When is best to pay off Credit Card balance?

bigmaz

Hi guys

I could not find this question anywhere. So apologies if it has already been answered. I was just wondering when the best time to pay off a credit card is each month? So you dont get charged the interest on it. Its just a bit awkward when we get our statement through, its 3/4 way through the month, and I get paid the last day of every month. Will they change the date to pay the visa off so i can pay it the 1st day of each month so i dont get interest charged? I would phone them, but they can hardly understand English when I phone the call centre, so thought it would be easier asking on here

Thanks
martin

pippitypop

I thought most cards had 56 days interest free? I would suggest you check your card's T&Cs.

Fruit_and_Nut_Case

pippitypop wrote: »

I thought most cards had 56 days interest free? I would suggest you check your card's T&Cs.

It's usually quoted as "up to" 56(ish) days.

bigmaz

Ok, thanks for the replys so as long as I pay within the 56 days (or whatever is on my T&C's) of the statement, then I will not get charged interest?

Miss_Spendalot_2

Can't you just set up a direct debit to take the full amount each month ? and yes If you call you should be able to pay your bill on a selected date by you, I am not sure if some banks will charge you a one off fee to do this but you wont know till you ask :-)

Good luck..

CLAPTON

to pay no interest you must pay in full after you receive the statement and before the 'pay by date'

if you have insufficient funds left when you receive the statement you need to start to budget better
in any event you need some savings for the inevitable unexpected expenses

bigmaz

Thanks miss_spendalot (man, your name sounds like my mrs, lol) Honestly, trying to phone them is a really painful experience.... :P

bigmaz

Thanks CLAPTON, some good advice there

blacksta

I usually pay the stated balance on the statement at 1 week before the due date -