Egg 0% offer. Misselling Advice

evilpikachu2000

ok, ok, thanks for the advice and I apologise if i offended anyone. It was simply the tone that I thought sounded rather arrogant. I'm an idiot blah blah blah.
So is it only Abbey who offer this currently?

Milarky

evilpikachu2000 wrote: »

thanks for the responses, though why "yorkshireboy" has to be so rude about it I don't know why.

Not rude IMO, either. No one can have much sympathy over a claim of being 'missold' when the terms of the offer would have all been set out in writing before it was taken up. Also a 2% minimum payment is standard for the majority of credit card issuers (where it isn't already 2.25%, 2.5% or 3%) Only MBNA does something different from the rest - as you were also reminded

MBNA are pretty unique in offering Minimum payments fixed at a low level of between £5 and £25 during a promotional period.

YorkshireBoy

evilpikachu2000,

When you say you've transferred away from Egg to a "rival 0%" card, won't you still be paying 2-3% in minimum payments? I'm guessing you're struggling to meet this level of payments? Why not list your cards, APR's, limits, and debts and we'll see if we can work something out?

evilpikachu2000

ok, remind me never to ask you bunch of know it alls a question again, i apologised for simply being a newbie and I apologised to yorkshireboy. I was now asking if there were any others apart from MBNA. Thanks to the people who replied politely and apologies again to yorkshireboy.

evilpikachu2000

thanks yorkshire boy. I've transfered over to a virgin card. that now has just over £5000 on it and the minimum is £25. It runs out in July 09 and I was wondering whether, once it runs out, are there any other cards that offer a similar minimum payment deal - apart from MBNA underwritten cards of course.

YorkshireBoy

evilpikachu2000 wrote: »

I was now asking if there were any others apart from MBNA.

We've already answered that question in posts #5 & 6...MBNA run cards (you can sometimes have more than one, hence my link to a table listing many of them) and Abbey.

evilpikachu2000

thanks again.

YorkshireBoy

evilpikachu2000 wrote: »

I've transfered over to a virgin card. that now has just over £5000 on it and the minimum is £25.

You do know the first minimum payment includes the BT fee? In which case the first minimum payment will be around 3% of the new balance. From month 2 onwards you're correct in that it'll then be £25 per month.

YorkshireBoy

YorkshireBoy wrote: »

You do know the first minimum payment includes the BT fee? In which case the first minimum payment will be around 3% of the new balance.

Apologies...Scrub that, it'll be the 2.98% BT fee paid + £5 (because that's less* than 3% of the total balance now on the card)


* MBNA operate with a 'whichever is the lesser of' term in their minimum payment calculation.

LongTermLurker

YorkshireBoy wrote: »

Originally Posted by YorkshireBoy
You do know the first minimum payment includes the BT fee? In which case the first minimum payment will be around 3% of the new balance.

Apologies...Scrub that, it'll be the 2.98% BT fee paid + £5 (because that's less* than 3% of the total balance now on the card)


* MBNA operate with a 'whichever is the lesser of' term in their minimum payment calculation.

Isn't 2.98% + £5 around 3% then? :rolleyes: