I just have a general question. I see there is “Set up automatic payments -> Pre-authorized Credit Card Payment” option after I log into my account (webpage). Would the payment count as Cash Advance on my credit card or a Purchase? The difference to me would be, I need to pay credit card interest if it’s Cash Advance. Otherwise, I have a grace period on spending as a Purchase.
Please advise. Thank you!
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Welcome to the community!
With Pre-authorised credit card payments, they are charged as purchases like any other purchase you make. They are not considered cash advances. Fido will just pay your bill with your credit card on the specified day.
Hope this helps
Additional related question; is there a charge for this method of payment?
And, I assume that the 14 day payment span insures no late payment potential?