Paying off credit card

  • mezatka07's Avatar
    Fresh Eyes
    Hello,

    I am not quite sure how paying off credit card balance work.

    I get statements around 15 or 16th every month.

    My payments are due every 10th of the month.

    I pay off the balance every month.

    Usually I pay it off in few transactions for example on 15th, 23rd and 29th of the month so there is nothing more to pay on 10th next month (which is a due date)

    This time I made a payment on 6th of September £200

    I don’t know now if my payment will go towards the new balance on the card (£1000 that is due 10 October 2024) or was it deducted before they gave me the balance?

    Do I have to pay £1000 before 10th October or £800 (1000 balance on credit card less £200 I already paid before I got my next statement…)

    I am so confused and I want to avoid charges.
  • 1 Reply

  • ChristopherP's Avatar
    Your Community Expert
    @mezatka07 Hey there, thanks for getting in touch!

    Any payments made before your statement is produced will be classed as an additional payment towards your previous statement.

    This means that in the example outlined above, the payment would go towards your September statement and you will need to pay your October statement on the due date.

    I hope this clarifies things for you.


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