Just got a credit card, question about payments

podge018

Say if I go and use it now online and buy something for €50. Can I then pay €50 onto that account via AIB internet banking straight away. Or do I have to wait until I get my monthly bill from them and then pay it?

If I can do the former, do I just add the account through "add bill" and then lodge money in there as and when I use their credit?

As an aside, if that is the case, can I also pay a load of money into, say, my eircom account and let it sit there until the next bill comes around?

Thanks

Zaph

You can pay your credit card bill any time you like, you don't have to wait until you get your statement. You can also pay more than your balance and run a credit balance if you like. Don't know anything about AIB internet banking so can't help you there.

I don't see any reason why you couldn't have a credit balance with Eircom, but you'd be losing out on any interest you might have earned had you left it until the bill was due.

Idleater

I would recommend letting one DD go through, just so you can assure yourself that it is working.

Personally I pay off the visa purchases online before the bill appears, but sometimes depending on holidays etc I miss it a month, in which case the DD gets triggered.

Using AIB internet banking you do "pay bill" and you select from current and to visa.

podge018

i haven't got direct debit set up on mine actually. I'll just pay it manually and use it kind of like a debit card. It's really only for online shops that don't take Laser.

Cheers.

cazzy

As regards the credit card payment, you can lodge as much and whenever you want - it will appear on you credit card statement as a credit transaction towards your balance.

To set a bill up on 24 hour banking select add bill and follow instructions. Next time you go in to your account to pay a bill that bill will appear under your drop down box as a bill you can pay to. (you will need your bill reference number/account number to set your bill up initially)

If you pay more than your balance on a bill (say Eircom) your next bill from them will have a credit balance.

podge018

Thanks for all the help. So I'm going to have to wait for my first bill no matter what (so I can set up the account on my internet banking).

homer911

You dont say who your CC account is with, but if with Tesco Pesonal Finance, for some reason the sort code/account number on the Bank Giro on the bottom of the statement is not the one to use for electronic payments - you will need to ring them for the details

podge018

It's an AIB visa card.