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Barclaycard - payment BEFORE due date?
Comments
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...Now correct me if I'm wrong, but shouldn't that be after the payment due date?...
OK, I will
If payment is made after the due date, then you will incur interest (even if the DD payment collects in full),you will be in default of your credit agreement and your credit file at the appropriate CRA may be adversely affected.
I think you may be confusing payment due by date with the advance notice required to be provided for a direct debit. Refer to your advance notice for when payment will be collected. That cannout be collected before the date specified.0 -
Agreed! Personally I don't think there's any confusion about the term 'due date' - in common parlance this is the date by which payment is due, not the date from which payment is due! I don't see any evidence that anyone on this thread (or anywhere else) has felt misled by this generally accepted terminology....
Sounds like the very definition of confusion, to me.
You just said yourself the due date is the date by which payment is due.
So why does the OP seem to think the DD should be taken after the due date?
It would appear someone is confused about generally accepted terminology.
For a credit card, payment is due between the statement date and a date as agreed by the credit terms. If it's not paid by the due date then it becomes over due.0 -
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Sounds like the very definition of confusion, to me.
You just said yourself the due date is the date by which payment is due.
So why does the OP seem to think the DD should be taken after the due date?
It would appear someone is confused about generally accepted terminology.
For a credit card, payment is due between the statement date and a date as agreed by the credit terms. If it's not paid by the due date then it becomes over due.
I think what they meant was that the OP is confused, but the term 'due date' is in no way misleading.
As you say, it is the date that payment is due.
If you pay after this, the payment is over due and therefore late.
Nothing misleading, the OP just doesn't seem to understand the common parlance.0 -
I think what they meant was that the OP is confused, but the term 'due date' is in no way misleading.
As you say, it is the date that payment is due.
If you pay after this, the payment is over due and therefore late.
Nothing misleading, the OP just doesn't seem to understand the common parlance.
Actually I know exactly what 'due date' means, and for those CCs that I pay manually I make sure the funds are there before the due date. The point I was making is that if these companies say they are going to take a direct debit BEFORE the due date what's to stop them taking it many days before, and thereby making your financial management that much more difficult? Companies pull a direct debit, so if you've been good enough to allow them the benefits of direct debit, the least they can do is not pull if before the due date.
To be fair, it hasn't happened yet, and maybe never will.0 -
Actually I know exactly what 'due date' means, and for those CCs that I pay manually I make sure the funds are there before the due date. The point I was making is that if these companies say they are going to take a direct debit BEFORE the due date what's to stop them taking it many days before, and thereby making your financial management that much more difficult? Companies pull a direct debit, so if you've been good enough to allow them the benefits of direct debit, the least they can do is not pull if before the due date.
To be fair, it hasn't happened yet, and maybe never will.
Because, as I said, most tell you the Due Date as that appears on all statements irrespective of how you pay and ALSO tell you the Collection Date which only appears if you pay by DD and payment will be taken on or after this date.0 -
InsideInsurance wrote: »Because, as I said, most tell you the Due Date as that appears on all statements irrespective of how you pay and ALSO tell you the Collection Date which only appears if you pay by DD and payment will be taken on or after this date.
Not on Barclaycard they don't. They just say payment will be taken on or before the due date. No mention of collection date.0 -
My Barclaycard (Ex Egg now dual card) statement states the payment date and they always take it on or after that date. They have never taken it early. The T & Cs state it will be taken on or after the due date. I pay the full amount off each month if that makes any difference.Not on Barclaycard they don't. They just say payment will be taken on or before the due date. No mention of collection date.0 -
First of all this:"Payment is "due" immediately after the statement is produced.
Then this:For a credit card, payment is due between the statement date and a date as agreed by the credit terms.It would appear someone is confused about generally accepted terminology.
Well, I agree with that!0 -
chattychappy wrote: »Well, I agree with that!
The two statements I made are not contradictory.
If a payment is "due between date x and date y", then by definition it is also "due immediately after date x".
Do you often struggle with comprehension?0
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