Adventures in Autopay
I recently got a new rewards credit card, and so I set up auto-pay on it just like I have for other cards. Naturally it takes a little time to get that set up, so the web site instructed me to continue to make my payments manually until I received notification that the automatic payment feature was in effect.
So I dutifully went online and made my payment. No problem there. And it went through fine yesterday morning. But um….
So did the very first automatic payment.
Did I mention that I elected to have my entire balance automatically paid from my checking account? And that I’ve been using the heck out of this card? My total balance was nearly $3300.
Now I did have a chunk of extra money sitting in my checking account for some odd reason (normally I barely have an extra dollar in there), but it sure wasn’t enough to cover two $3300 payments. There’s nothing quite like logging into your checking account in the morning and seeing a negative balance where you expected to see…money.
It turns out that I missed the notice on the final page of the statement informing me that my autopay payment would be drafted on such-and-such a date. Note: it really does pay to read the entire credit card statement, even after you think you’ve already read the important parts.
On the plus side, the autopay is definitely all set for next time! They will also be putting the duplicate payment amount back in my checking account, and they were nice enough to credit me for my overdraft fee, too.