Extra payments are becoming a hot topic in the financial world. With the rise of online app-based services and digital payments, consumers are finding new ways to make extra payments towards their bills and loans.

One major development in the extra payments space is the rise of automated payments. Many apps now allow users to set up automatic extra payments towards their credit cards, loans, and even utility bills. This not only helps consumers stay on top of their payments, but it also allows them to pay off their debts faster and potentially save on interest charges.

In addition, some financial institutions are now offering rewards for making extra payments. For example, certain credit cards will offer cash back or reward points for every extra payment made towards the balance. This incentivizes consumers to make extra payments and ultimately helps them pay off their debts quicker.

Another trend in extra payments is the rise of “round-up” apps. These apps round up your purchases to the nearest dollar and then automatically put the spare change towards an extra payment. This is a simple and easy way for consumers to make small, frequent extra payments without even thinking about it.

Overall, the trend of extra payments is gaining traction due to the convenience and benefits it offers. As technology advances and more financial institutions and apps jump on board, we can expect to see even more developments and options for making extra