What's the issue with paying the balance when it's due? Interest will not accrue.
this post was submitted on 16 Sep 2025
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Mildly Infuriating
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A lot of people either forget or don't carefully track the money as spent when it's still in their back account so they spend it again. It's just generally a hassle and more work vs just having a habit of paying off as you go and being able to see exactly what's still in your bank account.
Sounds like these people want to use debit cards, then.
Debit cards usually don’t offer cashback, perks, or robust fraud protections, and do nothing for your credit score. That last one is the important bit. I used to use my debit card exclusively, and could never get approved for any kind of loan. Once I started using credit cards the way I described in my other comment, my credit score jumped waaaaaay up and I started getting approved for everything.
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Many don't have a choice, especially in the US. Without playing the credit game you end up paying significantly more in loan interest for things like a house or car or can't even get a loan. One of the easiest ways to keep a good credit score is to have a credit card you've had forever and that you consistently use and pay off.
It's a goodbye screwed up system
I would love to just use my debit card instead but I don’t get the same level of protection nor cash back on spending from my debit card.
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The bank knows people will make mistakes that they didn't before. They stand to make more money off those people. It is not a neutral policy that they've arrived to in a mutually beneficial manner.
Their favorite customer is one who slips up sometimes. Bank still gets the debt paid as expected, but now with more fees.
They also want people to say "thems the rules, deal with it". That lets it appear to be a neutral policy while making more money than before.
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Pay it automatically with a direct debit. I can't remember the last time I paid a bill manually.
Nope, I never let anything automatically withdraw money. Mistakes are made. And sure, you'll get your money back from the accidental 10k that was pulled from your account....in 5 to 10 business days, until then you are broke and shit is bouncing.
The way I use my credit card is that I purchase everything in a month on it and then when all of my bills come in at the end of the month, I pay it off. However, my credit card payment isn't actually due until the 15th or something.
If I waited, I would 100% end up missing a payment because it's not part of my routine.
I've never met a credit card which wouldn't allow you to move the due date. Even if it can be accomplished online, you should try calling customer support.
Ohhhhh. I didn't know this. I'll give it a shot, thanks!
I did this with one of my cards just the other month because of this exact reason - it was due in the middle of the month instead of at the end/beginning like the rest of my accounts, and it slipped past my radar once. Now it's due on the 28th with half my bills.
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It really depends on your bank or credit card issuer. Some places will accrue interest from the day of purchase until the day of repayment. It might be pennies for me and you, but I’m sure they make bank on their collective customer base. And deliberately making it difficult to pay off debt that causes additional charges should be illegal.
I've never encountered a bank or card issuer like that in the US. Can you provide any examples?
Anyway, in that case, the solution would be to not use that credit card or bank.
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Some people get really judgmental about credit cards. Either about not using them, or about using them wrong.
This poster clearly explained how they were maintaining a healthy relationship with one, and you came in to argue with people about how they are “doing it wrong” and shouldn’t be part of the people using credit cards.
Did you know that credit card rewards disproportionately punish the poor? The rewards come out of the credit card terminal fees. And stores increase their prices appropriately to cover credit card fees. If you insist on someone not using credit cards when they are managing it fine, you may be suggesting that they be forced to pay more for their purchases.
Nobody said anything about OP doing it wrong, cool your jets. The bank changed their policy. At that point your options are either take the advice of the parent comment, complain to the bank (which will likely get you nowhere), or find a new bank. Don't get bitchy at people offering advice.
Am I missing something? There's no mention of doing it wrong or insisting they not use credit cards. Just a suggestion that would solve the issue from the bank changes..
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Easy peasy. Instead of making payments to your credit card, transfer the amount to a high yield savings account instead. Then use that savings account to pay your CC once per month. (Savings accounts typically have a limit on debits, but you can usually make as many deposits as you want.)
Enjoy the cashback AND a few bucks in interest AND having your checking account accurately reflect your "real" money at all times.
Where is this mythical high yield savings account?
I use Fidelity investments; money that isn't in stocks automatically goes into SPAXX, a market rate high yield savings account.
One that earns you more than the default 0.15% or so that you earn on most savings accounts.
You have to do a bit of hunting, but for example, I have an account with Citizens Access that earns 3.50% last time I checked. It's not much, but it's better than earning nothing on the emergency fund that I want to keep liquid and accessible.
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It's a common financial instrument. You can find many providers online.
You get a much better interest rate than a typical savings account (I think current rates are around 4% or so), but you are typically limited in the number of withdrawals you can make per month. Banks offer better interest rates because the cash is less volatile and sits in the account longer. They are good for cash you want to park somewhere for a while but that you still need quick, infrequent access to, like emergency funds. Credit card payments are also a fine use for it, though I'd say the benefit is pretty minimal unless you consistently maintain a balance greater than the credit card payment.
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Bugs the shit out of me when companies make it difficult to use their product. I do the same thing as you. I enjoy having $0 balances on my credit cards, and I use them within my means, so I pay them off straight away throughout the billing period. One of my cards (I only have two) makes it really difficult to pay off my balance more than once a month, and they delay those “extra” payments by days, sometimes weeks. I called them out on it and they said “just pay your balance once before the due date.” Fuck that. My other card lets me pay off my balance instantly, whenever I want.
Wow first I hear of an issuer doing that, that sucks
I have not encountered this. I can still overpay. They love it.
Yeah - I didn’t mean to imply all banks were doing this now. Just my credit union in particular.
FYI - your Credit Union and your Credit Union's Credit Card are likely two separate and unaffiliated companies. Most small to mid sized banks and credit unions don't actually issue credit cards. They contact that out to the credit card arm (ex. FIA Card Services) of a national bank (ex. Bank of America) that offers white-label/rebranded cards.
appreciate it as bs tends to expand.
Call the bank, explain the situation, and see if they can give you a reasonable workaround.
It's to stop money laundering
How does over paying enable laundering? I don't follow.
Yes. Exact same question.
I do not have a criminal mind…
Not going to teach people how to launder money, but one of the avenues that can be used to get a respectable transaction is to overpay from a dirty bank account to a credit card, and then the financial institution will credit into the users clean bank account which will raise less flags then a direct transfer. This is just one step in a process, and not even sure it works anymore. But many banks would rather just not deal with it.
This guy banks.
Explain? All money involved is already in a bank.
buncha folks talking about savings accounts and rates, its easier to think of accounts in three categories: loans, savings, demand. The last one being where the money's available to you 'on demand' with no extra conditions -- ie. a chequing account, or a 'savings' account with a low rate... because the money's available on demand.
Higher rate savings accounts are common, I don't know why people almost always seem confused by the notion. You get a term deposit/gic or whatever, where you lock money in for X period, to get a higher rate -- and if you tap that money before the period's over, you lose the interest.
Locked in deposit rates will almost always be about 1-2% lower than regular mortgage rates that people pay, with CUs using the difference for operation costs. So like my CU has mortgage rates just shy of 5% at the moment, and term deposit rates of around 2.7-3% give or take. A rate cut was just announced in Canada, so those will likely go down a bit this week.
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