I have a direct debit set up to pay off my credit card bill in full every month. The things I purchased in November will not be paid for until early January. This means my available balance for Christmas shopping is very low. Presumably, if I go on line and pay for my November goods early, my available balance will go up? Right? But what happens on direct debit day in January? Will they take money again because I will have December's shopping on my account?
Howjado Am I missing something here? Why can you not use the money you have for paying off the Credit Card to make the Christmas Purchases, without putting them on the card? Then your direct debits would not be affected.
I've paid off by phone before now and had no problem my card is JL partnership card and you just end up with the direct debit paying off any residual. I used to do it before going on holiday so I'd plenty credit left. They then upped my credit limit so I don't need to!
I have had a reply back from the bank re: paying off credit card bills early. This information may be useful to others.
"If you pay the full balance off at least 5 WORKING DAYS BEFORE your payment is due, then the Direct Debit will take nothing. However if you pay the full balance off within 5 working days of the payment date, the Direct Debit will take the funds again".