painless and only require you to call. In addition to this, you may also have to give your credit card details, and some information on the institution that you'd like to pay to such as your subscriber account number. The approval process for the enrollment would typically take 2 to 4 weeks.
Advantages of Auto Bill Settlement Programs
Easy Tracking of Bills - No more missed payments! Well... It still depends on you. If you're so stubborn and don't track your due date then you'll still miss your payment. The thing is you can simplify things... You can save time and do more important things with your extra time.Single or Cashless Transactions - If you're also paying your credit card through online banking or issuing checks then you could make this a cashless transaction. If not, then you still get the benefit of doing only a single payment transaction.
Earn Rewards or Bonus Points - Most credit card companies give points to their loyal customers. You can use these points for free purchase or discounts depending on the terms set by your credit card provider. However, do not make this the sole reason why you would want to enroll to such services as you are sure to get into trouble later on. Like I'm demonstrating now, use your credit card sensibly and responsibly.
If you've tried this kind of service before then I would like to hear your story. Perhaps you could share a few points that we should avoid?
Filed Under:
Bill Settlement
Credit Card
Practical Money Tips



We pay our Meralco bills through BPI expressonline since it is very convenient than going to the Meralco center or bayad center.
Hi Gil,
Yep, online payment is definitely more convenient. As with Autobill settlement programs, you can even make it simpler by managing them all into just one bill. With online payment, you can still miss payments as you have different due dates but with autobill systems, you only have one due date. The cons are of course, you get interest and finance charges if you fail to pay.
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