Does Auto Pay Prevent Credit Card Late Fees?

Ever wondered if setting up auto-pay for your credit card bills guarantees you'll never face a late fee again? This video from Ask Your Bank Teller cuts through the common misconceptions to reveal the truth about automatic payments and their effectiveness in preventing late charges. Here's what you'll discover about auto-pay and credit card late fees: ► Understanding how auto-pay works in relation to your statement due date and billing cycle. ► The critical factors that can still lead to late fees even with auto-pay enabled. ► Tips for setting up auto-pay correctly to maximize its benefit and avoid unexpected charges. ► How to monitor your accounts and what to do if an auto-payment fails or doesn't cover the full balance. ► The best practices for managing your credit card payments to maintain a perfect payment history. #AutoPay, #CreditCard, #LateFees, #PersonalFinance, #BankingTips