Did you know that you can pay your bills with a credit card? That's right!
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In addition to shopping, you can also use it to pay bills, for example, water, electricity and other bills.
So, keep reading this article and see:
- Benefits of paying bills with a credit card;
- What are the advantages and disadvantages;
- How to pay your bill with a credit card and receive a discount;
- How to pay your bill with a credit card and earn cashback.
What are the advantages of paying bills with a credit card?
Paying some bills with your credit card is ideal for times of need when you've lost some financial control.
This way, you can pay off your debt in installments that fit into your monthly budget.
This is advantageous because you will be able to organize your finances, avoid having problems with being listed as a defaulter and still be able to use your credit card.
Some digital wallets even offer discounts or cashback for bill payments made with credit cards, for example, PicPay and Mercado Pago.
Certainly, this practice is not well regarded by some people, but if used in times of urgency and to avoid accumulating debts, it can be a benefit.
Disadvantages
The disadvantage of this practice is the interest, in the case of installments. In other words, you will pay a higher amount than you would have paid before.
Depending on the institution and number of installments, the interest rates can be very high, even being very disadvantageous.
Therefore, it is important to do so in case of need, when there is no other option, otherwise, always pay your bills by debit.
Another disadvantage is that the credit you used to pay the bill will only be released once it has been paid, but that's the least of it.
Now, see below how to pay bills with your credit card at some financial institutions.
How to pay bills with a Mercado Pago credit card and get discounts?
It is worth noting that Mercado Pago does not have a physical credit card, in fact, this week the institution has already opened its waiting list to start releasing the physical credit card.
If you are interested in requesting it, open your app and see if the option is already available, look for the “Request credit card” icon, it should have a blue seal that says “New”.
Once this is done, you will be added to the waiting list, but be aware that you will undergo an analysis. It is important to have an active account and have your debit and virtual card activated.
When it comes to paying bills with a credit card, simply register a credit card or use your credit from Mercado de Crédito.
Select how to pay the bill, for example, “Tickets and taxes”, scan the barcode or type it in.
Afterwards, the payment option will appear, select the credit card or Mercado de crédito and see how many installments you want to pay in.
At this stage, the installment amounts with interest added appear. If you agree and see that it fits within your budget, just complete the payment.
Mercado Pago always launches campaigns that offer discounts to pay your bills, sometimes the discounts reach up to 20%.
The more you use the app to pay your bills, the more often these campaigns will be available to you.
Therefore, you will always be able to get discounts.
THEtake the opportunity to read also:
How to pay bills with a PicPay credit card and still earn cashback?
If you want to know how to pay bills with your credit card and still get some of the money back, know that with PicPay Card you can!
Although it is not a fixed campaign, they are quite common and can happen every week.
The cashback percentage is normally 10%, but in some campaigns it can reach 20%.
In addition to paying your bills with your credit card, you can pay in installments with a boleto and also earn cashback.
Summary
How you pay your bills with a credit card will depend on your card's app, but it usually works the same way as all other apps.
We highlight these two options in the text because they are advantageous, as one offers a discount and the other cashback.
However, it is worth mentioning that they are not the only ones to offer these advantages, so if you know of more than one, you can tell us.
Now that you know how to pay bills with credit card, you also know that it may not be advantageous due to the interest.
Even if you don't pay in installments, you will still pay interest, so it is important to only use it in emergencies.
Instead, you can pay your bills with a debit card or bank slip, and thus avoid debt.
Don't stop learning How to pay a bill with a credit card, click on the link and read our article.
