Pending transactions

Isjrs

Are there any credit cards that allow you to pay pending transactions on the payment due date? We use our credit card a lot and always pay the credit card balance rather than the statement balance each month. This seems to cause some confusion however because the previous month's pending transactions are added on to the statement balance which never seems to match up with our own records of what we have spent! Perhaps there is a credit out there which makes things a lot clearer in terms of what has been paid, what is owing and what has not been paid!
Ant recommendations and/or advice would be welcome.
Thank you.

Nasqueron

Just set the card to be paid in full by direct debit every month or if you need to pay manually, pay the statement total a few business days before the due date, it's much simpler than trying to do what you're trying to do as you have no way to know if the pending transaction will even complete or get refunded etc

sausage_time

The problem with pending transactions is that they may be for the incorrect amount (too high for example), or they may never be applied (eg hotel deposit for room charges never used).  In that case you could end up with a positive balance on your card which is not allowed in general.  Is there a reason you can't simply accept the statement balance?

born_again

Isjrs said:

Are there any credit cards that allow you to pay pending transactions on the payment due date? We use our credit card a lot and always pay the credit card balance rather than the statement balance each month. This seems to cause some confusion however because the previous month's pending transactions are added on to the statement balance which never seems to match up with our own records of what we have spent! Perhaps there is a credit out there which makes things a lot clearer in terms of what has been paid, what is owing and what has not been paid!
Ant recommendations and/or advice would be welcome.
Thank you.

No. 
As a pending Authorisation are just that. It may never debit. 
So you can not pay till it debits the account.

Think of it like this, you book a hotel or car hire & they place a pre auth of a large amount to cover themselves, car hire can place the damage excess amount. That is never going to debit. But you would have paid it.
Same fill car with fuel, they take a auth of £99, but only debit you for the correct amount taken..
You get why what you look for is simply not possible.👍

Why pay for transactions after the statement? You are missing out on the interest free period.

Desmond_Hume

All credit cards I’ve used make it clear what’s to be paid, what has been paid and what hasn’t. Yours does as well but you’re complicating it by paying for pending transactions. Just pay the statement balance. It really is that simple. 

grumbler

If it's not a very big amount pending, just add it to the statement balance and make a manual payment by a bank transfer. However I don't think that this will really make your accounting simpler.

surreysaver

The way a credit card works, is they send you a bill and you pay it. Its like going to a restaurant - you don't pay everytime they bring you a drink or a starter. They give you a bill at the end and you pay it.
If you pay the balance, you could end up underpaying and paying interest, or overpaying and having a credit balance. You'll just tie yourself up in knots if something appears on your statement and can't work it out. Just pay the monthly bill

There's regularly posts appearing in this forum where people do what you're doing and wondering why they get charged interest and can't work it out 

CliveOfIndia

Isjrs said:

We use our credit card a lot and always pay the credit card balance rather than the statement balance each month.

Why do you do this?  Just use the card as it is intended to be used - receive the statement, pay the "total amount" figure that's quoted.  I can't see any benefit in trying to juggle the figures manually.

As previous posters have mentioned, there are many reasons why a transaction can be placed in a "pending" status - common ones being car hire, hotel bookings and fuel bought at a pay-at-the-pump garage.  By its very nature, there's no guarantee that a pending transaction will actually end up getting statemented.

MEM62

Isjrs said:

We use our credit card a lot and always pay the credit card balance rather than the statement balance each month. 

There is absolutely no point in doing this.  Just clear your statement balance once you receive it each month.  

danthemoneysavingman

Agree with other posters. This is not how credit card is designed to work. You're missing out on a benefit of using the credit card by not taking advantage of the interest-free period.

The way you want to use it, I would suggest you just use DEBIT card instead.

If the point is cashback, perhaps a Chase bank account would serve you well (1% cashback on debit card transactions, £15 CB cap each month after 1st 12mths).

Hope this helps.

Isjrs

Thank you for all your comments. Much appreciated.