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  • FIRST POST
    • Daddadlington
    • By Daddadlington 7th Jul 17, 3:29 PM
    • 2Posts
    • 0Thanks
    Daddadlington
    mimimum fee
    • #1
    • 7th Jul 17, 3:29 PM
    mimimum fee 7th Jul 17 at 3:29 PM
    I am interested in applying for a Tesco Purchases credit card for emergency purchases with the intention of paying off each month. I haven't had a credit card before but one question I cant find the answer to is this: If I pay off the balance each month so that the balance is zero do I still get charged the minimum fee of £25. There maybe some months where I do not use the card so there is nothing to pay off. Do I still get charged?
    Any help is appreciated,
    thanks,
    Daddadlington xxx
Page 1
    • molerat
    • By molerat 7th Jul 17, 3:35 PM
    • 17,336 Posts
    • 11,519 Thanks
    molerat
    • #2
    • 7th Jul 17, 3:35 PM
    • #2
    • 7th Jul 17, 3:35 PM
    No. The minimum of £25 is only if you owe more than that amount.

    The best thing for you to do is set up a direct debit for the full payment and let it look after itself.
    www.helpforheroes.org.uk/donations.html
    • dresdendave
    • By dresdendave 7th Jul 17, 6:42 PM
    • 658 Posts
    • 770 Thanks
    dresdendave
    • #3
    • 7th Jul 17, 6:42 PM
    • #3
    • 7th Jul 17, 6:42 PM
    As per molerat's advice, set up a pay in full DD.


    Rather than only using the card for emergencies only it might be worth making a small purchase each month just so you know the DD is active.


    It won't cost you a penny in interest and will be a plus point for your credit history.
    • Daddadlington
    • By Daddadlington 7th Jul 17, 8:13 PM
    • 2 Posts
    • 0 Thanks
    Daddadlington
    • #4
    • 7th Jul 17, 8:13 PM
    • #4
    • 7th Jul 17, 8:13 PM
    Thank you #molerat and #dresdendave. That makes me happy and I am now educated. I have never heard of the Pay in full DD either and will definitely consider this. Thanks,
    • PeacefulWaters
    • By PeacefulWaters 7th Jul 17, 8:30 PM
    • 7,175 Posts
    • 8,839 Thanks
    PeacefulWaters
    • #5
    • 7th Jul 17, 8:30 PM
    • #5
    • 7th Jul 17, 8:30 PM
    I'd also suggest lining up your terminology knowledge.

    A fee is an additional charge by the card company, such as adding £12 onto your bill for a late payment.

    The minimum "fee" you refer to is a "minimum payment" towards any balance you have owing on the card. Not a fee.
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