Payment dates

natscat84

Does anyone know how easy it is to change a payment date on a CC?

Also, if I say, pay a little more than the minimum on the payment due date, then pay the full balance off the next day (when I get paid), so before my next statement is due, will they still charge me interest on it?

First month that this has ever happened - usually my pay date is before my CC due date but Easter's mucking things up a bit.

Also, if they are going to charge interest, is it worth perhaps getting a PDL for 1 day only (until I get my lovely £1600 bonus) if it's cheaper than paying interest, since the PDL will definitely be paid off the next day.

And does a satisfied PDL scupper your credit rating?

For the last 6-7 months, my CC has been paid off in full every month, so I don't really want it to slip back now.

ETA: Without my wages, I can pay about 75% of the CC balance from my savings, then just put that back into my account - it's just the whole balance that I can't do until I get paid!

jackieblack

natscat84 wrote: »

Does anyone know how easy it is to change a payment date on a CC?

It varies - ring them and ask

natscat84 wrote: »

Also, if I say, pay a little more than the minimum on the payment due date, then pay the full balance off the next day (when I get paid), so before my next statement is due, will they still charge me interest on it?.

Yes, you will be charged interest from the statement date on the outstanding amount until the day it is paid off.

natscat84 wrote: »

ETA: Without my wages, I can pay about 75% of the CC balance from my savings, then just put that back into my account - it's just the whole balance that I can't do until I get paid!

Can you arrange a short term overdraft to cover the other 25%?
Has to be better than a PDL.

CLAPTON

without knowing the figures... but it's likely that simply paying the interest will be much much better than getting a PDL

natscat84

Fair enough - I was just thinking about it from a 'building credit' idea of having more satisfied borrowing against my name.

It's no real biggie - my husband will quite happily loan me the cash until the next day, so I'll probably do that instead.