Money Tips: Prefer Online Credit Card Statements?

Posted On: January 1, 2007

Guest: Polonius
SENIOR MEMBER (Member for 2 yrs.+)
Post subject: Prefer Online Credit Card Statements?
Posted: Mon Oct 02, 2006 12:33 am

I love doing everything online. But a paper statement is a reminder to me that I have the card and possibly have a payment due–just in case I overlooked something. I don’t save or file the statements–they’re available online if I need one. Neither email nor snail mail is totally reliable, after all.

I don’t think banks will pass on any savings to US. The savings will go, as usual, to the top executives. Killing all the trees is regrettable. OTOH, the post office needs the cash.
_________________
Polonius
“Neither a borrower, nor a lender be; For loan oft loses both itself and friend”

Guest: jlrdc909
Credit Expert (100+ Posts)
Posted: Mon Oct 02, 2006 6:33 am

Going Paperless is like hearing banks offering to keep your checks for “free” B.S. this does nothing but saves them money on postage.
Plus, what happens if you land in the hospital for a few weeks from an unexpected mishap, at least with a Paper statement someone could pay the bills for you.

Guest: JaneiR36
Credit Expert (100+ Posts)
Posted: Mon Oct 02, 2006 9:42 am

hrm… interesting. But don’t banks generally understand if you call them up after six months and tell them you defaulted because you were ill, but hey, here’s the money now, we cool?

Guest: Woolfman
Posted: Mon Oct 02, 2006 1:12 pm

I noticed something strange happened last month,
I have been signed up “paperless” with Cap One for about a year now.
everything has been working out great
and I have been recieving those no fee trans. checks in the mail seperately each month which is great because I use them a lot.

Well, in September I got a paper statement and no checks
and I never changed anything with them on line or by phone.

Will have to see what happens in October.