Questions about payment due date

nuvolari7

I have a credit card with Lloyds and I use online banking to check my accounts. The payment due date for my credit card is tomorrow (20/02/2014) but I haven't received the bill in the post. This happened before. The next statement date is 26/02/2014.

When I go into the section for paying the credit card, I cannot select minimum or statement balance to pay as they both show zero. But I can enter the amount I want to pay for the card. Is it ok to pay the card off now?

Some people said it's better to wait for the bill to come before paying in full. But I haven't received the bill and the payment is due tomorrow.

Also, if I use the credit card on or before the payment due date, will the transaction be counted for the current statement?

Thanks for your help

EDIT: I just checked my account online again. I misread the payment due date. It says 20th January. I called Lloyds and they said the next statement is due on 26th February as stated online. Thanks for all your replies

Hominu

If both values are zero it sounds like you made purchases after the statement date but before the payment due date, is this correct? If so, then there's nothing to pay until the next statement.

If you want to confirm I'd ring them up and check, no point in paying a bill that isn't due!

[Deleted User]

Do you think you have a balance - if the online balance is showing zero? How much do you think you owe?

dzug1

If there's no balance on the card and no transactions to go on it then they probably won't send a statement

nuvolari7

On 4th Feb, I bought something for £129 using the credit card.

bengal-stripe

nuvolari7 wrote: »

The next statement date is 26/02/2014.

nuvolari7 wrote: »

On 4th Feb, I bought something for £129 using the credit card.

The previous statement date would have been 26-28th of January (or thereabouts), so your 4th of February transaction will be billed with the forthcoming statement.

But check again on-line; if the £129 appear under "current transactions", they have not been billed yet.

Gizmo247

Can I suggest you setup a direct debit to pay either the minimum or the full amount. It takes the guesswork out of the process.

zerog

What if the bill gets lost in the post? Will you just not pay it?

There should be a way to get your statements online, or maybe not - I heard Lloyds was going to make it either online or paper but not both...

itsanne

nuvolari7 wrote: »

Some people said it's better to wait for the bill to come before paying in full.

Also, if I use the credit card on or before the payment due date, will the transaction be counted for the current statement?

On one occasion I paid money into a credit card before the due date because I was making a very large purchase which would take me near the credit limit and I wanted to continue using the card because of clubcard points. It took so long to make a difference to the amount showing that it turned out to be irrelevant for the purpose I'd wanted and I used another card until it was paid by DD as usual. I wouldn't pay before the bill again.

Anything you buy after the bill is generated will appear on the following bill - that's why you end up with interest free credit when you pay the bill in full.

As you appear to be paying in full, it would be much simpler to set up a DD for the full amount to avoid any future confusion. At the very least you should have a DD for the minimum amount to avoid the risk of any charges.