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Minimum Payments

Hi guys,

I know i can probably find the answer on here somewhere but there is so much info on here i'm getting carried away with the main thing i should be looking for!

Basically, I've got a credit card that i try and pay £100 a month off it but sometimes can only afford the minimum. Can I pay say £1 a day into this credit card and does all of it added together equal your minimum payment or does it have to be one lump sum paid before the due date for it to get counted as your payment??:confused:

Any help appreciated!!

Thanks
2012 - must pay off last CC and maybe overdraft then debt free woop!!
Jan wins - Craft stamp, Planet Dinosaur book, Clover butter, nail foils
Good luck all compers :j

Comments

  • NickX
    NickX Posts: 3,046 Forumite
    As long as your multiple payments equate to more than the Minimum Payment and they all clear before the Due Date, then this should be fine.
  • 6969annw
    6969annw Posts: 449 Forumite
    Awesome, thats the answer i was hoping for but needed a second opinion! Thanks :-)
    2012 - must pay off last CC and maybe overdraft then debt free woop!!
    Jan wins - Craft stamp, Planet Dinosaur book, Clover butter, nail foils
    Good luck all compers :j
  • ILW
    ILW Posts: 18,333 Forumite
    Sorry, but why would you want to pay a pound a day rather than £30 in one go?
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