Tesco Savings DDs

surreysaver

Mchambers wrote: »

Don't know. That is why I am asking.

I don't know how you would set that up. A credit card would typically only take one direct debit payment a month

m1kjm

I think I'll be splitting up my supermarket shopping once a month and paying for each item individually with a different credit card.

surreysaver

m1kjm wrote: »

I think I'll be splitting up my supermarket shopping once a month and paying for each item individually with a different credit card.

I might pay a £1.50 bus fare on different credit cards a few times a month

B_G_B

m1kjm wrote: »

I think I'll be splitting up my supermarket shopping once a month and paying for each item individually with a different credit card.

I usually fill up at “pay at pump” once a month spread over a number of cards. Best not to do it during busy times though.

jimjames

m1kjm wrote: »

I think I'll be splitting up my supermarket shopping once a month and paying for each item individually with a different credit card.

You'll still get one bill per card

surreysaver wrote: »

I might pay a £1.50 bus fare on different credit cards a few times a month

I buy my £1 lunch on different cards purely because I use different cards. Not quite sure what it is meant to achieve for others though

adindas

m1kjm wrote: »

I think I'll be splitting up my supermarket shopping once a month and paying for each item individually with a different credit card.

If you have a lot of creditcards it is very easy to generate 1p DDs on each creditcard each month. I have been doing this for ages to keep my creditcards alive.

There are a lot of 1p items on ebay such as images, wallpapers, simcards, etc.. All you need to do is to buy 1p items on ebay and pay them with different Creditcards listed on PayPal. Paypal allows you to have up to 8 creditcards. So if you have 8 creditcards, 8 DDs sorted.

There are three benefits of doing this:
Generate 8 DDs
To keep your 8 creditcards alive maintaining good credit files.
Boost positive feedbacks on eBay (normally. 8 positive feedbacks)

YorkshireBoy

jimjames wrote: »

You'll still get one bill per card

6 cards will generate 6 bills which means 6 DDs.

I buy my £1 lunch on different cards purely because I use different cards. Not quite sure what it is meant to achieve for others though

More qualifying DDs.

darkidoe

B_G_B wrote: »

Pooh! Not just current accounts, this could affect M&S Regular Saver as well. 2 DD’s required to open the account, although not sure if they are needed once opened.
https://bank.marksandspencer.com/pdf/CPSaverSummaryBox.pdf

M&S regular saver does not require the 2x DD. To get the monthly bonus, you need to do a switch to the Current account with 2x DD per month.

tg99

Also worth noting if you currently pay your tv licence in one go you can instead do by monthly DD for no extra cost.

veryintrigued

glider3560 wrote: »

I've been doing some calculations:

3x Bank of Scotland accounts at £5,000 each paying 2.00%
1x Lloyds account at £5,000 paying 2.00%

Assuming highest instant access at 1.25%, difference in interest is 0.75%, therefore £150 on all four accounts.

If the only alternative is to create £1 charity payments, that will cost £96 per year, reducing the extra interest down to just £54. At that point, I'd say the effort is hardly worth it and will probably just bung the money directly into the 1.25% account or cycle through regular savers.

It was fun whilst it lasted.

Lots will have regular savers attached to these CAs too though so the knock on could be much more severe. E.g.

Lloyd's - 2 RS
HBos - 2 RS

I'll wait other non newbies confirming this before I investigate a plan B.