Minimum paymwnt

Adamskiodp

Hi,

I have a Tesco Clubcard Credit card. Balance is always paid off in full every month. Only purchase this month was today (14th October). Online statement says minimum payment due on 18th October. Forgive my ignorance but I thought I’d have more than a few days before I have to pay anything? I thought you had at least 28 days after purchase before any payment had to be made (sometimes 56 days?).

[Deleted User]

If your statement has already been produced, then today's purchase won't be on it.

You just need to pay the statement balance by the due date. 

You have up to around 56 days interest free on a purchase, but that's only if it takes place the moment after the statement is produced.  Otherwise, you have from statement until due date, which may be two or three weeks.

Yahoo_Mail

Adamskiodp said:

Hi,

I have a Tesco Clubcard Credit card. Balance is always paid off in full every month. Only purchase this month was today (14th October). Online statement says minimum payment due on 18th October. Forgive my ignorance but I thought I’d have more than a few days before I have to pay anything? I thought you had at least 28 days after purchase before any payment had to be made (sometimes 56 days?).

There's no way a debit on the 14th would show as being due on the 18th on any credit card.  At the very least the 18th is a Sunday and they know when weekends are.  You're obviously confused, it happens.  Copy and paste (excluding personal information) the statement that says you need to pay this by the 18th.

PRAISETHESUN

Check the transaction details of the statement due on the 18th. I highly doubt the purchase made on the 14th will be on there - that purchase will be collected on your next statement. If you haven't made any purchases last month then the "minimum payment" they refer to will be a payment of £0.

molerat

Yahoo_Mail said:

At the very least the 18th is a Sunday and they know when weekends are.

How does that affect anything ?  Some of my cards have weekends / bank holidays as both due dates and DD collection dates.

bradders1983

The minimum payment  stated online due on the 18th October will clearly relate to whatever the balance was on the 25th September (or a few days either side) statement and online hasnt changed this to a £0 to account for the fact you probably already paid it off.

K_W_the_Second

Yahoo_Mail said

There's no way a debit on the 14th would show as being due on the 18th on any credit card.  At the very least the 18th is a Sunday and they know when weekends are...

But they don't! It is a source of great annoyance to me that credit cards set weekend dates and then penalise customers for not paying until the following Monday because the bank delays payment. That's one reason why I always use direct debits now.

King Weasel

K_W_the_Second

Credit card companies are quite happy to issue statements showing a balance of £0 and specifying the deadline for paying it.

King Weasel

Adamskiodp

Thanks all for your replies.
Prior to the 14th Oct the last time the CC was used was 24th Sept and was paid off in full the next day. 

It’s not a major issue. We only use the CC for occasional purchases for the extra protection you get over debit cards.