When it hasn't hit my statement can I still pay it off?

Abbey1991

As I understand it, there are three types of transaction on a credit card account:

1. Authorised but not yet posted to the account
2. Posted to the account but hasn't appeared on statement
3. Has appeared on a statement

I believe that if I make a partial repayment, it will be applied to category 3. only, even if category 3. is at a promotional rate and category 2. isn't.

Is this correct for the main providers (eg Barclaycard, MBNA, Lloyds)?

jonesMUFCforever

Assuming a nil balance to begin with - if a transaction has not been debited then if you pre pay the card will be in credit - not something a credit card is devised for.

keithmac

I'd wait till it appears personally, they are supposed to pay off highest interest first but it's on their interest to knock down your lowest if possible.

Can you log in to your account?.

Shakin_Steve

Unless there's a very good reason not to, you should just set up a direct debit to pay either the full balance or minimum amount. People seem to get into a mess trying to work out what's due when if they pay off bits here and there. With most cards, if the balance is paid in full, you are getting over a months worth of free credit and that's the way to service it.
There are, of course, experts on here who know exactly what they are doing, and use multiple cards to make money for them. But, judging by your question, you are not using yours for stoozing or the like , so wait until your statement is produced.
This is not meant to sound patronising, sorry if it does.

Abbey1991

keithmac wrote: »

Can you log in to your account?.

Yes, they're category 2 transactions at the moment so I'm not sure if I can pay them off as I have a larger category 3 (promotional) balance as well.

Abbey1991

Shakin_Steve wrote: »

Unless there's a very good reason not to, you should just set up a direct debit to pay either the full balance or minimum amount. People seem to get into a mess trying to work out what's due when if they pay off bits here and there. With most cards, if the balance is paid in full, you are getting over a months worth of free credit and that's the way to service it.
There are, of course, experts on here who know exactly what they are doing, and use multiple cards to make money for them. But, judging by your question, you are not using yours for stoozing or the like , so wait until your statement is produced.
This is not meant to sound patronising, sorry if it does.

It doesn't sound patronising, thanks for responding! I have a direct debit for the minimum, which is paying off a promotional balance. I also made some small transactions which I know I will have to pay interest on. I'm not an expert but hopefully will be able to become one from this site.

Ben8282

You are quite correct in your order.
It is NOT POSSIBLE to repay an unstatemented transaction until the balance of the previous statement has been PAID IN FULL at which point payments will be allocated to unstatemented transactions in the usual order.
I am guessing the urgency to repay is due to the fact that you are paying interest on the purchases. I appreciate the problem but there is nothing you can do. Wait until the next statement is issued then repay the appropriate amount immediately.

Abbey1991

Ben8282 wrote: »

You are quite correct in your order.
It is NOT POSSIBLE to repay an unstatemented transaction until the balance of the previous statement has been PAID IN FULL at which point payments will be allocated to unstatemented transactions in the usual order.
I am guessing the urgency to repay is due to the fact that you are paying interest on the purchases. I appreciate the problem but there is nothing you can do. Wait until the next statement is issued then repay the appropriate amount immediately.

Thank you. I don't find it to be much of a problem given that in the old days I would have had to pay off the whole promo balance before being able to touch the new transactions!

keithmac

I leave my cards well alone that have balance transfers on them, most have never purchased anything!.

That's a habit of the good old days..

datlex

For me I have pending, included in balance and on statement. I can pay items that are part of the balance but not yet on the statement. It allows you to spend more than your card limit over the month so long as you have sufficient funds to pay it (NB I am not suggesting you use a different credit card to pay it. I am saying for example: if your limit is £1000 and you normally spend £500 and need to spend £600 on your car this can be a way to enable that.)

Abbey1991

keithmac wrote: »

I leave my cards well alone that have balance transfers on them, most have never purchased anything!.

That's a habit of the good old days..

With the likes of FX-free transactions, Avios to be earned, and cashback offers sometimes it is too tempting to use a card that has a long-term promotional balance!