Tesco Credit Card Alert

schiff

Tesco Finance have taken my monthly Direct Debit payment today, three working days before the due date Tuesday. For me it has not caused problems as fortunately I had sufficient in my current account.
But there could be other cases where it might have caused real problems, and much hassle to sort them out.
Inexcusable on Tesco's part.
Worth checking.

nomoneytoday

Maybe the payment will take 3 days to clear?

dave461_2

Tesco started doing this to me 3 months ago when I changed from minimum to full payment.
As a result I just changed my statement date from the 27th to the 3rd.
The date it says on internet banking for the payment to be made is wrong. If you look at your online bill (or paper bill also) you will see the actual date the direct debit is coming out.
Don't know if Tesco is aware of this, or if you still get the max 51 days interest free if you pay in full.

schiff

It is actually out of my current account today!

LeeSouthEast

Barclaycard took my payment which was due on the 4th Jan out on the evening of the 30/12/09. They'll do this so they get it by the due date (although with Barclays & Barclaycard being the same institution I don't buy that lol).

Mozette

If you pay the full balance by direct debit, AmEx take it 14 days after the statement, some 11 days before it is due. Sneaky!

anna42hmr

the statement should tell you you the date the direct debit is due, some of mine say on or around 3 days of which therefore means they can take out before the specified date or after it (ie to account for clearance times over weekends etc) looking at this months credit card statements, all mine have set the direct debit dates so that they take the payment at least 3-4 working days before the payment is due (cap 1 platinum, lloyds amex duo, santander zero, nationwide and post office cards are the ones i have)

moneysavingmarrow

LeeSouthEast wrote: »

Barclaycard took my payment which was due on the 4th Jan out on the evening of the 30/12/09. They'll do this so they get it by the due date (although with Barclays & Barclaycard being the same institution I don't buy that lol).

If that was taken from a Barclays current account, you should note that all transactions after 6pm will be made on the next working day, therefore the money would not have left your account untill the 4th.

Mozette

anna42hmr wrote: »

the statement should tell you you the date the direct debit is due, some of mine say on or around 3 days of which therefore means they can take out before the specified date or after it (ie to account for clearance times over weekends etc) looking at this months credit card statements, all mine have set the direct debit dates so that they take the payment at least 3-4 working days before the payment is due (cap 1 platinum, lloyds amex duo, santander zero, nationwide and post office cards are the ones i have)

With AmEx it tells you the date the payment is due - it's a new card so I rang and set up a direct debit expecting it to be taken around the due date like my other cards do; then I looked online and saw the date the DD would be taken. I dare say it's buried in the small print somewhere, but it wasn't pointed out to me when I set the DD up, or I'd've just done the minimum.

Still, I've had enough bother with them already that as soon as I get my cash back, I'm closing the card - it's worth putting up with their rubbish service for a free £105!

lil_lisa

I was always under the impression that they could take out a DD up to 4 days before or after it was due? I've always operated on this time scale at least. I'm sure it's part of the DD agreement itself? Feel free to correct me if wrong but that's always been my understanding

skaps

I had no idea that thats what can happen. Good think i read this thread