Autopay Is Making Us Worse at Managing Credit-Card Bills

Re:Autopay Is Making Us Worse at Managing Credit-Card Bills by oh_sigh on Monday October 09, 2023 @01:41PM (#37823050)

I used to review charges, and it was always a pain. I know where I shop and don't shop, so if I see a charge for a place I don't shop, it is clearly fraud. But, a lot of fraud happens where you shop(because that is where people may have access to your card). That is, I gas up at Shell, but did I really gas up 23 days ago?

Now, I have a text message/app notification come through immediately whenever there is a charge > $0.00 (chase at least supports this). Reviewing immediately, and then knowing that all charges are real at the end of the month, has been a real pleasant change in that workflow.

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Re:Autopay Is Making Us Worse at Managing Credit-Card Bills by pertique on Monday October 09, 2023 @02:18PM (#37823432)

This is what I do, and I'm surprised that more people don't. It's trivial to clear text or email notifications when you make the purchase as they usually appear very quickly. Plus it makes it very easy to identify fraud.

Get a notification that your card was used at a gas station when you're in bed at 11pm and last filled up 5 days ago? Probably not legitimate. Plus, if you trust your CC company, it saves you from having to review your charges at statement close.

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