Start as we mean to go on- 2021 dues

[Noodlez]

2021 dues paid! (We rented a few points out :-) ) I fully appreciate that keeping the money as long as possible is better financially, but I love the security of knowing that it’s done and I don’t have to worry.

[nadya]

Originally Posted by PoohBears#1fan

Is the 10 transactions a month rule on more recently opened accounts? We've never had to keep a $500 balance in ours, I usually just run it with one extra months payments worth incase we forget to do the monthly transfer , never had an issue.

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Yes we do this too,never had 10 transactions a month or been charged thankfully!

[Labboy]

You can pay monthly, well you learn every day, thanks guys am away to check this out.

[YorkshireT]

I wouldn’t worry about keeping the money in any savings account as it is virtually pointless- interest rates so low we are talking a few quid in interest a year for most people.
My preferred strategy is to pay in advance. Then if the worst should happen it’s always in credit for the following year.
Personally I would not set up a bank account for paying dues with ‘potential’ fees and ‘potential’ minimum balances etc to save (in my case with 400 points) probably $25 a year. It simply isn’t worth my time or hassle. Appreciate some have found that route useful though. I haven’t a date when the paying in advance was possible- it may always have been possible and not discovered or only became possible about 5 years ago. Many Brits historically set up the Suntrust before this was widely known and/ or possible.
Of course paying up front means you need to find the money 12 months in advance, so making the switch may be more problematic if you are already paying in arrears.

[YorkshireT]

Originally Posted by Labboy

You can pay monthly, well you learn every day, thanks guys am away to check this out.

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There is another thread on here which shows you how to do it.

Many people didn’t appreciate you could do it, but it’s gaining a lot more traction nowadays as people become aware.

[Labboy]

Thanks YT