I forgot a monthly payment on Barclaycard - and got charged interest and
late payment fee, not the end of the world but just annoying!
Is it possible to keep a credit balance on Barclaycard just to avoid
such charges if a payment is delayed or mislaid on any future month?
What do the T&C's say? Mind you, you can probably do it even if the
T&C's say that you can't.
This is certainly the case with my Halifax Clarity CC. I used mine to
make some cash withdrawals while overseas, and then immediately
transferred some funds into my account manually to avoid being charged
interest. But Halifax - in true Magnus "I've started so I'll finish"
fashion - went ahead with the full DD to pay off my balance, so I ended
up in *credit* until I'd made enough subsequent purchases to use up the
credit. The T&C's say that you can't have a credit balance and that if
you try, they'll immediately refund it. In practice, they don't!
wrote as underneath :
Thanks for your thaughts everyone, I think Tim maybe right but Im going
to just try it anyway, I cant be bothered to wade through an acre of
microprint t&cs that wont give a direct answer anyway! I like to keep
DDs to the minimum, but maybe will have to do that in the end. C+
That's how you'd expect it to work, but my experience with Halifax is
that they still go ahead with the DD for the full statement balance even
if you've already paid some of it manually - thereby creating a
(non-allowed!) credit balance.
That's how I ended up with a positive balance on Barclaycard. I
normally pay the minimum by direct debit, but this time I wanted to
clear off the entire balance. I paid the entire balance by debit card
on the Barclaycard web site after it told me they wouldn't be taking
the DD payment if I did that.
It turned out that they did actually take the DD payment as well, so
the account ended up in credit. I think this happened because I made
the payment only a couple of days before the DD was due, so the DD
process was already underway. If I had paid a few days earlier, the DD
may not have been taken.
Yes, but if you invoke the DDG it usually means that the DD is cancelled as
well getting a refund. So if you want to continue using DD to pay for the
same service, it has to be set up again.
That's worth the effort if the error has been particularly egregious (such
as when NTL-as-was managed to erroneously take an amount an order of
magnitude greater than my regular monthly payment), but if it's only £25 on
a card that you normally spend a couple of hundred on then it's easier to
just let it go. Provided, of course, that you don't actually lose the
money, it gets correctly assigned to your account.
Same thing happened to me because I was on holiday and didn't then have mob
The problem exists because some of us like to feel we are in control, but i
t only works as long as we are properly in control of events and we are all
To make matters worse if, like me, I send an electronic payment by what sho
uld be the faster payments service if it were to anyone else, Barclaycard d
on't appear to accept the payment in 2.5hrs especially when you want it the
re. My bank comes back to me with a message saying "the recipient cannot sa
y when it will process the payment".
...and another thing with Barclaycard, everyone I know has a £30 contactl
ess single transaction limit, but I have a £20 limit. Any idea what's tha
t about?..or is that a Barclaycard thing?