Maximising your interest free period - Amazon Mastercard

littlesaint

I am hoping to buy an expensive electrical product and I would like to try and buy in that period when bills are issued so I can avoid paying for another month. On my old card (Barclaycard) I could do this around 28th/29th, though my new card Amazon mastercard seem to wait till early the next month before billing. Trouble is, this expensive electrical item has fluctuated in price quite a bit over the last couple of months and might go up as January Sales are ending. I'm wondering when I should buy.

Hope people understand this post

thepikingpirate

call them find the exact date the statement is produced make your transaction 1 day before it should miss that statement and gon on the next.
If it is important that you buy it asap ask them to change your statement date bear in mind though that will in turn change your payment date.

Hope that helps

Han_naH

Yes except that I just acquired the Amazon card too, and they don't setup a DD by default - I had to ask.

They are hoping you don't notice (0% int. for 6 months, so you won't at first) but when the 1st month with interest arrives and you haven't setup a DD, you will pay interest until you can get the cheque etc off to them.

So, best strategy is to setup a DD in month 5 @ minimum payment.

Then contact them month 6 to change min. payment to full payment.

anniecave

dd's are a bit inflexible in that way, i would pay it manually in month 6 (by cheque or online banking) and cancel the dd, then get it reset up later if necessary

It can go wrong if you ask them to change it after the statement has gone out, they may take the wrong value

King_Of_Fools

As you have 6 months 0% on purchases, you should buy the item as soon as possible as you are already eating into the 6 months. Whether the item appears on this month's bill or next month's is only going to make a few pounds difference to the minimum payment.

littlesaint

Just to clarify, my interest free period was up last May (had the card for just over a year) and I have set up DD for minimum amound. What I was wanting advice on was when I should time my purchase, to avoid it appearing on the February statement and appearing on the March instead, giving me an extra month to pay. The second poster kind of answered my question, but if anyone knows the date that Amazon bills are processed that would be great.

King_Of_Fools

littlesaint wrote:

Just to clarify, my interest free period was up last May (had the card for just over a year) and I have set up DD for minimum amound. What I was wanting advice on was when I should time my purchase, to avoid it appearing on the February statement and appearing on the March instead, giving me an extra month to pay. The second poster kind of answered my question, but if anyone knows the date that Amazon bills are processed that would be great.

Ah, I see! I got a bit confused.

In that case, as Amazon is run by Halifax I doubt that there is a set date when all Amazon bills are processed. I also can say that there will seem to be no set date each month (my last four Halifax bills have been sent on the 25th, 24th, 20th and 24th).

The only sure way to do what you want would be to check your account online and buy on the day you spot your bill having been processed (i.e. my online account shows me today that my latest bill was issued yesterday).

littlesaint

Good idea, will try and work out how to use my online account and do it that way.