Warning, Check Your Payment Due This Month!

Geenie

:mad: I have just had my Barclaycard statement through this morning and I see that payment has to be received by the 25th Feb!!!:eek: It's not even a full month since the last one I paid, which was due by the 4th Feb, but goes to Barclaycard a few days before this. Never known such a short time inbetween payments due!! My money goes into my bank account the 1st of each month.

So check your statements and make sure you have the funds in place as if everyone is doing the same as Barclaycard, you could get caught short with no money in your account, and then they will slap on charges!! Are they trying to catch people out?

Mozette

Which is why it is always a good idea to set up a direct debit for the minimum amount.

Geenie

Hadn't thought about the minimum payment by DD because I always pay the balance in full each month.

Primrose

Yes, best to set up a direct debit for these things and then there's no way any sneaky changes can catch you out and cause you to be charged for late payments.

missile

I always pay balance in full by DD, unless it is a 0% card. Still a valid point by OP, one needs to ensure there is sufficient in the account to cover DD.

Geenie

Primrose wrote: »

Yes, best to set up a direct debit for these things and then there's no way any sneaky changes can catch you out and cause you to be charged for late payments.

I use to pay by DD, but because I only have about enough going in my bank account the 1st of each month to pay off the credit card in full, I stopped it a few years back because this very same thing happened, ie 2 payments in one month, and the 2nd debit was stopped by the bank because of insufficient funds, so was charged heavily by Barclaycard. I used to find with DD that I never checked through statements properly like I do now, and probably wouldn't have noticed it this time if still on one.

Mozette

Geenie wrote: »

Hadn't thought about the minimum payment by DD because I always pay the balance in full each month.

But you can always pay more, but if you pay the minimum at least it minimises the things they can charge you for.
Or if you always pay it off, then DD the full amount.

LittleVoice

Mozette wrote: »

But you can always pay more, but if you pay the minimum at least it minimises the things they can charge you for.
Or if you always pay it off, then DD the full amount.

Mozette - the whole point of the original post was to point up the need to ensure you have enough money in your account to meet the payment which may be called earlier than you had been lulled into thinking it would! Having a DD set up is a good think but it doesn't mean you will have funds in your account at the time it is taken so you can still be caught out by two payments in one month.

Mozette

LittleVoice wrote: »

Mozette - the whole point of the original post was to point up the need to ensure you have enough money in your account to meet the payment which may be called earlier than you had been lulled into thinking it would! Having a DD set up is a good think but it doesn't mean you will have funds in your account at the time it is taken so you can still be caught out by two payments in one month.

Yeah, I get the point, and maybe I'm just a bit anal, but I work out my current account to the penny, so whenever a credit card took my payment there would be enough to cover it (provided it was in the same month, I admit), as I don't consider anything 'promised' as mine to spend.
I do have the comfort of regular income, I admit.
Sorry, I wasn't intending to have a go, forewarned is forearmed after all, but so long as the minimum is paid, at least all you'd get stung for is interest was my point.
Always good to warned of the tricks used by credit card companies though.

LittleVoice

Mozette wrote: »

. . . I work out my current account to the penny, . . .

There are probably a lot of us like that.;)

Geenie

Mozette wrote: »

Yeah, I get the point, and maybe I'm just a bit anal, but I work out my current account to the penny, so whenever a credit card took my payment there would be enough to cover it (provided it was in the same month, I admit), as I don't consider anything 'promised' as mine to spend.
I do have the comfort of regular income, I admit.
Sorry, I wasn't intending to have a go, forewarned is forearmed after all, but so long as the minimum is paid, at least all you'd get stung for is interest was my point.
Always good to warned of the tricks used by credit card companies though.

I don't think you are being anal I was trying to make a point of I don't like paying anything to Barclaycard and that includes interest. My bank account is used only to pay off my credit card, so normally it has enough funds going in by DD to pay off the card for 1 months use, as I never go over a certain limit when spending on it.

None of this is really as problem for me as I can transfer money from other accounts to pay off the card, but I thought for others who don't have spare cash each month, 2 payments in one go could cause problems, especially if they can only manage minimum payment once a month at the best of times.