In addition to your standard IO autopay settings, you can add an additional limit-based autopay rule to process payments and free up credit automatically when you get close to hitting your credit limit.
Creating or editing a limit-based autopay rule
- Go to your Credit Card account.
- Near the top of the page, you'll see your current autopay date. Hover over this, then select Edit autopay.
- Under Autopay rules, you'll see the option to enable or edit limit-based autopay.
- In the setup or edit modal, you can choose the payment threshold, i.e. what percentage of your credit limit you have to hit to trigger an automatic payment.
- You can optionally set a daily maximum payment. This is the maximum amount you want to be paid to your IO balance each day if the rule is triggered. If you leave this blank, we'll automatically pay the total balance at the time the rule is triggered.
- Once you hit Save, the rule will be active.
If the rule is triggered and an automatic payment is processed, you'll receive an email notification letting you know whether the payment was successful or whether the payment failed due to an insufficient balance in your payment account.