Paying off part of balance (whilst having DD setup for full balance)

sazaccount

IvanDP wrote: »

I may be wrong, but i would have thought that if you make a manual payment, then the direct debit would just pay off the remaining balance after that payment has been taken into account.
I very often make intermediate payments to my credit card, purely for convenience as I am paid weekly but as you know, direct debits are taken monthly.

It depends on your CC, I have an MBNA who will take the set DD (full amount until recently now just the min as I'm snoozing) even if a payment is made part month but my Amazon New Day does change the DD if a part payment is made *I think its* 5 days before DD is due, my amex might be the same but I can't remember of the top of my head.

blue.peter

IvanDP wrote: »

I may be wrong, but i would have thought that if you make a manual payment, then the direct debit would just pay off the remaining balance after that payment has been taken into account.
I very often make intermediate payments to my credit card, purely for convenience as I am paid weekly but as you know, direct debits are taken monthly.

As others have said, it depends on the credit card.


AmEx do as you apparently expect.


However, I learnt the hard way that something quite different happens with my John Lewis Partnership Card. They stop the DD collection altogether if you make a payment between the statement date and the DD collection date. Had I not been on the ball and phoned them to ask why they hadn't collected, I'd have found myself paying interest that month.

StevieJ

nickcc wrote: »

Halifax certainly do. I paid off my foreign holiday spend in full when I returned home and they advised me to cancel my DD and reinstate it after the usual payment date.

They sent me a text as well

'If you make extra payments to your credit cards at any time this will not reduce your direct debit'

This is quite confusing but surely if you pay off your debt before the statement is produced, then the DD amount will be zero.

18cc

Strange - I have definitely paid off part of my Partnership card balance and they collected the remainder on the DD date. I will keep an eye out though now you have mentioned it.

nickcc

StevieJ wrote: »

They sent me a text as well
This is quite confusing but surely if you pay off your debt before the statement is produced, then the DD amount will be zero.

You would think so but not in Halifax's case. Presumably Lloyds is the same as they're the same group. It seems once the DD payment amount has been calculated and you've been advised of this amount then nothing you do will change the DD.