New Stoozer. When do I have to pay off balance?

Tharweb

Can an experienced Stoozer advise on this? I have just read this article http://www.gemnet.freeserve.co.uk/stooz.htm and point 23 seems to indicate that the date the balance is due to be paid off, may not coincide with a statement payment date. Is this usually the case in your experience?

I have plenty of time but just need to know what to watch out for.

Thanks

gritts

The statement date may not coincide with the end of the 0% period.

When you call to first activate your card confirm when the 0% period ends. Then 2 months before this date I always call up again to check and reconfirm noting the name of the person who gave me this info.

smartsaver

I do the same and always repay the final balance 10 days before the 0% runs out to avoid hitches....

deemy2004

Can an experienced Stoozer advise on this? I have just read this article http://www.gemnet.freeserve.co.uk/stooz.htm  and point 23 seems to indicate that the date the balance is due to be paid off, may not coincide with a statement payment date. Is this usually the case in your experience?

I have plenty of time but just need to know what to watch out for.

Thanks  :)

All cards are different, but usually the last statement pay by date is AFTER the 0% ends - So you need to pay WELL BEFORE the pay by date.

Some cards are good (MBNA) and indicate clearly when the 0% runs out, others are more devious (Halifax One), and they ensure that the 0% runs out at an awkward time relative to the statement and pay by dates so you need to calc well before to ensure you don't miss the REAL date.

Unbelievable_2

others are more devious (Halifax One), and they ensure that the 0% runs out at an awkward time relative to the statement and pay by dates

I have a Bank of Scotland One card and it states clearly on every statement when the 0% intro period ends - the one I have problems with is Mint! :-/

mary

others are more devious (Halifax One), and they ensure that the 0% runs out at an awkward time relative to the statement and pay by dates so you need to calc well before to ensure you don't miss the REAL date.

The Halifax One Statement of Account in front of me states in the "Summary of Charges " box, that the Introductory End date for Balance Transfers and Purchases is 24/02/2005 - in my particular case.    That date comes on every statement they have sent me.  It is small, but it is there.

So I'm assuming that is the date when everything should be cleared.    

However, with regard to Halifax, I thought I would have another look when I could apply for an increase and it seems their rules are different from when I looked a couple of weeks back, they state,

"You can ask us to consider a change to your credit limit as long as:
     -    When you applied for your card you did not take the full credit limit that was offered to you
     -    You have held your card for at least 6 months"

They gave me a very ungenerous £900, and of course I took the lot, what was I meant to do, take £899?    So, do I assume I am now disallowed for requesting an increase for the remaining 3 months?    In any case, how much should I go for, £2k, £3k ...

Unbelievable_2

Mary

HBOS increased my credit limit automatically after 6 months - it went from £6500 to £7800. It must be worth prompting them - give it a go

Milarky

It's important to recognise that going one day over the date [i.e. even if you know it] of the end of the 0% period only costs 1 day's interest. I try to get as close to that date as possible if repaying by cash [e.g. debit card 1 day before or BACS 2 days before]