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Egg Money: 'Minimum finance charge'
newsmonkey
Posts: 201 Forumite
in Credit cards
Just looking on my Egg Money statement and there's a "minimum finance charge" of 50p on the bottom of this month's transactions (as a debit). It's not labelled as interest.. just a 'charge'.
Anyone shed any light on what this could be? I don't see any sign of it on the credit agreement.
Nm.
Anyone shed any light on what this could be? I don't see any sign of it on the credit agreement.
Nm.
0
Comments
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I think you will find it is a minimum interest charge, named differently.
From the egg money t and cs4.5 If any interest is payable, there is a minimum interest charge of 50p. This means that if the interest amount is calculated to be less than 50p, the amount of interest shown as payable in your monthly statement will be 50p0
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