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Credit cards and direct debits

  • 06-02-2007 12:27pm
    #1
    311
    Closed Accounts Posts: 5,332 ✭✭✭


    Hello ,was wondering if someone could give a little advice on something for me.
    Basically I got a credit card a couple of weeks ago and I'm not sure whether or not to pay the bills in full with direct debit.

    Are credit card companies more inclined to do less for you ,if your bill has been paid in full?
    I thought maybe a direct debit for minimum amount and then pay the rest in the post office ,was a good idea aswell.

    Whats the best way to go with this ?

    Appreciate your time,

    Brian.


Comments

  • #2
    BuffyBot
    Registered Users, Registered Users 2 Posts: 24,924 ✭✭✭✭BuffyBot


    It's really up to you - whatever you think you will find most convenient, and how your budget looks. There will be no different in the treatment of you by the card issuer either way, once the minimum balance is paid and you are not in arrears.


  • #3
    311
    Closed Accounts Posts: 5,332 ✭✭✭311


    Fair enough ,thanks for the reply buffy:)


  • #4
    Idleater
    Registered Users, Registered Users 2 Posts: 6,236 ✭✭✭Idleater


    Personally, I would pay off 100% of the bill each and every time by DD.

    My reasoning is that the 17% (or whatever) rate that is applied to outstanding balances would cost much more than any "benifit" one could recieve from being a good customer and allowing the bank to charge you such excessive rates.

    Besides, what sort of "good" customer do you want to become? If you want an increased credit limit, they are still going to give it to you regardless of whether you can pay it back or not.

    L.


  • #5
    tHE vAGGABOND
    Registered Users, Registered Users 2 Posts: 6,693 ✭✭✭tHE vAGGABOND


    pay off as much as you can afford - ideally everything..

    I would try and avoid falling into the trap most people do with their first card, and paying the min 5% and spending it like its free money. You will find that before you know it that you will have several grand of debt which will be a right pain to clear..


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