One of the things that makes Fizz such a great option for college students and young adults is our daily Autopay feature. With daily Autopay, you won’t need to worry about paying off your balance manually, and you also won’t have to worry about building up big balances throughout the course of the month.
What is daily Autopay?
Daily Autopay is a feature we designed at Fizz to help keep you on top of your spending. When you enable daily Autopay in the Fizz app (which we strongly encourage everyone to do), you won’t have to worry about manually paying off the purchases you make with your Fizz card.
Fizz connects to your existing bank account, so we won’t ever let you spend more than you actually have. And with daily Autopay enabled, we’ll pay off your purchases every day from your connected bank account. That way, you’re starting each day with a $0 balance on your Fizz card and an accurately updated bank account - so that you’re not spending money you don’t have.
Daily Autopay is a feature that makes it easy to build credit without having to worry about anything. It’s easy to enable, and will work without you needing to do anything.
Autopay in comparison
Normal credit cards give you a large credit line (typically far more than you would normally have in your bank account) and they only ask you to pay payments once per month. On top of that, normal credit cards encourage you to only make small, minimum monthly payments of around $35. This encourages you to carry a balance on the card so that you owe them extra money in the form of interest.
Does that sound like a racket? We agree. You shouldn’t be encouraged to overspend or go into debt - especially if you’re just getting started learning more about your personal finances. That’s why at Fizz, we’re excited to offer daily Autopay. We hope you use it to your advantage!