Hi
I set up recurring payments (e.g. health insurance) on my credit cards and then will switch cards every ~1year for points.
I was wondering if people had strategies on how to easily change payment details to a new card. Each time I'm looking over statements hoping I catch them all.
How do other people manage this?
Is there a service that does this for you? E.g. you tell it to pay for your recurring bills and then which credit card to use after for that payment?
Thanks
Sniip does what you want, but has fees. Can pay any bill that has bpay details that don’t change. Set it up as a recurring payment and change cards when you get a new one. They also accept AMEX and Diners Club and you can rack up lots of points that way.
Deferit is similar, but splits payment into 4 and also has fees. Can pay any bill that has bpay, direct deposit or card payment details. Can even change card on a per payment basis, so can split the payments across cards. Visa/MC only.
Lastly, some (not all) credit cards are accepted by Revolut. Top up your Revolut account from the credit card but use the Revolut debit card to pay the bills. Not all bills accept prepaid debit cards however. Visa/MC only.
I use a combination of all 3.
Add one more, Bundll MC to pay everything, various CCs to pay off Bundll. VFF can be earned via Bundll, but at a low rate.
PayPal - register one card for all direct debits. And when the card changes - just change it on PayPal…
I’m yet to have a utility bill that I can pay through direct debit with PayPal? Or any insurances either that I can think of. Am I missing something, is there a round about way of doing it or..?
AGL does
Sydney Water too.
Thanks folks. Pretty small list so far though especially if you rotate through providers yearly to get the best deal.
Spreadsheet
This.
Sniip et al aside (since it has fees), and until everyone accepts PayPal, you just keep a list in a sheet and iterate through them each card change.
I churn ~5 cards a year and my sheet tracks anywhere the card is stored for DD or online payments. Name of the service, which card, and a link to the portal to change it. That and keeping your passwords in a password manager makes it all a breeze - 15 minutes on a weekend.
1 no annual fees card for direct debit stuffs.(not much)
The rest on churning card.
Happy to sacrifice some points for convenience.
Same
Citibank platinum (or whatever it was) free for life card is where all my usual bills go.
Churn card is for everything else (when churning cards)
This. Keep one stable free card for direct debits (mine is CBA ultimate as can put $2500 through it to avoid fee and still get some rewards), then the rest on churn and burn
Set your bills to be paid with bundll/Zip. When you get a new card, just update your payment method.
Out of curiosity - when you swap from a more premium card to the provider's no fee credit card, do they do another credit check?
Does it differ from provider to provider?
Thinking of getting a premium card with bonus points (with no annual fee for the first year), then dropping down to the no fee card before the 1 year is up
Subscribed!
Curious to see if there’s anything better than the method I use which is making a list in notepad (which always seems to grow)