Minimum Payment

christop007

Hi Everyone,

Does anyone know what the the minimum payment is for the halifax credit card.

Thanks for your help

Comyface

It's either 2% or 3% of the balance (sorry I can't be more specific!).

Don't forget, though, it will take you aeons to pay it off if you only pay the minimum payment. Try and pay more than this so you reduce what you owe quicker.

keith1950

Hi, would be best to check if all their cards ask for same %. Most are advertised at 1% or £5 whichever is the greater. ( Most other banks do ask for bewteen 2% and 3%)

shaneshaneshane

always aim to pay more than the min though!

jonesMUFCforever

Your statement whether by snail mail or online will confirm the minimum amount to be paid.

Good advice by shaneshaneshane though - aim to pay it off as soon as possible.

thriftymomma

christop007 wrote: »

Hi Everyone,

Does anyone know what the the minimum payment is for the halifax credit card.

Thanks for your help

Perhaps worth registering for online banking so you can see 24 hours a day what you need to pay and by when etc.

thriftymomma

It's 1% now.

CG19a

my OH's halifax card is interest +1% of outstanding balance.