is there a credit card with simple bills

eskbanker

neilneilorange wrote: »

Which day/ of the month should i set up the dd for?

You don't get to choose - setting up a DD means that you're authorising the card company to take the payment in sufficient time ahead of the payment due date, so they're responsible for doing the scheduling, although they'll inform you when they'll be taking it....

Willing2Learn

eskbanker wrote: »

You don't get to choose - setting up a DD means that you're authorising the card company to take the payment in sufficient time ahead of the payment due date, so they're responsible for doing the scheduling, although they'll inform you when they'll be taking it....

...a[STRIKE]nd just to add that the DD payment date is usually the same as the due date[/STRIKE]. [STRIKE]So just assume that they will be taking the DD on the due date.[/STRIKE] Some cards allow you to change the due date, to help their customers manage their monthly budget.

I have been corrected in the post below.

eskbanker

Willing2Learn wrote: »

the DD payment date is usually the same as the due date. So just assume that they will be taking the DD on the due date.

Not sure it helps to generalise and it's never a good idea to make assumptions when it comes to matters like this! I don't know to what extent you've reviewed Ts & Cs of card DD regimes but I know that Tesco collect a few days ahead of due date and recall anecdotal reference on here to NatWest (I think) doing so about ten days in advance....

Edit: not just anecdotal, NatWest do claim early for full balance DDs, according to https://personal.natwest.com/personal/credit-cards/existing-customers.html:

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.

18cc

I think the key thing to realise about credit cards is the statement date.

on your statement date you will get a statement telling what you owe - let us say this is £100. you must pay off that £100 by the date specified.

in order to avoid interest you must pay it all off

if you pay off £99.50 you will still get charged interest on the whole £100 !

that is why as people have suggested you set up a direct debit to pay off the complete statement amount each month.

Willing2Learn

Thanks eskbanker, I have edited my earlier post. I was just going by when my cards take their DD. It was definitely unhelpful to generalise, based on my experience only...

Ben8282

I have a Lloyds credit card. To clarify -
The direct debit is taken on the payment due date.
The direct debit is not taken earlier when a full balance direct debit is set up.
I know of no way to change the due date or the date the direct debit will be taken (other than to request a permanent change of statement date which would not effect the current statement period)
The full amount of the direct debit is taken irrespective of any additional payments made.

Ben8282

To OP.
You have been very critical of Lloyds without apparent reason. I find both their online banking easy to use and the credit card information clear and unambiguous. Why you don't understand the 'bills' as you call them is also difficult to comprehend. What precisely is wrong with their statements? Please be specific and avoid mention of wranglings and dishonesty.

The assumption made in other replies is that you have been charged residual interest. This is the obvious assumption. However, several things are not clear. Firstly, do you or do you not repay the card in full on or before the payment due date shown on your statement? This requires a simple yes, no or sometimes answer. If the answer is other than yes, that explains why you are paying interest. If the answer is yes, then it is curious that you have been charged interest other than a very small amount in respect of the immediately repaid cash advance, and requires further clarification.
You say that you took a small cash advance for £50 which you immediately repaid, but even if you had not immediately repaid it the interest on £50 would not explain £10 residual interest or the £30 that you say you have been 'billed' without further explanation or clarification as to what this represents in your subsequent post.
It should also be pointed out that when you made the immediate repayment of the cash advance as with any credit card the payment would have been applied to the balance of the previous statement if that had not already been repaid in full by that time rather than to the unstatemented cash advance. However, the cash advance was for such a small amount that this, in itself, does not explain the amounts of interest charged. Perhaps it is also worth pointing out that the OP never specifically states that interest has been applied. There is only mention of something being billed to the account.
You ask if setting up a direct debit will stop trailing interest. In itself, no. If you set up a full balance direct debit then by paying in full each month you will avoid interest except on cash advances as you will be paying in full each month. If you take cash advances then interest and trailing interest will still be charged as with ANY credit card, even the 'temporary' 0% purchases card that you wish to obtain.

Davy_Jones_II

What crooks, lending you money, unsecured, charging nothing if you pay it off in full, and sticking exactly to their side of the bargain otherwise.

The sooner we can go back to only decent middle-class people (after an interview with the bank manager) being given credit, the better. The number of people who are resentful and fling allegations around because of ignorance is quite depressing.

Apologies for you being the one to trigger this moan, OP, there’s a constant stream of people like you and it just depresses me somewhat.

born_again

Sounds a lot like.
OP spends on card. Statement produced and balance is say £100
OP then uses card before the payment date and wonders why there is still something to pay next month. When pays the full £100 amount due on statement.
It could also be one transaction had not fully debited, when statement produced.

This post is a example of not enough information for a proper answer. As we are all grasping at straws. Thinking what the £10 maybe for.

If Op thinks a statement is bad. wait till they get the annual statement and tries to work out that. As I know a lot of people who work in the cards department that struggle to explain them....

Fingerbobs

Ben8282 wrote: »

The full amount of the direct debit is taken irrespective of any additional payments made.

That's what their terms state, but in practice I have found that manually clearing the full balance in advance of the DD stops the DD being taken that month.