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A comment on U.S. credit card debt jumps 18.5% and hits a record $930.6B. Parent comment

Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B by commandlinefan on Friday February 03, 2023 @12:59PM (#34645145)
It also doesn't (seem to) take into account how prevalent credit cards as a method of payment have become - for whatever reason, most of the companies I owe money to would rather I let them debit my credit card each month (and pay CC transaction fees) than send me a bill and let me pay them with online bill pay. My credit card bill is astronomical every month, but that's because all my bills are on it, and I just pay the balance every month.
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Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B by manigandham on Friday February 03, 2023 @01:34PM (#34645766)
Online bill pay (initiated on your end) is usually just paper checks and occasionally ACH transfers, both of which take time and are annoying to deal with, so of course they don’t like it.
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Re:U.S. credit card debt jumps 18.5% and hits a record $930.6B by mrguyorama on Friday February 03, 2023 @01:33PM (#34645741)
They prefer auto-pay type setups because refunds are easier to prevent than squeezing a payment out of a non-payer.
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