Direct debit for credit cards

[Trevor]

Can anyone recommend a UK credit card where it is possible to create a
direct debit for the FULL MONTHLY AMOUNT to be paid automatically?
Most credit cards only allow the minumum amount to be paid, but I
would like to pay the full amount by direct debit.

At present I have American Express accounts, where this is possible,
but I was wondering whether anyone has a Visa or Mastercard account
where this is possible.

Many thanks.

 

[Rachel]

Can anyone recommend a UK credit card where it is possible to create a
direct debit for the FULL MONTHLY AMOUNT to be paid automatically?
Most credit cards only allow the minumum amount to be paid, but I
would like to pay the full amount by direct debit.

At present I have American Express accounts, where this is possible,
but I was wondering whether anyone has a Visa or Mastercard account
where this is possible.

Many thanks.

Egg Card

 

[Allan Gould]

Can anyone recommend a UK credit card where it is possible to create a
direct debit for the FULL MONTHLY AMOUNT to be paid automatically?
Most credit cards only allow the minumum amount to be paid, but I
would like to pay the full amount by direct debit.

At present I have American Express accounts, where this is possible,
but I was wondering whether anyone has a Visa or Mastercard account
where this is possible.

Barclaycard offer minimum and full monthly amount by DD.
Full amount is taken 10 days before "due date". A bit of a cheek, but
with interest rates low it's not a big deal, and the automatic DD saves
the hassle of having to remember to pay the account each month.

Allan

 

[root]

[...]

Barclaycard offer minimum and full monthly amount by DD.
Full amount is taken 10 days before "due date". A bit of a cheek, but
with interest rates low it's not a big deal, and the automatic DD saves
the hassle of having to remember to pay the account each month.

Eek! Have you seen how "low" Barclaycards' interest rates are?

 

[Tim]

Can anyone recommend a UK credit card where it is possible to create a
direct debit for the FULL MONTHLY AMOUNT to be paid automatically?
Most credit cards only allow the minumum amount to be paid, but I
would like to pay the full amount by direct debit.

LLOYDS do this too.

Also, Cahoot allow three possibilities :-
(1) Minimum payment;
(2) Full amount; or
(3) A regular FIXED amount.

It's always worth asking whether a particular card will do it - even though
they may initially push you towards the minimum direct debit only, many seem
to allow full payment to be set up if you push them!!

 

[GSV Three Minds in a Can]

Can anyone recommend a UK credit card where it is possible to create a
direct debit for the FULL MONTHLY AMOUNT to be paid automatically?
Most credit cards only allow the minumum amount to be paid, but I
would like to pay the full amount by direct debit.

At present I have American Express accounts, where this is possible,
but I was wondering whether anyone has a Visa or Mastercard account
where this is possible.

It is possible with all of them (*), you just have to be persistent
about it.

(*) i.e. so far I have never found one that I couldn't persuade to do
this .. natwest, Co-op, Beneficial, Morgan Stanley, Capital one, Amex,
barclaycard, to name but a few (as you can see, I chased 'no fee' and
'cashback' quite a lot. 8>.)

 

[Joe]

(e-mail address removed) (Trevor) wrote in @posting.google.com:

Can anyone recommend a UK credit card where it is possible to create a
direct debit for the FULL MONTHLY AMOUNT to be paid automatically?
Most credit cards only allow the minumum amount to be paid, but I
would like to pay the full amount by direct debit.

At present I have American Express accounts, where this is possible,
but I was wondering whether anyone has a Visa or Mastercard account
where this is possible.

Many thanks.

You can do this with the Nationwide Visa card.

Joe.

 

[Sunil Sood]

Can anyone recommend a UK credit card where it is possible to create a
direct debit for the FULL MONTHLY AMOUNT to be paid automatically?
Most credit cards only allow the minumum amount to be paid, but I
would like to pay the full amount by direct debit.

At present I have American Express accounts, where this is possible,
but I was wondering whether anyone has a Visa or Mastercard account
where this is possible.

In my experience, most credit cards have this option.

The following certainly do:

HSBC/First Direct
Egg
Barclaycard
Accucard/More Than
Capital One
Nationwide

and others...

Regards
Sunil

 

[Alex]

[...]

Barclaycard offer minimum and full monthly amount by DD.
Full amount is taken 10 days before "due date". A bit of a cheek, but
with interest rates low it's not a big deal, and the automatic DD saves
the hassle of having to remember to pay the account each month.

Eek! Have you seen how "low" Barclaycards' interest rates are?

I think he was referring to current account rates...

 

[Alex]

Without a hint of irony, (e-mail address removed) (Trevor) astounded uk.finance on 09
Jun 2004 by announcing:

Can anyone recommend a UK credit card where it is possible to create a
direct debit for the FULL MONTHLY AMOUNT to be paid automatically?
Most credit cards only allow the minumum amount to be paid, but I
would like to pay the full amount by direct debit.

At present I have American Express accounts, where this is possible,
but I was wondering whether anyone has a Visa or Mastercard account
where this is possible.

I'd have thought all of them, if you actually call customer services. I've
certainly never had one where I couldn't do this.

 

[mogga]

Can anyone recommend a UK credit card where it is possible to create a
direct debit for the FULL MONTHLY AMOUNT to be paid automatically?
Most credit cards only allow the minumum amount to be paid, but I
would like to pay the full amount by direct debit.

At present I have American Express accounts, where this is possible,
but I was wondering whether anyone has a Visa or Mastercard account
where this is possible.

Many thanks.

Lloyds TSB create card

 

[Peter Crosland]

Alliance and Leicester do.

 

[Tim]

Can anyone recommend a UK credit card where it is possible to create a
direct debit for the FULL MONTHLY AMOUNT to be paid automatically?

Judging by the number of replies to this initial post, perhaps it would be
quicker&easier to list those credit cards which do *not* allow full
payments??! ;-)

 

[Si]

it is possible with Amex - I have a full balance DD from my current account.

Just call customer services and tell them to amend the direct debit to take
the full balance.

Si.

 

[Alex]

Without a hint of irony, "Si" <[email protected]> astounded uk.finance

it is possible with Amex - I have a full balance DD from my current
account.

Just call customer services and tell them to amend the direct debit to
take the full balance.

And, from experience, don't take their first reply ;-)

 

[dp]

Most credit cards only allow the minumum amount to be paid, but I

would like to pay the full amount by direct debit.

I have not come across one with this restriction. In my experience credit
cards allow either minimum, full or fixed amounts to be paid by DD each
month. Which one restricts the DD to the minimum?

 

[Daytona]

Most credit cards only allow the minumum amount to be paid

Really ?! Care to list them ?

MBNA allows full payment. I have regularly taken advantage of balance
transfer rates so ask them to change between min. & max. twice a year
for the last few years. Have had one occurrence when they didn't
change it back to max. and they repaid all interest charges accrued
plus approx £30 compensation.

Daytona

 

[Trevor]

Wow! Thanks to everyone who replied to my question. I had no idea that
this was possible (I was holding on to Amex only for this reason...).

 

[BrianW]

Can anyone recommend a UK credit card where it is possible to create a
direct debit for the FULL MONTHLY AMOUNT to be paid automatically?
Most credit cards only allow the minumum amount to be paid, but I
would like to pay the full amount by direct debit.

At present I have American Express accounts, where this is possible,
but I was wondering whether anyone has a Visa or Mastercard account
where this is possible.

Many thanks.

This is pretty standard - although it may be a real struggle to get it to
happen - and they may well deny that you can do it.

All of my cards accept this - in principle at least: Goldfish Mastercard
(after a _major_ shambles - although now they are part of LTSB maybe it's
got better, although knowing LTSB's track record I rather doubt it), HSBC
Visa (although they never sent me the DD form despite reminders, so I gave
up trying in the end), Egg Visa (as another poster says, no problem there),
and Nationwide Visa (again no problem). HTH

A good idea if you always want to pay in full. I overlooked an HSBC payment
recently and was charged £15 for the privilege - plus interest of course.
(That was about 15% of the amount due. Nice money earner that - and if they
had bothered to process my request that would not have happened.) Bad if you
exceed your credit limit as well. They used to just increase the credit
limit, but these days they either refuse the transaction (embarrassing) or
(more likely) hit you with a penalty instead. Although if it's Egg they'll
probably offer you such a high credit limit that it would be very hard to
exceed it! (See a more recent post by me.)

Brian

 

[Allan Gould]

[...]

Barclaycard offer minimum and full monthly amount by DD.
Full amount is taken 10 days before "due date". A bit of a cheek, but
with interest rates low it's not a big deal, and the automatic DD saves
the hassle of having to remember to pay the account each month.

Eek! Have you seen how "low" Barclaycards' interest rates are?

I think he was referring to current account rates...

Absolutely. Thanks!
as in "10 days interest foregone from my bank account on the monthly
card bill is not worth the hassle of paying manually".
a.k.a "opportunity cost"

Allan