99% Consolodated-Lendable.

Dandytf

Thanks @Deleted_User
It's been a while paying in full, I thought there was something about avoiding making payment before next payment date, wonder what Tesco will do whilst I have mIn DD , I had been paying their 25 Min, though I only have 20 pounds balance, does my Min DD in effect become paid in full.

[Deleted User]

Dandytf said:

Thanks @Deleted_User
It's been a while paying in full, I thought there was something about avoiding making payment before next payment date, wonder what Tesco will do whilst I have mIn DD , I had been paying their 25 Min, though I only have 20 pounds balance, does my Min DD in effect become paid in full.

Basically so long as you pay in full after the statement is created, it's reported as good credit management - it would be better to pay on a direct debit for safety in case you forget. If you pay before statement is made, the statement is reported as zero (i.e. appears you aren't using it). The statement tells you the date you must pay at least the minimum by. The minimum is always going to be some % of the balance or a fixed sum, whichever is lower - if your balance is lower, they will simply take the whole lot as they never want you in credit.

Dandytf

Deleted_User said:

Dandytf said:

Thanks @Deleted_User
It's been a while paying in full, I thought there was something about avoiding making payment before next payment date, wonder what Tesco will do whilst I have mIn DD , I had been paying their 25 Min, though I only have 20 pounds balance, does my Min DD in effect become paid in full.

Basically so long as you pay in full after the statement is created, it's reported as good credit management - it would be better to pay on a direct debit for safety in case you forget. If you pay before statement is made, the statement is reported as zero (i.e. appears you aren't using it). The statement tells you the date you must pay at least the minimum by. The minimum is always going to be some % of the balance or a fixed sum, whichever is lower - if your balance is lower, they will simply take the whole lot as they never want you in credit.

Though is Tesco going to take their 25 min DD which has been for everyone since day1 (not from 1 3 or 5`% or 5 pounds- this foundation card has always been 25 pounds min DD.
or do they take my <25 pounds balance and in effect clear in full.