Paying off balance

markyb12

 I recently upgraded my phone through Apple and purchased on my credit card ,
Payment is due on 28th dec
as Usual I will pay it off in full , but as I traded in my old phone Apple have just refunded the trade in cost back to my credit card ...
so here is my worry 
if I pay the balance I will be £280 in credit 
if I pay it off minus the £280 will I incur interest charges , seeing as how I personally didn’t pay the entire balance ,
I did ring Nationwide and ask this question 
he said pay it minus the £280 and I wouldn’t incur interest , but he didn’t sound as he was 100% sure , 
I know the call was recorded so I could refer back to that if I didn’t pay it all and incur the interest , 
Anyone any idea ?

SuperAllyB

He's right. The only time there is a possible issue with some providers is if the remaining balance is less than the minimum payment. At this time of year, and with a new iPhone on the bill, that's somewhat unlikely lol.

cymruchris

So you bought a phone - let's say the phone was £1000 pounds. That hits your bill. You're owing £1000. Statement comes says you owe £1000. Then between the statement date and the due date - Apple credits £280 for your old phone. You now owe £720, as £280 has been deducted from your outstanding balance. You now pay the £720. Your balance is now £0.  

TadleyBaggie

The only wrinkle here is is the payment in full is via direct debit, some providers will still take the original statement amount regardless of any intervening refunds or payments. Happened to me with a Sainburys CC and ended up with a £1400 credit balance I didn't want.

Ebe_Scrooge

Why not just pay the full statement balance, then you'll have no worries that you'll be hit with interest charges.  When the refund hits your account, you'll be in credit.  You can request the credit to be returned to your account, or if you use the card regularly anyway, just let it get used up in your regular spending.  Seems to be the simplest way, and would ensure you're not hit with any interest charges for not paying off the full balance, however the card provider chooses to interpret it.

markyb12

Thanks for the replies 
seems two of you say pay off in full and claim money back , and 2 say pay off the balance minus the £280 which as gone back on a few days ago
payment due by the 28th

sourcrates

If you overpay, you can request a refund from your card provider.

A payment to your account is classed as a credit, no matter who makes it.

A zero balance is a zero balance in anyone`s language.