MBNA - Minimum payment changed?

AWillis

I've just received my latest statement from my MBNA MCard, and rather than the minimum payment being £5 which is has been for the last 12 months or so, it's now showing as £40.

Has this happened to anyone else?
I don't recall being notified of changes to the T's & C's.

It's not really a problem as this money is stoozed away, but it does mean a little extra will need to be removed from the "stooze pot" to pay this.

Systemaddict_2

Did you just do a bal trf?

If so, then bal trf charge £35 + £5 min payment = £40.00

I am not aware of any changes to their min payment.

AWillis

Thanks for the reply.

Yes, I have just done a BT (well, back at the start of November), but the BT fee (£35) is shown separately on the statement so it hasn't been rolled into the min payment.

Oh well, I'll wait and see what the min payment is next month.

westernpromise

Yes, I have just done a BT (well, back at the start of November), but the BT fee (£35) is shown separately on the statement so it hasn't been rolled into the min payment.

MBNA's terms are, I think, that you have to pay charges like that as well as the £5 minimum. Same thing happened to me recently. You only get away with a fiver if there are no otehr charges applied to the account that month.

deemy2004

Thanks for the reply.

Yes, I have just done a BT (well, back at the start of November), but the BT fee (£35) is shown separately on the statement so it hasn't been rolled into the min payment.

Oh well, I'll wait and see what the min payment is next month.

Maybe next month it will be back down to £5 if no more charges are added to your account.