How do you get your credit card direct debit to work for you (D/D interest criteria)?

soulsaver

surreysaver wrote: »

Your solution isn't a solution. I don't believe you've understood the problem. The solution to the problem is to change the statement date. The statement date probably needs to be around the middle of each month.

Even if you amend the timing, if your occasional spend misses the statement cut off you'll have no due payment and therefore no DD.

And I did mention the timing in my 2nd response.

Do try to keep up.;)

JustAnotherSaver

Wow, can we all get our claws clipped?


For the more info - I’ll get you that tonight when I’m home from work.

masonic

JustAnotherSaver wrote: »

Looking at my sisters Halifax credit card, it appears the direct debit is taken around the 15-16-17 of the month. In April of this year the direct debit was taken on the 15th.
On 23rd April she used it (or in actual fact, I used it and then sent the money to her account that pays it off).
This direct debit wasn't then taken until JUNE. So obviously the account that relies on this direct debit to qualify it for interest never got any interest for May because it was 1 direct debit short.

If her payment date was in June, then it suggests the transaction appeared in her May statement (which would normally come out by DD a little under 1 month later).

So what transaction was made in mid-late March or early April that would have been included in her April statement and therefore should have triggered a DD payment in May?

IanSt

JustAnotherSaver wrote: »

On 23rd April she used it (or in actual fact, I used it and then sent the money to her account that pays it off).
This direct debit wasn't then taken until JUNE. So obviously the account that relies on this direct debit to qualify it for interest never got any interest for May because it was 1 direct debit short.


The question was really how can you ensure that a direct debit is taken each month without skipping any like in the example i just gave.

I assume this was a new credit card, or at least hadn't been used for a while. So in your case your sister would have received the statement containing the purchase in May, but there is then a gap before the direct debit is actually taken - which meant that the payment was taken in June.

This is always going to the problem in the first month of a new credit card where you wish to use it as one of your Direct Debits to allow interest in an account. But provided from then on you use it regularly, then a Direct Debit will be taken each month - provided the dates that the Direct Debits are taken have been factored in and match the calendar dates that the account uses.

myth123

I've set up a recurring monthly top-up at amazon.co.uk for £1.00 using my credit card, this ensures that I use the card every month and triggers the direct debit.

Terry_Towelling

soulsaver wrote: »

Even if you amend the timing, if your occasional spend misses the statement cut off you'll have no due payment and therefore no DD.

And I did mention the timing in my 2nd response.

Do try to keep up.;)

I think we all understand this side of the equation (at least I hope we do). That's why I've now asked for more info on balances owing on the various statements.

Assuming Halifax allows 25 days for payments (can anyone confirm?) a direct debit going out around 15th to 17th monthly would suggest a statement was produced around 20th of the previous month.

Therefore, a transaction made on 23rd April probably missed the April billing day and the April statement will have had nothing on it (assuming the previous month was cleared in full) and therefore no direct debit will have been taken in May.

If Halifax only allows 15 days for payments, the 23rd April purchase should have been on the April statement. This is why we need more info on balances owing across the months.

Like I said earlier, though, a transaction missing a statement with no other balance owing is surely too obvious to be the cause of the issue and certainly wouldn't necessitate a thread on the forum - surely! If that is the cause then we're back to post #2 by Gary Dexter - 'use the card'.

Let's wait and see.

masonic

Terry_Towelling wrote: »

Assuming Halifax allows 25 days for payments (can anyone confirm?) a direct debit going out around 15th to 17th monthly would suggest a statement was produced around 20th of the previous month.

Yes, my Halifax CC payment is collected by DD approx that number of days after the bill is issued. That's what led me to ask about transactions prior to the one mentioned in the post above.

badger09

Terry_Towelling wrote: »

..............

Assuming Halifax allows 25 days for payments (can anyone confirm?) a direct debit going out around 15th to 17th monthly would suggest a statement was produced around 20th of the previous month.

..............

My Halifax Clarity statement date is officially 1st of the month, but occasionally slips to 3rd, even when 1st doesn't fall on weekend or BH:cool:

Due date varies between 26th and 28th, even when statement date is 1st

JustAnotherSaver

The Halifax card was opened March 2018.


End of month balance for both Jan & Feb was £0.


8th March - purchase ... due 15th April
15th April - direct debit
23rd April - purchase ... due 17 June
...nothing in May...
17 June - direct debit
14 July - purchase ... due 15 August


The same happened with her Barclaycard but they haven't produced a statement to show what's what.


End of May balance - £2.38
End of June balance - £2.38
8th July - direct debit for £2.38 taken

Yorkshire_Pud

No due dates or 'months' get missed unless a purchase wasn't made using the card within the relevant statement dates. The provider doesn't 'miss ' months where a payment is due as the OP seems to suggest. If they did they would be rolling over payments to the next month and they never do that.