DD to pay Credit card off

barryd999

Sorry if this has been covered before but I am thinking of getting a Halifax Clarity credit card for use abroad.

We spend quite a few months in Europe and use the Nationwide Flex account which now charges for use abroad.

I have never had a credit card before and I understand with the Clarity all purchases are free of charges abroad and ATM costs are very low as long as its paid off in time.

So my question is this. Can you set up DD from the Halifax to say my Lloyds account every month to automatically transfer what is due? What I want to avoid is messing on phoning a transfer each month or going online to do it.

rb10

Yes, you can.

Gromitt

Sure, shouldn't be a problem.

But, Halifax are picky, so make sure to apply in plenty of time as you might need to appeal.

jackieblack

barryd999 wrote: »

Can you set up DD from the Halifax to say my Lloyds account every month to automatically transfer what is due? What I want to avoid is messing on phoning a transfer each month or going online to do it.

Do you mean you want to set up a direct debit FROM your current account TO Halifax to pay off the balance in full each month? If so, the answer is yes.

barryd999

Thanks for the replies.

jackieblack wrote: »

Do you mean you want to set up a direct debit FROM your current account TO Halifax to pay off the balance in full each month? If so, the answer is yes.

Im not sure. I thought you would have to set it up at the Halifax end as they are taking the money out of Lloyds. If it is set up at Lloyds how will they know how much to pay each month?

Gromitt wrote: »

Sure, shouldn't be a problem.

But, Halifax are picky, so make sure to apply in plenty of time as you might need to appeal.

My wife already has a current account with them. Im not sure what you mean about them being picky and having to appeal.

So it all looks possible then. Thanks
Barry

rb10

barryd999 wrote: »

Im not sure. I thought you would have to set it up at the Halifax end as they are taking the money out of Lloyds. If it is set up at Lloyds how will they know how much to pay each month?

You ask Halifax to set it up, but the payment will go from your LTSB account to the Halifax credit card.

barryd999 wrote: »

My wife already has a current account with them. Im not sure what you mean about them being picky and having to appeal.

It often appears that Halifax 'cherry-pick' the best customers, and only accept a reasonable quality customer for the credit card.

If your wife already has a main banking relationship with them (i.e. uses her current account as her main income/outgoings account) then it may be easier for her to get a card, as Halifax appear to be more favourable towards existing customers when it comes to credit cards.

If she applies in branch then she can get the Clarity Reward card - this is exactly the same as the Clarity card but gives her £5 cashback per month.

barryd999

rb10 wrote: »

You ask Halifax to set it up, but the payment will go from your LTSB account to the Halifax credit card.



It often appears that Halifax 'cherry-pick' the best customers, and only accept a reasonable quality customer for the credit card.

If your wife already has a main banking relationship with them (i.e. uses her current account as her main income/outgoings account) then it may be easier for her to get a card, as Halifax appear to be more favourable towards existing customers when it comes to credit cards.

If she applies in branch then she can get the Clarity Reward card - this is exactly the same as the Clarity card but gives her £5 cashback per month.

Your not wrong. I just applied and got refused. I re applied and lowered my income and it was accepted (I think). Bonkers.

jackieblack

barryd999 wrote: »

Can you set up DD from the Halifax to say my Lloyds account every month to automatically transfer what is due?

jackieblack wrote: »

Do you mean you want to set up a direct debit FROM your current account TO Halifax to pay off the balance in full each month? If so, the answer is yes.

barryd999 wrote: »

Im not sure. I thought you would have to set it up at the Halifax end as they are taking the money out of Lloyds. If it is set up at Lloyds how will they know how much to pay each month?

You will need to set up the DD WITH Halifax but not FROM Halifax.
The payments will go TO Halifax FROM your current account.

You can choose to either set up the DD for the minimum payment or the full balance each month and the amount they will take will be confirmed on the statement each month.

Stephen_Leak

A word of caution.

If you're setting up a DD to pay the full amount of a credit card bill, not the miniumum payment (which is to the CC provider's advantage), do it the old-fashioned way. In writing on a DD mandate form with the full amount payment option clearly marked or, if it doesn't have any options, with "full amount" written clearly on it. And take and keep a copy.

Then, when the DD confirmation comes back with the minimum payment option set up, ring them, so they can tell you that you requested the minimum payment option over the phone.

Then ask them who they would like you to send a copy of your copy of the DD mandate to: them or the FSA? MINT actually tried this with me once. A written apology and a £5 goodwill credit was received.

luci

All my credit card DD's were set up to take the full amount each month and I've never had any problems.

You sometimes have to pay the first month manually if it is set up close to the payment due date.

jackieblack

I agree with luci, all my credit card DD's are set up to take the full amount each month and I've never had any problems either.

It will say on the statement how much the direct debit is going to take. You should just check the amount it says each month.