Credit card always paid in full but ...

ermine

Bgecosse wrote: »

For clarity it is an RBS Mastercard and despite all the interesting responses I still remain frustrated that there is no automatic way for me to pay the full balance automatically no later than the due date but without RBS keeping my money for 10 days!

I envy the gentle placitude of your life that you can spend this amount of nervous energy getting worked up about something that costs you about £2 a year in foregone interest-free-ness What is your secret to not needing to fight bigger challenges?

There are a lot of things worth getting worked up about in personal finance. I confess to never really having considered not getting the very last penny of the interest-free period one of them. Paying the minimum amount by DD and then making a scheduled FP payment when I get the bill works for me.

Life's too short to tilt at windmills. Get another card or take a chill pill. And it's not your money, !!!!!!, it's theirs. You've already spent it.

RG2015

ermine wrote: »

I envy the gentle placitude of your life

I too aspire to a life of gentle placitude although if I attained this nirvanic state I would have little time for financial minutiae.

Of greater concern would be not finding "placitude" in any dictionary.:)

As regards the OP I can see a point of principle as well as monetary in what many would regard as disingenuous behaviour by NatWest/RBS.

chattychappy

RG2015 wrote: »

As regards the OP I can see a point of principle as well as monetary in what many would regard as disingenuous behaviour by NatWest/RBS.

I'm not one of the "many". Perhaps see this link: https://en.wikipedia.org/wiki/Argumentum_ad_populum

From the link helpfully posted above: (under how to pay your credit card, direct debit)

If you set up a Direct Debit for the minimum or fixed amount, the payment is claimed 25 calendar days from the statement date, or shortly afterwards.

If you set up a Direct Debit for the full credit card balance, the payment is claimed 15 calendar days from the statement date, or shortly afterwards.


Doesn't seem "disingenuous" to me..(or to the many either?)

RG2015

RG2015 wrote: »

To be fair, NatWest are quite open about this as the link below shows.

http://personal.natwest.com/personal/credit-cards/manage/payments.html

Just in case anyone missed my earlier post.:)

Okay then maybe some rather than many. And I concede that disingenuous is quite harsh but the OP was not aware and that is not totally down to carelessness.

I am now returning to my plateau of placitude for the remainder of my day of rest.

RG2015

YorkshireBoy wrote: »

I was just interested in their reason, because there are far easier ways for them to make a profit, so there must be another reason.

agrinnall wrote: »

Actually, I can be pretty confident that this is the reason why it's taken early, although I'm afraid I'm not prepared to reveal why I know that.

Hi agrinnall, I respect your desire to keep your reasons confidential but do you know if this does earn them a significant amount?