Fizz’s optional daily Autopay feature provides convenience while helping students stay on top of their finances. By automating the payment process, Fizz eliminates the risk of forgetting to make a payment or accidentally missing a due date. This proactive approach to managing your spending helps maintain good payment history and encourages responsible financial behavior. With Daily Autopay, you can confidently use your Fizz card for everyday expenses, knowing that your payments will automatically be taken care of.
How it works
Fizz’s daily Autopay feature is simple. When you have daily Autopay enabled, your purchases will be paid off automatically every night from your connected bank account. Fizz automatically bundles all the day's purchases and deducts the total amount in one payment. This simplifies the payment process and ensures that payments are made on time. There’s no added stress of managing payment deadlines.
It’s easy to turn on daily Autopay during the sign-up process, but you can also turn it on in settings on the Fizz app at any time. There isn’t much else to it. All you need to do is toggle on the daily Autopay switch and any settled payments will be automatically deducted from your bank account at the end of the day. If you ever want to turn it off, it’s as easy as flipping the switch back — but be careful, without daily Autopay, you’ll need to remember to make regular payments.
What are the benefits of daily Autopay?
Daily Autopay is the best way to make sure that you’re staying on top of your spending and repayments. With daily Autopay, you won’t have to worry about losing track of payment due dates or running up big balances that you might not be able to pay off. Daily Autopay makes your Fizz card function much like your bank-issued debit card. You’ll start every day with a $0 balance on your Fizz card and an accurately reflected checking account balance.
Traditional credit cards encourage you to pay just once per month. This makes it easy to forget payment due dates, and it makes it easy to lose track of how much you’ve spent over the course of the month. These big credit card companies are relying on you making mistakes — it’s how they line their pockets. Fizz doesn’t charge interest or fees, to begin with, and we’ve gone a step further with daily Autopay. With Fizz, you won’t have anything to worry about. Plus, daily Autopay helps keep your credit utilization low.
Know your current account balance
As we’ve gone over, one of the most significant benefits of enabling daily Autopay is that your checking account balance will be more accurately reflected on a day-to-day basis. You won’t have to worry about spending money that you don’t have, because your purchases will be paid off as soon as they settle.
Traditional credit cards make it easy to lose track of your account balance and overspend. With a traditional credit card, you might have a $500 checking account balance, but if you have a $600 credit card balance, you have a lot less money than you might realize. Fizz’s daily Autopay feature helps you avoid this conundrum by paying off your balances daily and keeping your checking account balance up to date.
Start each day fresh
Another benefit to using Fizz’s daily Autopay feature is that you’ll never have to worry about building up a big, unmanageable balance on your card. Daily Autopay keeps the balance on your Fizz card low by paying off purchases as soon as they clear — unlike a traditional credit card, which lets purchases pile up to encourage debt and interest payments.
Starting each day with a paid-off card is also a great way to keep your credit utilization low, which can help your credit score. High credit utilization is a result of carrying big balances on your card, so having your card paid off automatically daily can be a big benefit to your credit utilization.
Don’t worry about paying your card off manually
One of the biggest benefits of Fizz’s daily Autopay feature is the fact that you don’t have to worry about keeping track of manual payments and due dates. With daily Autopay enabled, you’ll never have to make a manual payment, and you can spend the same way you would with your bank-issued debit card.
When combined with the fact that Fizz won’t let you spend more than you have in your bank account, daily Autopay is the best way to stay on top of your finances in college while building your credit and earning rewards at the same time.
