I see no mention of 'dangers' prior to your use of the word.
I was just asking the question - you are right, I guess no one in this thread described it as a 'danger' - but I'm trying to figure out what is in these 'many threads' that were alluded to. With a quick search I only came up with issues where people caused some of their own problems (late or under payment), or having unused cards cancelled.
Or are you attempting to start a do/don't pay-off-the-mortgage-early-and-buy-an-immediate-annuity-and-buy-only-index-funds discussion?
Nah, just like I said - I'm trying to learn.
I'm getting hundreds of dollars a year in benefits. I fail to see where the "hassle of paying the bill or dealing with the CC company" (I'll avoid that trap by quoting your words, OK?) comes into play when I have auto-payment set up. I have not experienced any hassles. My credit limits are about 4X my biggest bills, and over 10x my typical bills.
Now (this is where the LEARNING part comes in): just because I have not experienced the problems, does not mean they are not out there. Maybe I am just unaware. So, in good faith, I am asking - what are these supposed 'issues' (safe word?).
Let me try again ( with kid gloves this time
) ...
So can anyone help me out here - what are the [-]dangers[/-]
potential issues for a credit card user who has set up auto payments to avoid late fees or underpayment?
Once I understand what these possible
potential issues are, I can use that info to make a reasoned decision for *myself* (no one else) whether the benefits I get are worth these
potential issues. Others could evaluate their personal situation, based on how that info might relate to them.
-ERD50