Credit Card Direct Debit

1nv1s1bl3c0r3

Hi all,

Can anyone help please

If i have a credit card and have paid off the balance and have a good few months left, can i cancel the direct debit for the minimum payment now the card is cleared and aslong as i don't want to use it any longer?

Thanks in advance

Drp8713

If there is no statement balance then the minimum payment will be £0.00. If that's the case then they wont take anything.


Obviously, if you set it up manually to take say £25 a month then you will need to cancel it.

1nv1s1bl3c0r3

Drp8713 wrote: »

If there is no statement balance then the minimum payment will be £0.00. If that's the case then they wont take anything.


Obviously, if you set it up manually to take say £25 a month then you will need to cancel it.

Thankyou

thebritishbloke

Was your card 0%? if not, then there will probably be residual interest to pay. Keep an eye on your statement next month, if it comes up as £0.00, then yes you can cancel it.