Do CC fiddle with minimum repayments during BT deals?

chattychappy

From time-to-time I've noticed Barclaycard, MBNA and probably others modify minimum repayment rules. This has never yet been to my detriment.

Has anyone taken out a BT deal and then found the CC company attempts to increase the minimum repayment? This would be particularly significant in the case of long term deals - eg life of balance deals.

Paulgonnabedebtfree

chattychappy wrote: »

From time-to-time I've noticed Barclaycard, MBNA and probably others modify minimum repayment rules. This has never yet been to my detriment.

Has anyone taken out a BT deal and then found the CC company attempts to increase the minimum repayment? This would be particularly significant in the case of long term deals - eg life of balance deals.

The only time I've had something change during a promotional offer, it was actually a decrease in the minimum payment. I'm on an LOB deal of 6.9 or 7.9% (can't recall without looking it up).
It was my Halifax card and the minimum is now 1% rather than 2%. It will take longer to pay but at the moment, it's a welcome reprieve. There are higher interest rates for me to attack on other debts first.
I have heard of card companies drastically reducing credit limits while a customer is on a promotional rate to below the current balance level. This would appear to be a way of kicking someone of a promotional rate if they can't afford to pay the amount off their balance. I'm surprised that this is legal.

CannyJock

chattychappy wrote: »

From time-to-time I've noticed Barclaycard, MBNA and probably others modify minimum repayment rules. This has never yet been to my detriment.

Has anyone taken out a BT deal and then found the CC company attempts to increase the minimum repayment? This would be particularly significant in the case of long term deals - eg life of balance deals.

Nope, never had a problem with it.

chattychappy

Paulgonnabedebtfree wrote: »

The only time I've had something change during a promotional offer, it was actually a decrease in the minimum payment. I'm on an LOB deal of 6.9 or 7.9% (can't recall without looking it up).
It was my Halifax card and the minimum is now 1% rather than 2%.

Yes they did the same to me - I took the 6 months 0% offer rather than the LOB deal.