DD to pay CC

radoslaff

Hi there,


The story first. I have a Choice Rewards CC with £2500 credit limit and 0% for the next 8 months. Once I reach £2250 I pay £500 in. At the same time I've set up a DD for the minimum payment from my Club Lloyds. It never goes out because I always pay at least £1000 during a statement period and respectively the minimum payment has already been taken.
So here is my new question:
If I set up the minimum payment direct debit from my Halifax current account will it then go out in case I go on paying £1000 on average directly from my Lloyds account? I need the bloody DD there.

[Deleted User]

No. Choice are clearly not calling for a DD if the minimum is paid, from whatever source.

[Deleted User]

You can only setup a DD with one account

soulsaver

You can set up the DD to pay a fixed amount which it will pay irrespective of your manual payment, and will take the minimum if more than the fixed when/if you haven't made a direct payment.
I've assumed you mean to switch the DD from Lloyds to Halifax? AFAIK you won't be able to do 2 different DDs.

radoslaff

soulsaver wrote: »

You can set up the DD to pay a fixed amount which it will pay irrespective of your manual payment, and will take the minimum if more than the fixed when/if you haven't made a direct payment.
I've assumed you mean to switch the DD from Lloyds to Halifax? AFAIK you won't be able to do 2 different DDs.

Yes, that's what I intend to do, switch the DD. So let we say I set up a DD in Halifax for £10. The tenner will go out irrespectively of my manual payments for £1000? If so, that's a great option.

Ebe_Scrooge

You seem to be over-complicating this - why are you so fixated as to whether or not the DD is called for ? You say you're currently on a 0% promotion - if so, then as long as you pay at least the minimum each month ( whether manually or by DD ), then I can't understand what the problem is. Certainly it's very wise to have the DD in place in case you ever forget to pay manually. But as long as you're paying the minimum then what's the problem ? You just need to remember to either clear or transfer any remaining balance when the promotional period ends.

bigadaj

Ebe_Scrooge wrote: »

You seem to be over-complicating this - why are you so fixated as to whether or not the DD is called for ? You say you're currently on a 0% promotion - if so, then as long as you pay at least the minimum each month ( whether manually or by DD ), then I can't understand what the problem is. Certainly it's very wise to have the DD in place in case you ever forget to pay manually. But as long as you're paying the minimum then what's the problem ? You just need to remember to either clear or transfer any remaining balance when the promotional period ends.

Think the OP needs the dd to generate interest or other benefits on the associated current account so wants to make sure it's taken.

Ebe_Scrooge

bigadaj wrote: »

Think the OP needs the dd to generate interest or other benefits on the associated current account so wants to make sure it's taken.

Ah, OK, thanks - some time after I'd posted I did wonder if that was the issue :beer:

Dobbibill

OP - it looks to be a timing issue for you.

On your statement it should say

'One-off payments received 2 clear working days before the day your payment is due will reduce or stop the Direct Debit from leaving your account for that month'

If you send a manual payment the day before/of/after your DD it won't impact it and the DD will still be taken.

radoslaff

Dobbibill wrote: »

OP - it looks to be a timing issue for you.

On your statement it should say

If you send a manual payment the day before/of/after your DD it won't impact it and the DD will still be taken.

It does say so. You are right. Still something makes me think that this might be in force only for the minimum payment DD. I'll give it a try with a fixed DD. Thank you Dobbibill.

bigadaj wrote: »

Think the OP needs the dd to generate interest or other benefits on the associated current account so wants to make sure it's taken.

That's exactly what I'm after, bigadaj. Thank you. :rotfl:

soulsaver wrote: »

You can set up the DD to pay a fixed amount which it will pay irrespective of your manual payment, and will take the minimum if more than the fixed when/if you haven't made a direct payment.
I've assumed you mean to switch the DD from Lloyds to Halifax? AFAIK you won't be able to do 2 different DDs.

I'm going to do it, soulsaver, and once I have the actual outcome, I will post an update. I'm not after 2 DDs, just 1 in Halifax. Thanks.