Which card offers 0% but also allows the minimum payment per month to be small?

ukbondraider

Last year I used a Virgin Credit card which offered me 0% for 9 months and only wanted £5 paid every month instead of 1% of the balance every month.

Does anyone know if they are still doing this and also who else is doing it?

Thanks

Clariman

The only card issuer to request minimum monthly payments of £5 is MBNA. However, MBNA operate their own cards and also cards on behalf of many other companies e.g. Virgin.... so there are quite a few choices out there.

I don't know your circumstances, but if you have debts and are struggling to meet payments, then £5 per month will take forever to pay off any debts. If you are stoozing, then the £5 per month is great.

Clariman

lisyloo

Abbey national are one of the companies that does cards by MBNA abnd have a minimum payment of £5 (in the first month you also have to pay the BT fee which is max £35).

However I got a £5K limit with them and £15K with EGG, so their credit limits are not huge.

smartsaver

If you apply for an Abbey card in an Abbey branch you will avoid a balance transfer fee

YorkshireBoy

ukbondraider wrote:

...also who else is doing it?

You can check out a list of other MBNA run cards here...

https://www.stoozing.com/cards.htm

Disclaimer: The above link simply takes you to a list of cards run by MBNA. They may not all offer 0% introductory rates (or indeed £5 minimum payments). Always do your own research before committing to a particular product.

lisyloo

If you apply for an Abbey card in an Abbey branch you will avoid a balance transfer fee

Are you sure?
Lots of people on these boards have had trouble with that.
I think it might have been withdrawn, but maybe worth a try.