Question about snowflaking
OK, so from what I've read, snowflaking is putting any extra money towards my debt, even if it is small amounts. My question is, can I be charged by either my credit card or bank for making too many payments in a month?
I'd appreciate any advice on this snowflaking idea!
Thanks,
Chris
Chris
Not that I know of.
Some credit cards do have restrictions on how many on-line payments you can do.
Becky
CL of 4th, 5th & 6th grade Scoliosis
I agree with Becky.
All my best,
Danni
New here!
Thanks everyone!
Chris
Chris,
The only other thing to watch is if your funds are in a SAVINGS account, there are limits to the number of transactions you can do out of a savings account each month. This is a federal law and applies to both banks and credit unions. It doesn't apply to a checking account however. If you need more information, let me know and I'll go dig up the details.
Peg
Bex -
"Yesterday is history, tomorrow is a mystery, today is a gift -thats why its called the present."
Bex -
When you make your on-line payment, there should be a "terms of payment" link...that is where the information on limitations is embedded.