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Credit card payments....direct debit.
dazzaofdagenham
Posts: 1,521 Forumite
in Credit cards
Does it matter to the credit card company if I pay by direct debit ?
I don’t get paid on the same day each month, so I am not a fan really of direct debits....so does it matter to the card company if I don’t pay that way.
I have my banking app on my phone and have faster payments setup for my cards, so I can pay very quickly when I need to.
I don’t get paid on the same day each month, so I am not a fan really of direct debits....so does it matter to the card company if I don’t pay that way.
I have my banking app on my phone and have faster payments setup for my cards, so I can pay very quickly when I need to.
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Comments
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It doesn't matter much to them.
Although in the world of sub prime, direct debit customers are often considered lower risk and therefore less subject to rate increases.0 -
It doesn't matter at all.
Your payment method isn't logged by the CRAs. Somehow I doubt whether CCs pay much attention to how you are paying. DDs are no guarantee of payment being received - if you have insufficient funds they bounce.
I don't use DD and haven't had any problems.0 -
Deleted_User wrote: »It doesn't matter much to them.
Although in the world of sub prime, direct debit customers are often considered lower risk and therefore less subject to rate increases.
I suppose I’m sub prime.
However had 2 increases on my aqua card and just had one increase on my amazon card0 -
Direct has always seemed the easiest for me. Like the person said above (low risk). Also faster!0
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i always pay full balance off each month to avoid interest on CC.
i usually pay bulk using a debit card so that leaving about £1 left is paid by DD from a Santander 123 to trigger interest paid to me.
consider that method maybe ?0 -
All credit to capital one
Today got a app update that allows to vary the direct debit
Before the option was to pay either the min amount or clear the full balance..
Now have option for a fixed amount between zero and the credit limit
Well done0
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