Fluid credit card - designed to catch you with default sum for non payment?

londonTiger

GingerBob wrote: »

You do right. I have three cards run by MBNA and yes, they seem to adjust the payment date so that it nearly always falls on a weekend. They are scammers. If a due date is a weekend or bank holiday it should carry over to the next working day, but not with MBNA - nor probably with other providers, all of whom will hit you with a £12 charge and a late payment marker on the CRA files if you fall for this. Best to pay one day before the due date anyway.

Complain to the FSA and move your account out of MBNA. I have 5 months of evidence of them consistently shifting due dates between each month and consistently setting the due date on weekends.

If it's not possible to pay on a weekend, why do they set the due date on a weekend?? Either push the due date forward to Friday or push it back to a Monday.

My two other credit cards have due dates on weekends occasionally but they reflect the date of transfer as when the payment was made, so you can do a BACS payment to the CC on a Saturday for a payment due on that day or Sunday and still be considered on time.

Herbalus

londonTiger wrote: »

I pay the balance in full and they still take the minimum amount by DD leaving the card on credit (crdit for me, debit for them).

If you spend on the card every month then you shouldn't go into credit. Yes you've paid them more than the statement, but that will simply come off next month's statement, and won't put you in a credit balance if you've spent more than the minimum (usually 2%) of the previous statement.

You can disagree with direct debits, as is your right of course, but then you've got added responsibilities. I say this because there are numerous threads where somebody is blaming some system for the non-payment markers on their credit files, and it's always the people who have elected to pay manually.

fozmcfc

I'm with the majority here in believing MBNA have done nothing wrong, all the relevant information is available as to when payments are required and what happens if you make additional payments.

It would be interesting though to see if challenged whether having pay by dates on bank holidays and/or weekends are fair.

So many cards operate differently when it comes to time periods and additional payments.

GingerBob_3

fozmcfc wrote: »

I'm with the majority here in believing MBNA have done nothing wrong, all the relevant information is available as to when payments are required and what happens if you make additional payments.

It would be interesting though to see if challenged whether having pay by dates on bank holidays and/or weekends are fair.

So many cards operate differently when it comes to time periods and additional payments.

Just been checking my MBNA statements. As an example, one of them has a payment date fluctuating from 4th to 8th of the month and just under half of the time has fallen at a weekend (last 12 months). Why can they not fix the date?

As far as I recollect, other cards have a fixed date. Tesco is always due on 29th.

YorkshireBoy

londonTiger wrote: »

If it's not possible to pay on a weekend, why do they set the due date on a weekend??

I told you in post #2 it's not a payment due date, its a payment due BY date.


Maybe you've forgotten this very important 2 letter word?


When you get your head around that you won't make any more late payments...guaranteed!

GingerBob_3

YorkshireBoy wrote: »

I told you in post #2 it's not a payment due date, its a payment due BY date.


Maybe you've forgotten this very important 2 letter word?


When you get your head around that you won't make any more late payments...guaranteed!

I think a little bit of hair-splitting is going on here.

Here's "Due Date":

http://www.businessdictionary.com/definition/payment-due-date.html

So what's "Due By Date" or "By Date" - I can't find a definition? If these clowns at MBNA set a due/by/due by date to be a weekend or bank holiday they are, in effect, setting the date earlier than quoted. So why don't they bring it forward or put it back? I guess their systems can't cope with this eventuality. :rotfl:

I seem to recall that when due dates/by dates or whatever you want to call them fall on a non-working day then the date should automatically move forward to the next working day.

GingerBob_3

And another thing. What's all this garbage we have to put up with about 4pm cut-off or whatever time they choose? It's yet another opportunity for the scammers to catch you out. Electronic transfers are instant, so what systems have they got at MBNA and elsewhere - someone reading a screen as the data comes in, then transferring it by quill pen to a ledger, while sitting on a high stool?

[Deleted User]

I think the OP has a case with this. All you can say in their defence is that their bills do mention the 4pm working day cut off time, however dubious the practice is.

I also share the frustration about Direct Debits still being taken after a manual payment!

B19JON

I'm with MBNA. Usually my due dat is the 1st or 2nd of every month.
I pay with direct debit ( min payment) & just pay extra whenever I feel the need ( 0% MT)

One thing that does bug me about them is that it takes like 2/3 days for a payment to post to the account.

londonTiger

GingerBob wrote: »

I think a little bit of hair-splitting is going on here.

Here's "Due Date":

http://www.businessdictionary.com/definition/payment-due-date.html

So what's "Due By Date" or "By Date" - I can't find a definition? If these clowns at MBNA set a due/by/due by date to be a weekend or bank holiday they are, in effect, setting the date earlier than quoted. So why don't they bring it forward or put it back? I guess their systems can't cope with this eventuality. :rotfl:

I seem to recall that when due dates/by dates or whatever you want to call them fall on a non-working day then the date should automatically move forward to the next working day.

Thanks, the guy is a complete dweeb. Banks have a duty to make things simple to consumers. This legalese of due date, due by date has no difference in plain English.

I don't know why he keeps harping this nonsense over and over again.