Monday, December 11, 2006
A new pre-tax payroll deduction?
In my current job, my employer also lays claim to loaning me money via the dangerous credit cards. Being that I work for said company, the employees get discounts on their products. For example we can lower our interest rate on our credit cards, get reduction of interest rate on a mortgage, etc.
Well I was browsing around our intranet I stumbled upon some FAQs on one of the credit cards they are promoting and the benefits we get for having the card. One of the questions was would we in the future have the option for having our credit card payment deducted from our paycheck. The answer provided was that this was something that was being considered in the near future.
First off, I would sign up for this in a heartbeat. Currently as soon as my statements come out, I log in to my account and set an auto payment up for the 15th since that is when I get paid. If I didn't have to do that, that would save me all of 5 minutes a month.
Now I'm sure this isn't possible, but how cool if your minimum payment that was deducted was taken out before taxes? That would totally rock.
Well I was browsing around our intranet I stumbled upon some FAQs on one of the credit cards they are promoting and the benefits we get for having the card. One of the questions was would we in the future have the option for having our credit card payment deducted from our paycheck. The answer provided was that this was something that was being considered in the near future.
First off, I would sign up for this in a heartbeat. Currently as soon as my statements come out, I log in to my account and set an auto payment up for the 15th since that is when I get paid. If I didn't have to do that, that would save me all of 5 minutes a month.
Now I'm sure this isn't possible, but how cool if your minimum payment that was deducted was taken out before taxes? That would totally rock.
Labels: credit card, minimum payment, pre-tax deductions
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