Why does paying cash need 5 days before min payment date !

trencherpilot

Ring em up and pay over the phone, then your payment is logged on the computer from when you pay!

BWZN93

HGLTsuperstar wrote:

The big problem with Nationwide is now they have cut the 56 days interest free, so basically you need to pay on the day you receive the statement, or sooner if poss! Therefore am maxing out my cashback on Morgan Stanley and keeping Nationwide for overseas only

Who told you that? Its still in the application booklets and the staff havent been told that!!

BWZN93

freestyle wrote:

You all pointed out exactly what I thought. The credit card is from nationwide. I also have a current account with them, which I could transfer or draw funds from to pay it.

However they said because it's a building society, if I pay by cash in a Nationwide branch they first turn it into a cheque, and then blah blah blah.


Ok, cut a long story short. They have agreed 'this time only' to weive the charge. But it just seems to me to be wrong, if it's going to take 5 days for any type of payment method (even cash in a branc) then it should say so on the letter or at worse in the small print of the T&Cs.. but I've not seen it !

Pretty much all credit cards work like this. The information is easily available. Why havent you set up a minimum payment direct debit - then you wont be paying late. You can still pay more off is you want to after.

Jo xx

HGLTsuperstar

jw1096 wrote:

Who told you that? Its still in the application booklets and the staff havent been told that!!

Yes it was circulated to card holders, if you dont believe me check the date due on your statement.
Branch staff may not know as they dont actually handle the credit card, its via the Swindon main offices

King_Of_Fools

HGLTsuperstar wrote:

Yes it was circulated to card holders, if you dont believe me check the date due on your statement.
Branch staff may not know as they dont actually handle the credit card, its via the Swindon main offices

It is only the cashback card that has been cut to 46 days:
http://www.nationwide.co.uk/creditcard/CashReward/default.htm

The other two are still 56 days:
http://www.nationwide.co.uk/creditcard/ClassicCard/default.htm
http://www.nationwide.co.uk/creditcard/ComicRelief/default.htm

Rate_tart?_sticks_and_stones.....

jw1096 wrote:

Pretty much all credit cards work like this. The information is easily available. Why havent you set up a minimum payment direct debit - then you wont be paying late. You can still pay more off is you want to after.

Jo xx

Having meticulously worked out the remaining balance after the minimum payment and making a payment of that amount before setting off abroad (the only time I use this card) I am shocked to discover that the Direct Debit for the min. payment was automatically cancelled by Nationwide as I had made a payment larger than the minimum payment. Leaving a balance of just under £19 and of course now that I have added transactions I will have to pay interest on the full balance. Can't find this in the T&C's! This is the opposite of any other credit card I have ever had, the DD for the min payment is always paid and I make payment on top of that amount to avoid paying interest. Grrhhh

exel1966

jw1096 wrote:

Pretty much all credit cards work like this. The information is easily available. Why havent you set up a minimum payment direct debit - then you wont be paying late. You can still pay more off is you want to after.

Jo xx

Not LLoyds . I pay mine in cash at the counter ON the due date and that is perfectally acceptable.
Mint card I pay over the phone using my debit card. Tha payment takes two days to be actioned, but it is logged as paid the day the call was made ie THe due date.
Amex Ditto.

Obviously if you haven't a branch near you or are going away, then yes you'll have to set up a DD or transfer a few days prior to the due date

Hazzanet

HGLTsuperstar wrote:

Yes it was circulated to card holders, if you dont believe me check the date due on your statement.

Statement Date: 07 September 2006
Minimum Due Date: 22 September 2006

HGLTsuperstar wrote:

Branch staff may not know as they dont actually handle the credit card, its via the Swindon main offices

It's handled in Southend on Sea, but the branch staff sell the product, so they should be aware of the interest free periods.

Hazza