Stupid question about credit card payments

[TheOGCCL]

What exactly is due on the payment due date?

By the time this date rolls round, and because I’m using the card to buy clothes to try out that are often returned, the live balance on the card is not the same as the amount on the snapshot monthly statement - its lower.

If I incur more expenses following the statement date that affect the card balance are these due or I have another month? How do I work out what is actually due on the payment date when there’s a mixture of transactions pre and post statement? I want to ensure I pay off the balance in full but not sure what figure I’m working to.

For example, I might have a debt of £400 on one month’s statement, have £300 of that refunded before the payment due date but then spend maybe another £200 also before the payment due date, but after the statement was issued. How much do I owe? £100 or £300? If the former, do I have to manually calculate the amount needed to pay it off in full based on refunds and the dates of transactions? I don’t really want to end up overpaying pending more potential refunds.

TIA!

Set up a direct debit, the payment will be calculated for you.

If you get a credit back from a rerun after you’ve made a payment you’ll be in credit on the account.

Alternatively, set up the dd for the minimum so you’re not behind on payments and pay the balance manually.

@Hotandbothereds I don’t want to be charged any interest though, re a minimum payment - my question is more how do I calculate what is due if the balance on the live account does not match the info on the statement.

Set up your direct debit to automatically pay the full balance monthly.

There’s also plenty of 0% credit card deals around at the moment so you’d be better off using one of those than one that charges you interest.

It depends on the bank and whether you have a direct debit set up for the minimum or whole amount. If you have no direct debit just pay what the balance is now before the due date. You will not be charged interest.

Does your credit card have an app? This is a much easier way to keep track of balances and payments. You will be able to see the up-to-date balance as it is on the day you are paying rather than when the statement was generated.

Just ask them to take the full balance as a direct debit each month. anything that gets refunded the next month will come off the next month's bill.

The 400 you've spent, minus any refunds made.
Think of the original bill being 400. The refunds being partial repayments. You need to give them the rest so they have had 400 in total.

Tesco MasterCard DD will take the statement balance, less any refunds processed after the statement date. If I was paying manually I'd pay the statement amount just in case.

Except for the fact that some banks don’t treat refunds as payments

Pretty sure I read my Tesco cc dosent count refunds as payment,. You might be best to call your provider and ask directly.

Your credit card balance will be calculated at a specific date, and your payment due date will be later.
If you receive a refund in between the balance date and the payment date, you can subtract that from the amount due.
My statement this month is calculated on the on 23 September and is £500 (as an example), but I have until 18 October to pay it off. If I receive a £250 refund in between those dates, I just pay the remaining £250 on 18 October.

@TheOGCCL you go by the STATEMENT - the balance just reflects what you have spent since the statement was issued. You will not be charged interest on the extra - it will be on next months statement