Is credit card payment due ON or BEFORE due date?

matt8787

Just a quick Q - do I need to make credit card payment on the due date or before due date?
thanks

RobM99

Don't know, but I'd always go before in case a) there are technical issues b) I forget !

northwalesd

Technically it's due BY the date shown, so if you could gurantee a payment to the card would clear the same day, you could pay on teh day. Most payements I make manually say they will take some time to clear though, so I think you always need to make teh payment before the due date.

oldagetraveller1

Set up a Direct Debit and it's up to them whether just before or on due date.

May be for minimum or in full payment of statement.

blue.peter

northwalesd said:

 Most payements I make manually say they will take some time to clear though, so I think you always need to make teh payment before the due date.

These days, I pay by direct debit. However, when I paid manually (i.e., electronic transfers set up in my bank's online banking facility), I never had any difficulties when I paid on the due date.

As @RobM99 says, it's prudent to pay a day or two earlier. Better yet, as @oldagetraveller1 says, a direct debit saves worry. (Of course, if it's American Express, the DD gets collected a week or two before the due date. This might not be ideal. I don't know if there are any other card issuers that do this. There might be, so it's could be worth checking before setting up a DD.)

sourcrates

Payment must reach your account on the due date.

Some payment methods take longer than others to process, some creditors payment facilities take longer than others to update.

So always pay a day or two early, or by DD, then you should have no issues.

Mickey666

oldagetraveller1 said:

Set up a Direct Debit and it's up to them whether just before or on due date.

May be for minimum or in full payment of statement.

That’s what I do and although the date that money leaves my account can vary by a day or two I’ve never had any issues with payments being late because it’s entirely the card company’s responsibility.  Just one less thing to think about.

matt8787

I ask as I’m in that situation where I’ve set up a direct debit, but haven’t had confirmation it’s in place.  Today is first payment due date and I haven’t seen anything come out of my account.  So I’ve made a manual payment too - but what with it being Sunday, hope it still goes through in time

Thrugelmir

matt8787 said:

I ask as I’m in that situation where I’ve set up a direct debit, but haven’t had confirmation it’s in place.  Today is first payment due date and I haven’t seen anything come out of my account.  So I’ve made a manual payment too - but what with it being Sunday, hope it still goes through in time

Sunday isn't a working day as far as banks are concerned. DD will be taken tomorrow. 

blue.peter

Thrugelmir said:

matt8787 said:

I ask as I’m in that situation where I’ve set up a direct debit, but haven’t had confirmation it’s in place.  Today is first payment due date and I haven’t seen anything come out of my account.  So I’ve made a manual payment too - but what with it being Sunday, hope it still goes through in time

Sunday isn't a working day as far as banks are concerned. DD will be taken tomorrow. 

I wouldn't bet on it. It may be that the DD was set up too late for collection of the current amount due. Check your statement. Does it say that the DD will collect, and how much and when? If not, it probably won't. Check with your card issuer if you want certainty.

Making a manual payment is the safe option.. but it might result in paying twice.

femalemonarchfemalecanine

I've recently done faster payments to pay off 0% balances on the day the offer runs out and they were paid no problem and no interest charged.