Direct Debit Question

Andyt1981

Hello,

Having paid off all my debts I'm planning on using my Nationwide cc a couple of times a month and paying off in full.

If I set my direct debit it pay if the full balance, will this just pay off the statement balance, or will it take into account any payments to / from the card after the statement.


Thanks.

dzug1

They will take the statemented balance less any refunds paid to the card before a cutoff date


They will not take any additional spending. I don't know what they do if you make an additional payment yourself

agrinnall

I would suggest not making any additional payments unless you withdraw cash and want to minimise the interest paid. That way the DD will take what it said on the statement and you'll know where you stand. Any other payment that goes onto the card (such as refunds and cashback) may or may not alter the DD amount taken, and I find that messes up my reconciliation in MS Money and requires some manual reworking.

StuC75

the statement will tell you how dd Might be affected by making additional payments..

A full balance DD will be based on the statement balance..

I use Mbna and have dd for minimum payment and pay the rest of the balance manually -- the DD in this instance will always take regardless of when I pay the rest of the balance.. With a Full balance one it 'Might' check the balance a couple of days - I know Barclaycard always email me a couple of before to advise it will be taking a payment...