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When to pay off balance - catalogue account

Quick question cause my brain has shutdown for the night.

Am I right in saying that I should wait until I have received my statement before paying off the balance on my catalogue account.

Just opened a new Fashion World (JD Williams) catalogue account essentially to be a credit-building account (I cant get/dont want a credit card or overdraft) and basically doing a purchase, pay off balance in full, repeat.

Comments

  • jak
    jak Posts: 2,027 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Yes wait until you get the statement and pay in full x
    2022 Comp total (prizes + free spins): £494.81 #20 £12 a day Jan: £382.95/£372 #57 360 1p challenge: £17.70 £10 a day Feb: £571.09/£280 March: £311.96/£310
  • stclair
    stclair Posts: 6,856 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    jak wrote: »
    Yes wait until you get the statement and pay in full x

    Or set up a Direct Debit to collect the full balance.
    Im an ex employee RBS Group
    However Any Opinion Given On MSE Is Strictly My Own
  • mart3ndo
    mart3ndo Posts: 94 Forumite
    jak wrote: »
    Yes wait until you get the statement and pay in full x

    Kl kl, thought so, I have the urge to pay it off now but have to wait on the statement
    stclair wrote:
    Or set up a Direct Debit to collect the full balance.

    I do intend to, but can only do that after I have received the first statement
  • stclair
    stclair Posts: 6,856 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    mart3ndo wrote: »
    Kl kl, thought so, I have the urge to pay it off now but have to wait on the statement



    I do intend to, but can only do that after I have received the first statement

    You can set up a Direct Debit at any time you do not have to wait for your first statement.
    Im an ex employee RBS Group
    However Any Opinion Given On MSE Is Strictly My Own
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