Credit card question

[EveryoneOutsideNow]

I’m new to credit cards, got my first one a few months ago to build up my credit history.

I’ve set up a direct debit to pay the full amount each month. I’ve received a statement today, with a payment date of 10th March. If I buy something on the card next week, will the amount be added to come off with this statement total, or would it be on next months statement?

I want to make sure I have enough to cover the bill, will delay buying if it was added onto this months balance.

Anything you spend now will come off next months statement.
They will take what they have sent you.

Yes, your direct debit will be the total amount of the statement.

There should be a list of transactions, say up to 18 Feb. The amount for all these will be taken on 10 March.

Then all the transactions you make from 19 Feb to 18 March will be put on a statement on 18 March and the total of those transactions will come out on or around 10 April.

They won't take more than the statement amount, but they might take less because some credit cards count refunds as payments, but not all do, and you don't need to worry about this. Once you've had the card for a few months, you'll get into the swing of things and it will just run itself.

Well done on setting up your direct debit EveryoneOutsideNow. You won't have to remember making a payment or end up paying interest this way.

There's something called the direct debit guarantee which means that companies have to give you a set period of notice before taking your money. It's usually 10 working days. This means that you know the amount you have to pay on the 10th March is the same as the amount shown on your statement.

Once you've had your statement nothing on it can change.

Does your card have an app or online version, much easier to keep on track than waiting for a statement

Normally you get a statement with a month until your next statement is produced. Your payment due date is usually a few days before your statement production date - eg payment due date on 10 March and statement on 12 March with any interest fees added to your balance. Then 10 April for next payment due date and 10 April for April’s statement

The gap between your statement and the due date is a bit strange as it’s not quite a month. 2.5 weeks?

If you buy something before 10 March, it will be need to be paid off by 10 March if you don’t want it included in your next statement