28 Degrees Auto Payment after Each Transaction?

Related Stores

Latitude Financial

• 

  Gunther on 23/01/2015 - 13:46

  +1

  Wouldn't it be better to pay monthly and keep the cash in your offset or high interest savings account until then?

  No benefit in paying per transaction.

• 

  retiredfeline on 23/01/2015 - 13:48

  +1

  I doubt if any financial institution would offer this, there's overhead in processing a DD.

  If you are going to pay right away, why not use a debit card. Unless you are trying to get the price match warranty.

  • 

    Domingo on 23/01/2015 - 15:00

    +1

    Unless you are trying to get the price match warranty.

    Pretty sure he's after the price protection insurance. It costs x% (2.5% off the top of my head) of the statement balance (closing balance?) each month. If statement balance is $0, ie everything paid off before then, the insurance effectively becomes free.

    • 

      RockyRaccoon on 23/01/2015 - 15:15

      +3

      I would say you have nailed it with that comment.

      And given they don't want you to pay it off quickly. so they can gain the fees, I think the likelihood of 28 degrees implementing something like this is zero degrees.

      • 

        j5ive on 23/01/2015 - 16:26

        Thumbs up. Yep this is why.

        Also I dont use the 28d card often so I often forget to pay it before months end.

      • 

        retiredfeline on 23/01/2015 - 16:27

        @j5ive: So set up a DD and you can forget.

      • 

        j5ive on 23/01/2015 - 17:09

        @greenpossum:

        And get charged for the insurance

      • 

        retiredfeline on 23/01/2015 - 17:11

        +1

        @j5ive: So sad, can't have it both ways. :P Set up a reminder in your calendar then.

      • 

        j5ive on 23/01/2015 - 17:19

        @greenpossum:

        Calendar schmelder ;)

• 

  mskeggs on 23/01/2015 - 15:14

  NVM

  • 

    Baysew on 23/01/2015 - 18:05

    +1

    NVM

    That's a new one for me, had to look it up.