Barclaycard - payment BEFORE due date?

zerog

Nationwide's due dates are often on weekends or holidays, in which case they will take the DD on the next working day.

Lloyds group and Capital one seems to set their due dates on working days, and take the DD on the same day.

Amex takes DDs 5 days before the due date. If I wasn't so busy with work I would pay manually now, as their website now updates your balance instantly.

chattychappy

Hooloovoo wrote: »

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".

By your definition perhaps.

Hooloovoo wrote: »

Do you often struggle with comprehension?

Only with comprehending your argument. Seems I wasn't the only one.

Armorica

Ish_Mus wrote: »

Hi Folkes, occasional browser, first time poster but anyway...

Pre charges and advance debits like this, and variable utilities, always bugged me. If they charge the ammount accrued 4(or so) days before the "due date," the total isn't the same as the total on the actual date, unless one does not use the card/ phone/ electric whatever between the dates. So the days between charge date and due date is added to the following month's amount.
So I guess they constantly charge the wrong amount early, for fear of missing the due date (or maybe worse, allow late payers and whack on heavy late charges?)
Myself, I'd rather pay early to avoid uncunfortable calls/ emails etc if I misjudge incomings and outgoing on my current account.

Oh, last bug- if they can check online immediately if you have credit on a card before approving a purchase, why not transfer money just as quick, and stick to actual due dates? - I guess it's a banking scam...

Just my cynical tuppence worth...

Perhaps you're bugged because that's not how payments generally work?

Due dates are dates your payment must be made by. So payments are collected on or before that date in general. Direct Debits can only be collected Monday to Friday. A collection after the due day would be late...

You should however be notified at least five days in advance (usually a few weeks for credit cards) of the amount and date money will be taken.

For example, at the end of each calendar month, that amount that will be taken is frozen. That amount is then taken from you in the middle of month. Anything you have spent/used in the first half of the month isn't included in that payment, it will be in the following month.

g6jns_2

Armorica wrote: »

Perhaps you're bugged because that's not how payments generally work?

Due dates are dates your payment must be made by. So payments are collected on or before that date in general. Direct Debits can only be collected Monday to Friday. A collection after the due day would be late...

You should however be notified at least five days in advance (usually a few weeks for credit cards) of the amount and date money will be taken.

For example, at the end of each calendar month, that amount that will be taken is frozen. That amount is then taken from you in the middle of month. Anything you have spent/used in the first half of the month isn't included in that payment, it will be in the following month.

That is completely wrong. It is, and has been for many years, established law and practice that when a payment falls due on a non banking day the due date is automatically deferred until the next working day. Direct Debits may not under any circumstances be taken until the due date.

eskbanker

g6jns wrote: »

Direct Debits may not under any circumstances be taken until the due date.

Please provide a link or something else to back this up!

At the risk of reopening the whole terminology debate, in this context do you actually mean '[not] until the advised collection date' (typically a different date from the payment due date itself)? As per earlier posts, numerous card providers collect DDs before payment due dates, if you're claiming this is unlawful or wrong in some meaningful way it would be useful to see evidence of what makes you believe this....

SnowTiger

GingerBob wrote: »

I'm a big user of Barclaycard - always over £1000 pm.

I hadn't noticed this before, but on their emails advising about statement availability they say:

If you already pay by Direct Debit, just remember that the next payment to your card account will be made on or before the payment due date (my emphasis).

Now correct me if I'm wrong, but shouldn't that be after the payment due date?

Perhaps, maybe, probably.

My recent (PDF) statement contains this:

Payment due by 7 October

We'll collect your Direct Debit payment on 7 October or immediately after

Hanky_Panky

g6jns wrote: »

That is completely wrong. It is, and has been for many years, established law and practice that when a payment falls due on a non banking day the due date is automatically deferred until the next working day. Direct Debits may not under any circumstances be taken until the due date.

Loans have a 'due date' for which your above explanation is correct. Credit Cards have a 'due by date', your statement is produced and you have x number of days up to y date to pay. Y date being the 'due by date' so if you pay after this you are overdue or late or however else you would like to describe it.

Armorica

g6jns wrote: »

That is completely wrong. It is, and has been for many years, established law and practice that when a payment falls due on a non banking day the due date is automatically deferred until the next working day. Direct Debits may not under any circumstances be taken until the due date.

As I said, you are confused due by dates with payment dates and clearly don't understand the difference.

Direct Debits cannot be taken until the date you are advised. But that date *can* (and most likely will) be on or before the date your debt is due by.

Darren87

Whats the problem ere, my capital one card has always taken money up to 5 days before the due date. whats wrong with that? Its written in the terms whereas it states payments for due dates may be taken up to 3 to 5 days before the due date. I would never leave it to the last second to have funds available personally so this has never been a problem.

g6jns_2

Armorica wrote: »

As I said, you are confused due by dates with payment dates and clearly don't understand the difference.

Direct Debits cannot be taken until the date you are advised. But that date *can* (and most likely will) be on or before the date your debt is due by.

On the contrary the confusion is in defining the terms. All the credit cards statements I have had over the forty years have had a date by which payment is due. This date is the one when at least the minimum payment must be paid. This is, in normal banking parlance the due date. It is also the same date that the authorisation under the DD Scheme allows payment to be taken because the DD scheme requires sufficient notice be given for the customer to query the amount. Note that the rules for regular payments of a fixed amount do not have to pre notified unless there is a change in the date or amount. It is breach of the Direct Debit Sceme rules to take the payment before that date. You can check the rules on the BACS site amongst many others. In practice the credit card issuer may send the request for payment to BACS several days before the due date but it will not be debited to the customer's account until the due date at the earliest.