Free Guide to Avant Credit Card Payments

Understanding Avant Credit Cards and Payment Basics

Avant is a financial technology company that offers credit products to consumers. An Avant credit card functions like a traditional credit card—it allows you to borrow money up to a set limit and pay it back over time. Understanding how credit cards work is an important foundation before you start making payments.

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When you use an Avant credit card, you're borrowing money from the card issuer. Each time you make a purchase, that amount is added to your balance. At the end of your billing cycle (typically 30 days), you receive a statement showing everything you owe. You then have the choice to pay the full balance, make a minimum payment, or pay any amount in between. Interest charges apply only to the balance you don't pay off by the due date.

Credit cards differ from debit cards in an important way. With a debit card, you spend money you already have in your bank account. With a credit card, you're borrowing money and creating a debt that you must repay. This borrowed money comes with a cost—the interest rate, which is expressed as an Annual Percentage Rate (APR). A typical APR for credit cards ranges from 15% to 25%, though rates vary based on your credit history and current market conditions.

Your credit card has several key numbers to understand. The credit limit is the maximum amount you can borrow. The minimum payment is the smallest amount you must pay by the due date to keep your account in good standing. The balance transfer rate and purchase rate are the interest rates applied to different types of transactions. The grace period is the number of days between your statement closing date and your payment due date—during this time, you typically won't pay interest if you pay your balance in full.

Practical Takeaway: Before making payments, know your credit limit, current balance, interest rate (APR), minimum payment amount, and due date. You can find all this information on your monthly statement or by logging into your online account.

How to Make Avant Credit Card Payments Online

Making payments online is the most common method for paying your Avant credit card bill. The process is designed to be straightforward and can be completed in just a few minutes from any device with internet access. Most people choose this method because it's convenient, provides immediate confirmation, and allows you to schedule payments in advance.

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To pay your Avant credit card online, first visit the official Avant website or log into your account through their mobile app. You'll need your account number and password to access your account information. Once you're logged in, look for a payment or "Make a Payment" section—this is typically found on your account dashboard or under a "Payments" menu.

When you select the option to make a payment, you'll be asked to choose your payment amount. You can enter any amount you wish to pay, whether it's the minimum payment, the full balance, or something in between. Be careful to enter the correct amount, as mistakes can affect your account. The system will usually show you your current balance so you can make an informed decision about how much to pay.

Next, you'll need to provide banking information for where the payment should come from. You can typically link a checking account, savings account, or another bank account. Enter your bank's routing number and your account number. Many people save their bank account information in their Avant account so they don't have to enter it each time—however, only do this if you're using a device you trust and have already secured your account with a strong password.

After you submit your payment, you'll receive a confirmation number. Write this down or take a screenshot for your records. The payment will process within 1-3 business days, depending on your bank and the time of day you submitted it. During this processing period, your payment is in transit, so your balance won't change until it's complete. You should receive an email confirmation once the payment has been processed.

Practical Takeaway: Save your bank account information securely in your Avant account so future payments take less time. Always keep confirmation numbers from your payments so you can verify them if questions arise later.

Setting Up Automatic Payments and Payment Schedules

Automatic payments, sometimes called autopay or recurring payments, allow you to have money withdrawn from your bank account on a date you choose each month. This method removes the need to remember your due date and manually make a payment every single month. Financial researchers have found that people who use automatic payments are significantly less likely to miss payments or pay late.

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To set up automatic payments with Avant, return to the payment section of your online account and look for an autopay or recurring payment option. You'll select your bank account as the payment source and choose the day of the month you want the payment to be withdrawn. Many people choose a date shortly after they receive their paycheck, ensuring funds are available in their account.

You'll also need to decide the payment amount. You have several options: pay only the minimum payment each month, pay the full statement balance, or pay a fixed amount of your choosing. Paying the full balance each month has significant advantages. If you pay your full balance before the grace period ends, you won't pay any interest charges. Over a year, this could save you hundreds of dollars compared to making only minimum payments.

Consider this example: If you have a $2,000 balance with a 20% APR and only make minimum payments of $50 per month, you'll pay approximately $1,200 in interest charges and take more than 4 years to pay off the balance. If instead you pay the full $2,000 balance immediately, you pay zero interest. This dramatic difference shows why paying the full balance whenever possible is important for managing credit card debt.

You can change or cancel your automatic payment at any time. If you need to adjust the payment amount or date, log back into your account and modify the autopay settings. Some people set up autopay for the minimum payment as a safety net to avoid missing payments, then make additional manual payments when they have extra money available. This approach provides protection while still allowing flexibility.

Practical Takeaway: Set up automatic payments on or shortly after your regular payday to guarantee on-time payments and reduce the likelihood of interest charges. Choose to pay your full balance if possible—this is the most cost-effective way to use a credit card.

Payment Methods Beyond Online: Phone and Mail Options

While online payments are most common, Avant offers alternative payment methods for people who prefer different options. Understanding all your payment methods means you can choose whichever works best for your situation, whether you're traveling, dealing with technology issues, or simply prefer traditional methods.

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Phone payments are available for customers who want to speak with someone while making a payment. You can call the customer service number on the back of your Avant credit card or on your monthly statement. When you call, have your account number and the amount you want to pay ready. A representative will guide you through the process and connect your payment to your bank account over the phone. They'll provide you with a confirmation number that you should write down. Phone payments typically process the same as online payments—within 1-3 business days.

Mailed payments are another option, though they take longer to process. You can send a check or money order to the address listed on your monthly statement. Write your account number on the check so Avant knows which account to credit. Mail typically takes 3-7 business days to arrive, plus another 1-2 business days for Avant to process the payment. Because of this delay, mailed payments should only be used if online or phone payment isn't an option, as it's easy to miss your due date.

If you mail a payment, consider these timing guidelines: if your due date is on the 25th, mail your check at least 10 days earlier to account for mail delays. Keep a copy of the check front and back for your records. You can also use certified mail if you want proof that your payment was sent, though this costs extra money.

Mobile payment apps are another option. Some banks allow you to pay your credit card bill directly from their mobile app by selecting Avant as the payee. This works similarly to online payment but initiates the transaction from your bank's side rather than Avant's side. Ask your bank whether this option is available.

Practical Takeaway: Use online or phone payments whenever possible because they're faster and reduce the risk of missing your due date. Keep detailed records of every payment method you use, including confirmation numbers and payment dates, for your personal records.