Suppose I have set my daily budget at X. According to their rules... if my balance falls below 3*X then I will get charged Y (which I also set). The minimum value for Y is $30. Now my question is... if 3*X is something like $300 - does that mean that whenever my balance falls below $300, then my credit card will be charged $30 10 times on that day? Or it will get charged $30 everyday?
If you spend $300 a day, they will charge an amount to bring it up to $900. They only charge you once a day. The $30 doesn't have anything to do with your situation- it means if someone is spending $5 a day, instead of charging 3X ($5 = $15) they will charge $30 because they don't process any charge for less than $30.
Yes, it does. In the Budget settings... it says... "if my balance becomes low and blablabla I will be charged xxx.xx (some number that yahoo calculates) OR another amount Y (and you can set Y)" Min value for Y is $30.
Or you can send them an email asking to switch your account to prepaid mode. Then you just add money when you want and it wont auto add when it gets low.