Minimum payments?

GhostHunter_3

Hi

I know this may sound a peculiar question but is there a general rule to minimum payments of a credit card? Other than to keep them up of course.

I cant find the details on my latest statements and dont want to call them to ask as I have been avoiding their calls past 2 weeks as I only want to talk to them in writing as I am trying to clear debts.

I just wondered if there was a particular % of outstanding ballance or £5 or other general guide?

Many thanks.

lee634

generally speaking its around 2.5% of the minimum Balance

My three are 2.25%, 2.5% and 3%

surrey_jim

generally its 2.5% or £5 whichever is greater.

Some companies add on late payment fee's and insurance charges you have with them rather add it to the balance

HamiltonL

Abbey's are a fiver* too, as I believe are MBNA's.

*Subject to no interest on purchases and cash withdrawls, no BT interest, no PPI etc.

GhostHunter_3

Hi

Many thanks for the replies, made it a bit easier for us now. :beer: