# Autopay

*Everyday Money — Finicade finance glossary*

Autopay authorises a company to pull a payment from your account on a schedule. It protects the single biggest driver of your credit score — payment history — and lenders often shave 0.25% off a loan rate for enabling it. The rule that makes it safe: autopay fixed, predictable bills (rent, loan payments, at least the minimum on cards) and review variable ones manually. Autopaying a variable bill in full removes the moment where you'd notice it doubled.

**Also known as:** automatic payment, direct debit, standing order

**Related terms:** [Minimum Payment](https://finicade.com/glossary/minimum-payment), [Credit Score](https://finicade.com/glossary/credit-score), [Checking Account](https://finicade.com/glossary/checking-account), [Expenses](https://finicade.com/glossary/expenses)

Source: https://finicade.com/glossary/autopay