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What is an Automatic Payment?

A payment method set up by a cardholder with the card issuer, where the cardholder links a bank account to their card and then sets the date they want their credit card payment made automatically. The cardholder also sets how much they’d like to pay: the minimum amount due, the entire outstanding balance, or another designated amount. Setting up automatic payments on credit cards is a good way to prevent late or missed payments, which helps a cardholder build a positive payment history.