Bit of a draft question on Credit Card Budgeting

Ryan101

Okay here goes I have a Barclaycard and LTSB MasterCard, I pay both in full each month, but I hardly ever use the Barclaycard.

Both are paid by Direct Debit, the Barclaycard is paid on the 15th of the month and the MasterCard on the 30th.

That means a large debit on the 30th of each month, I though it I split my purchases over the 2 cards I would have 2 smaller debits, one on the 15th and the other on the 30th, rather than one big one on the 30th.

Does this make sense ?, I also means I could keep more of a balance in my Vantage account earning 4%, well 2 weeks more if I have worked it out correctly.

redpete

No point in doing it just to keep the 2 amounts similar in size. If you do it to keep the money in your bank account for longer you will have to use one card for the first 2 weeks of its statement period and the other for the rest of the month, I certainly wouldn't bother.

ironlady2022

He's wanting to do it not to have similar amounts but to pay a smaller bill on 30th. It makes sense to me! I would ring them to see when your billing dates are.

redpete

mayling03 wrote: »

He's wanting to do it not to have similar amounts but to pay a smaller bill on 30th.

You sure? If he only spends on the card that has a payment date on 15th then the bill on the 30th will be £0. This achieves what you claim was required.