Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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i paid £4.00 off my credit card (that was all that was on it) and the payment due date was the 10th april. confirmation of this is here:
25 Mar 2009 24 Mar 2009 PAYMENT FASTER PAYMENT RECEIVE THANK YOU £4.00
i also have another one here:
1 Apr 2009 31 Mar 2009 PAYMENT FASTER PAYMENT RECEIVE THANK YOU £4.00 -
not sure if it's the same one but theres 2 paying in confirmations of £4.00
now, the due date as said was 10th april. but the screen hasn't changed and still told me the payment i needed to make was £4.00?
i've just paid £20.88 into the account as that was what the next bill would be.
is it taking so long to clear the £4.00 payment because of the bank holiday?
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John
Member
Registered: 30th Jun 03
User status: Offline
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It's possible to pay too early.
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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all it said was that if i pay early then my account just ends up in credit, which will then be taken off next months bill.
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a_j_mair
Member
Registered: 23rd Jan 04
Location: Scotland
User status: Offline
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i managed to do this recently with £28 or so paid it twice by accident as i paid it early then again at end of month, just put my account into credit
friday monday bank holiday will mean things take an extra couple days
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Chrissy
Premium Member
Registered: 28th Jan 06
Location: Sunny Glasgow Drives: Astra J
User status: Offline
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How's this work then..
I just applied for a credit card online for emergencies and the like.
Do you have to pay your whole balance off by the end of each month? or is it before a month after each transaction?
>>>> Chris <<<<
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Eck
Premium Member
Registered: 17th Apr 06
Location: Lundin Links, Fife
User status: Offline
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quote:
Originally posted by Chrissy
How's this work then..
I just applied for a credit card online for emergencies and the like.
Do you have to pay your whole balance off by the end of each month? or is it before a month after each transaction?
You don't have to pay off the full balance no. There will be a minimum payment that you have to pay, but you're better to pay off as much as you possibly can. If you go about paying the minimum payment each month from a big balance, you'll end up in debt before you know it.
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Chrissy
Premium Member
Registered: 28th Jan 06
Location: Sunny Glasgow Drives: Astra J
User status: Offline
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Right so if you pay the minimum payment then anything left to pay will get interest added onto it after your due date?
>>>> Chris <<<<
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Eck
Premium Member
Registered: 17th Apr 06
Location: Lundin Links, Fife
User status: Offline
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Basically aye. That's why people get cards that have 10 months interest free or whatever. When it comes upto the 10 months, they get another card with a different company and transfer the balance so they get another deal.
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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the only reason i have this card is to boost my credit rating up a bit 
been nothing but hassle since i did  
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John
Member
Registered: 30th Jun 03
User status: Offline
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Just set up a direct debit to pay it in full every month then you don't have to worry.
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Ben G
Member
Registered: 12th Jan 07
Location: Essex
User status: Offline
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didn't know you could do that will have a look tomorrow, cheers.
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Matt L
Member
Registered: 17th Apr 06
User status: Offline
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mines set up to pay off the full balance everymonth.... still not recieved a statment for mine though dont know when it gets paid either.
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dannymccann
Member
Registered: 9th Aug 06
Location: Doddington, Lincolnshire
User status: Offline
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As John said can set up DD instructions to pay off every month, thats what my student CC is. Although I have to pay every 6 weeks instead of 4, and after a certain cut off every period that goes on to the next statement  No interest charged as yet so working fine
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