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    • kingandsoraka
    • By kingandsoraka 11th Mar 18, 4:49 AM
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    kingandsoraka
    Can You Pay Barclaycard Early?
    • #1
    • 11th Mar 18, 4:49 AM
    Can You Pay Barclaycard Early? 11th Mar 18 at 4:49 AM
    Is it possible to pay off a Barclay card before the statement is out? As a example, my card currently has a 0 balance, if I made a 300 purchase today, would I be able to login tomorrow and pay it off in full or would I have to wait for the statement to be generated?
Page 1
    • Superscrooge
    • By Superscrooge 11th Mar 18, 5:03 AM
    • 1,081 Posts
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    Superscrooge
    • #2
    • 11th Mar 18, 5:03 AM
    • #2
    • 11th Mar 18, 5:03 AM
    You could pay the balance before the statement is generated, but the two negatives of doing this are;

    1. You are not taking advantage of the interest free period
    2. If there is a zero balance on your credit card every time it is reported to the credit reference agencies, it looks as though your credit card is not being used.
    • agrinnall
    • By agrinnall 11th Mar 18, 8:29 AM
    • 20,155 Posts
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    agrinnall
    • #3
    • 11th Mar 18, 8:29 AM
    • #3
    • 11th Mar 18, 8:29 AM
    It's also quite likely that your purchase won't be showing on your account for several days, so by making a payment tomorrow you would effectively be pre-loading your card with credit, which is against the T&Cs.
    • cooltt
    • By cooltt 11th Mar 18, 8:57 AM
    • 583 Posts
    • 346 Thanks
    cooltt
    • #4
    • 11th Mar 18, 8:57 AM
    • #4
    • 11th Mar 18, 8:57 AM
    Is it possible to pay off a Barclay card before the statement is out? As a example, my card currently has a 0 balance, if I made a 300 purchase today, would I be able to login tomorrow and pay it off in full or would I have to wait for the statement to be generated?
    Originally posted by kingandsoraka
    Please ignore the clowns on the board, there's nothing "negative" about having a zero balance on your credit file (it's called responsibly managing your available credit) or not taking advantage of the interest free period.

    You can pay of a balance anytime you want prior to the statement date, I do it all the time with my cards nothing wrong with my file, funny that.
    With regards to Barclaycard, by the time the 300 payment is posted the purchase would have been posted too.
    • adindas
    • By adindas 11th Mar 18, 9:42 AM
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    adindas
    • #5
    • 11th Mar 18, 9:42 AM
    • #5
    • 11th Mar 18, 9:42 AM
    Is it possible to pay off a Barclay card before the statement is out? As a example, my card currently has a 0 balance, if I made a 300 purchase today, would I be able to login tomorrow and pay it off in full or would I have to wait for the statement to be generated?
    Originally posted by kingandsoraka
    Yes, You could do that (see below)
    But you will need to make sure that the purchase is already posted to your card account online (it could take more than one day). Otherwise, you are breaking the T&C put your card in credit.

    To make sure you will need to check your CC online A/C anytime you do a purchase which means doing work unnecessarily?

    Also like other posters have said, doing this you are not taking advantage of the interest-free period of at least one month.

    If you just want to make sure you don't miss any payment, just set up a DD. Doing this you have transfer responsibility to those who need to collect it.
    • BoGoF
    • By BoGoF 11th Mar 18, 9:53 AM
    • 3,138 Posts
    • 2,427 Thanks
    BoGoF
    • #6
    • 11th Mar 18, 9:53 AM
    • #6
    • 11th Mar 18, 9:53 AM
    Please ignore the clowns on the board, there's nothing "negative" about having a zero balance on your credit file (it's called responsibly managing your available credit) or not taking advantage of the interest free period.
    Originally posted by cooltt
    It might not be a 'negative' but it's certainly not a positive as far as demonstrating to other would be lenders that you can manage credit. If you do as OP suggests then as far as your credit file goes, you are not using the card.

    Surely the point of having a CC is to take advantage of such things as interest free periods. If not for you then why not get a prepaid card?
    • Ben8282
    • By Ben8282 11th Mar 18, 11:19 AM
    • 2,283 Posts
    • 1,017 Thanks
    Ben8282
    • #7
    • 11th Mar 18, 11:19 AM
    • #7
    • 11th Mar 18, 11:19 AM
    But why do you want to pay off the purchase so quickly? It makes no sense. Why not wait for the statement and pay the statement normally?
    • IanManc
    • By IanManc 11th Mar 18, 11:43 AM
    • 542 Posts
    • 876 Thanks
    IanManc
    • #8
    • 11th Mar 18, 11:43 AM
    • #8
    • 11th Mar 18, 11:43 AM
    Please ignore the clowns on the board,
    Originally posted by cooltt
    Insulting other forum contributors with whom you disagree doesn't give your opinion greater weight or authority compared with their opinion - it just makes you look nasty, which I'm sure wasn't your intention.

    • YorkshireBoy
    • By YorkshireBoy 11th Mar 18, 11:47 AM
    • 30,152 Posts
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    YorkshireBoy
    • #9
    • 11th Mar 18, 11:47 AM
    • #9
    • 11th Mar 18, 11:47 AM
    But why do you want to pay off the purchase so quickly?
    Originally posted by Ben8282
    Very small credit limit, say 500...and another large purchase envisaged soon?
    • chattychappy
    • By chattychappy 11th Mar 18, 11:56 AM
    • 6,765 Posts
    • 3,659 Thanks
    chattychappy
    It's also quite likely that your purchase won't be showing on your account for several days, so by making a payment tomorrow you would effectively be pre-loading your card with credit, which is against the T&Cs.
    Originally posted by agrinnall
    I disagree with this analysis. Once you have made your purchase, you owe Barclaycard in respect of your purchase. So you are not putting your account into credit by making payment. It maybe that their system transiently shows the account in credit, but this is not the true position - this is down to posting lag. Once the transaction is posted to the account, the transaction date should show that you sent payment after making the purchase. Typically as soon as you have made a purchase, the transaction becomes "pending" and your available credit is reduced, so I don't think you are at any risk of being accused of breaking T+Cs.

    By the way, with my Barclaycard, it never takes "several days" for a purchase to show, usually a couple at most.
    • agrinnall
    • By agrinnall 11th Mar 18, 6:11 PM
    • 20,155 Posts
    • 15,879 Thanks
    agrinnall

    By the way, with my Barclaycard, it never takes "several days" for a purchase to show, usually a couple at most.
    Originally posted by chattychappy
    So what happens if the retailer doesn't post the transaction to Barclaycard for days/weeks/months/ever (as has happened with me)? It may never have happened to you but you certainly can't say it never happens (and I'm pretty sure that you'd be well aware of that).
    • Gary_Dexter
    • By Gary_Dexter 11th Mar 18, 8:33 PM
    • 1,156 Posts
    • 648 Thanks
    Gary_Dexter
    Can you? Yes
    Should you? No
    • TheJackah
    • By TheJackah 11th Mar 18, 9:37 PM
    • 17 Posts
    • 4 Thanks
    TheJackah
    You definitely can pay early. Just log-in online or via the app and select to pay via card. As others have said, though, a zero balance reported to credit agencies won't help your credit record, and you'll be making no use of any interest-free period (I believe Barclays do 56 days on purchases as standard + any introductory offers).

    I often pay bits of mine off early, but not the full amount, so that there's always a balance remaining.
    • chattychappy
    • By chattychappy 12th Mar 18, 12:28 AM
    • 6,765 Posts
    • 3,659 Thanks
    chattychappy
    So what happens if the retailer doesn't post the transaction to Barclaycard for days/weeks/months/ever (as has happened with me)? It may never have happened to you but you certainly can't say it never happens (and I'm pretty sure that you'd be well aware of that).
    Originally posted by agrinnall
    Good point. But in my opinion you still owe the money. It might well be that the amount is never claimed from the CC and they never claim it from you, but that doesn't mean there isn't a debt. It is still owed, and in theory might one day be claimed from you.

    I've sometimes seen on receipts (mostly outside of the UK) a declaration that you agree to pay the amount shown.
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