Originally Posted by
ZeppoX
This is an excellent point, but I hope no one will make the mistake of thinking it is a file-and-forget approach because of three facts. One, due dates drift. Two, the minimum payment is a percentage with a floor amount, not a fixed amount. Third the terms for minimum payment can change.
If you initiate the auto-pay from the CC rather than from your bank you can avoid the drift and minimums issues. @:-)
And if you're only paying the minimums every month anyways then you are almost certainly making a mistake by using a rewards card of any sort.