Maybe I'm weird, but I know exactly which binding credit agreements I'm in and how they're paid, and definitely none of them get paid using another binding credit agreement. :)
I mean, I know all that I'm in, but I can definitely see myself missing one or two if asked on the spot to recall all of them. Phone, cable, AWS, gym, power, garbage/etc, insurance,... I'm sure there are one or two others. Even if there aren't, I'd feel compelled to go through everything to make sure there aren't more.
Even just dealing with all of those is going to be a pain in the ass though. I'd probably end up spending hours all together just on hold with some of those people.
You don't pay for Netflix, Adwords, Amazon Prime, AWS, etc. using a card? If so, yes, I think you're weird. What do you do? Give them all your bank details?
I'm confused. The person you were replying to said:
> you have to find all charges going to your old CC and then deal with moving every one of those accounts to your new one when it gets there. Hopefully you don't incur any late fees while you're going through the process!
I've never been charged a late fee by a firm I didn't have a credit agreement with. Perhaps other parts of the world are more insane, but here that is definitely not commonplace.
I don't know who does and who doesn't, honestly. I try to avoid being delinquent. I know from the last time I had to change my card that my phone provider and ISP certainly do. Anybody who charges you on a recurring basis certainly can — they just add the amount to your next bill. They won't take you to court for it, but it will be added to the amount that you must pay or be disconnected.
Sorry, I should have said "fees". I've recently had to deal with this process, and I've found a few vendors who charge a penalty if the attempt to charge my card doesn't go through for any reason.
