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Fastest way to pay off credit card

Jon12345
Jon12345 Posts: 97 Forumite
in Credit cards
I had an interest free deal wwwith Virgin and just notice it has expired. My statement says "Payment due date: 5/12/12".

Is there any way I can get the money to them in time so I don't get hit with the interest penalty?

Thanks,

Jon

Comments

  • sistafromanothermista
    sistafromanothermista Posts: 2,230 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    Can you do 'faster payments' via your bank account?
    DEBT FREE AND PROUD:D
    'Better to remain silent and be thought a fool than to speak out and remove all doubt'
  • Jon12345
    Jon12345 Posts: 97 Forumite
    I'm not sure. I am with first direct. If I can, does it get there instantly then?
  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    'payment due date' may or may not be the same day as your interest free period ends.
  • Jon12345
    Jon12345 Posts: 97 Forumite
    CLAPTON wrote: »
    'payment due date' may or may not be the same day as your interest free period ends.

    No, I already got hit with an interest charge the previous month.
  • yangptangkipperbang
    yangptangkipperbang Posts: 1,811 Forumite
    Jon12345 wrote: »
    I'm not sure. I am with first direct. If I can, does it get there instantly then?

    It will get to Virgin's bank instantly - how long it takes to get from there to your credit card account...................??????
    Some cards take 1 day, others take "several" which is why they say "allow x days to reach your account"
  • CarolynCh
    CarolynCh Posts: 64 Forumite
    Part of the Furniture 10 Posts Name Dropper
    Jon12345 wrote: »
    I'm not sure. I am with first direct. If I can, does it get there instantly then?

    You can send faster payments with First Direct but your credit card may or may not apply the payment straight away. As the payment date is Wednesday though, if you make the payment today it should credit by then so you should be OK.
  • Jon12345
    Jon12345 Posts: 97 Forumite
    Sorted, thank you!
  • katejo
    katejo Posts: 4,504 Forumite
    Part of the Furniture 1,000 Posts Photogenic Name Dropper
    Jon12345 wrote: »
    I'm not sure. I am with first direct. If I can, does it get there instantly then?

    I do direct transfers from an FD account to pay credit card bills. It always tells me that it will arrive the same day. Today is only the 3rd so a payment now should be ok
  • sistafromanothermista
    sistafromanothermista Posts: 2,230 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker Debt-free and Proud!
    Mine only takes up to 2 hours...
    DEBT FREE AND PROUD:D
    'Better to remain silent and be thought a fool than to speak out and remove all doubt'
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