Clearing credit card

masterboy123

Hi All,

I am with AIB and noticed that my credit card is about to reach it's maximum limit.
The auto direct debit is not due for another two weeks.

Is there a way to clear off some amount? I remember paying the penalty last year for crossing the limit.

Thanks

whomitconcerns

masterboy123 wrote: »

Hi All,

I am with AIB and noticed that my credit card is about to reach it's maximum limit.
The auto direct debit is not due for another two weeks.

Is there a way to clear off some amount? I remember paying the penalty last year for crossing the limit.

Thanks

Just pay it? If you have online banking you can pay any amount any time, you don’t need to wait for your DD.

Not trying to be being rude, but if you know so little about how your card works, maybe you shouldn’t have a credit card? They can be a black hole if your not aware of exactly how they operate, Talk to your bank

Calahonda52

make a payment online or in person

Darc19

whomitconcerns wrote: »

Just pay it? Not being rude, but if you know so little about how your card works, maybe you shouldn’t have a credit card? Talk to your bank

You can preach (with no knowledge of the op) but can't provide an answer?


Op - if it's a business card and the full amount comes out each month then you can't pay off mid month.

If it's a personal card you should be able to call into a branch and make a lodgement to the card.

cdeb

Darc19 wrote: »

Op - if it's a business card and the full amount comes out each month then you can't pay off mid month.

Yes you can. I've done it lots of times. Just transfer funds to the card, as whomitconcerns says

mistress_gi

You can either transfer money into it (like if it's another bank account, it should have its own IBAN for payment purposes) or call into your bank and ask them for help paying all or part of it. There is no limit on the number of payments you can make into it.

whomitconcerns

Darc19 wrote: »

You can preach (with no knowledge of the op) but can't provide an answer?.

Someone got up on the wrong side of the bed this morning. I said say pay it and/or talk to your bank. They are the only two options for the op if they are unsure. Without coming up with scenarios like you suggested which may or may not be relevant.

Mrs OBumble

Darc19 wrote: »

You can preach (with no knowledge of the op) but can't provide an answer?
....

If it's a personal card you should be able to call into a branch and make a lodgement to the card.

Absolutely no need to call into a branch. Just transfer money to it thru the app.

lawred2

OP.. you should have the IBAN for payments on a recent bill. You must stick your credit card number in the payment reference so that it goes to paying off your balance.

It's as simple as that.

Shelflife

You can pay it in your local Post Office as well.

dotsman

lawred2 wrote: »

OP.. you should have the IBAN for payments on a recent bill. You must stick your credit card number in the payment reference so that it goes to paying off your balance.

It's as simple as that.

It's even simpler than that. If not already there, add it as a bill.Then, you can simply quick pay it. No need for a reference or anything else.

lawred2

dotsman wrote: »

It's even simpler than that. If not already there, add it as a bill.Then, you can simply quick pay it. No need for a reference or anything else.

that's likely alright

however it's not the same for all online banking... it's not that way for KBC anyway

definitely not that way if the card account wasn't with the same institution as the current account... But it's likely both with AIB

Bubbaclaus

lawred2 wrote: »

that's likely alright

however it's not the same for all online banking... it's not that way for KBC anyway

definitely not that way if the card account wasn't with the same institution as the current account... But it's likely both with AIB

I have a KBC credit card and it is automatically set up as a bill on the app. Can just send to it whenever and no need to mess with references or anything

lawred2

Bubbaclaus wrote: »

I have a KBC credit card and it is automatically set up as a bill on the app. Can just send to it whenever and no need to mess with references or anything

twasn't available like that moons ago... I've a saved payee anyway for it so it's much of a muchness

TheW1zard

Get another credit card and pay it off with that

dotsman

TheW1zard wrote: »

Get another credit card and pay it off with that

masterboy123

Well, I have credit card for the last 7 years and the purpose was to improve the chances of getting our mortgage approved (which did work).

It has quite high monthly limit and it has crossed the limit only once so far. So I never had to explore this area before.

But thanks everyone. I am gonna start with AIB mobile app and see how best i could transfer the money there.

whomitconcerns wrote: »

Not trying to be being rude, but if you know so little about how your card works, maybe you shouldn’t have a credit card? They can be a black hole if your not aware of exactly how they operate, Talk to your bank

Doodah7

Are you paying crazy interest every month?? If so you better get paying it down or you won't have much left for your mortgage payment...

It might also be worth your while moving to a 0% card that might give you breathing room for six months to pay the total down without paying c. 23% interest.

masterboy123

Zero interest! I have always repaid on time and probably have 10x savings of the max limit on my credit card. And actually I am getting cashback every month!

Update: AIB doesn't have any the option to transfer the money from the main account to the credit card account. There is no account number for the credit card, it's just a card number for credit card.

Doodah7 wrote: »

Are you paying crazy interest every month?? If so you better get paying it down or you won't have much left for your mortgage payment...

It might also be worth your while moving to a 0% card that might give you breathing room for six months to pay the total down without paying c. 23% interest.

cdeb

They give a number of options for making payments to your credit card on their site?

Linky; penultimate question.

Alun

masterboy123 wrote: »

Update: AIB doesn't have any the option to transfer the money from the main account to the credit card account. There is no account number for the credit card, it's just a card number for credit card.

You can pay it as a "bill" in the AIB app. You may need to add it as a bill somewhere first, or it may be in there automatically as a recipient, I can't remember.

MooShop

masterboy123 wrote: »

Update: AIB doesn't have any the option to transfer the money from the main account to the credit card account. There is no account number for the credit card, it's just a card number for credit card.

Yes there is, just click the menu, 'Pay & Transfer' and then 'Pay Bill'. Your credit card is automatically listed there. It's actually very simple on the app.

3DataModem

For those who have Revolut, a nice little trick you can do (as long as your bill is less than half your balance) is.
1. Deposit amount to Revolut with your card, equal to your bill.
2. Immediately transfer the amount from Revolut to your bank.
3. Once it hits your bank, immediately pay your full credit card bill.

By doing this you can carry a balance of max 50% of your limit indefinitely without interest. Very useful. In my case, the card transaction doesn't usually hit till after the lodgement.

wandererz

Is your current account with AIB as well?
If so, login on the website and setup the credit card as a quickpay account.

Then you can make a payment from the web or mobile app.
Funds are there the next day.

Mango Joe

Post your credit card number, expiry date and CVV here and the good citizens of Boards.ie..... and perhaps Russia will be happy to resolve this minor inconvenience for you.

masterboy123

Yes, I have a current account with AIB.

There is no option to add a credit card account under "Quickpay" or anywhere else. It seems fishy, I think I need to ring AIB customer care at this stage.

wandererz wrote: »

Is your current account with AIB as well?
If so, login on the website and setup the credit card as a quickpay account.

Then you can make a payment from the web or mobile app.
Funds are there the next day.

masterboy123

Unfortunately, my credit card is not listed there. i have checked both on Mobile app and using their online desktop website.

MooShop wrote: »

Yes there is, just click the menu, 'Pay & Transfer' and then 'Pay Bill'. Your credit card is automatically listed there. It's actually very simple on the app.

lawred2

3DataModem wrote: »

For those who have Revolut, a nice little trick you can do (as long as your bill is less than half your balance) is.
1. Deposit amount to Revolut with your card, equal to your bill.
2. Immediately transfer the amount from Revolut to your bank.
3. Once it hits your bank, immediately pay your full credit card bill.

By doing this you can carry a balance of max 50% of your limit indefinitely without interest. Very useful. In my case, the card transaction doesn't usually hit till after the lodgement.

Careful with that.. some card providers regards the transfer to revolut as a cash withdrawal

The J Stands for Jay

masterboy123 wrote: »

the purpose was to improve the chances of getting our mortgage approved.

Would you not have had an easier time getting a mortgage without carrying unnecessary debt?

dotsman

masterboy123 wrote: »

Yes, I have a current account with AIB.

There is no option to add a credit card account under "Quickpay" or anywhere else. It seems fishy, I think I need to ring AIB customer care at this stage.

masterboy123 wrote: »

Unfortunately, my credit card is not listed there. i have checked both on Mobile app and using their online desktop website.

From the "Pay & Transfer" menu, choose "Pay a Bill" and you get this screen.



From there, select your credit card, pop in the details and you now have the bill added to your quickpay.

masterboy123

Thank you so much!! It worked.

Just a note, please use a desktop computer. This option is not available in the AIB app.

dotsman wrote: »

From the "Pay & Transfer" menu, choose "Pay a Bill" and you get this screen.



From there, select your credit card, pop in the details and you now have the bill added to your quickpay.