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Egg Card

mish
mish Posts: 28 Forumite
edited 18 June 2011 at 11:18PM in Credit cards
unknown....

Comments

  • CannyJock
    CannyJock Posts: 3,838 Forumite
    1,000 Posts Combo Breaker
    If you're using it for a BT then the minimum repayment is 2% or £5 whichever is greater.

    Once you do a BT you shouldn't use it for any purchases so you'll not have a revolving balance (i.e. interest bearing purchase balance).

    (i) You won't have any interest during the promotional period
    (ii) You won't have you a revolving balance
    (iii) You won't have any card repayment insurance (I wouldn't)
    (iv) You won't have any fees for non payment because you'll have a DD setup for the minimum repayment or otherwise be completely on the ball

    So unless you BT £250 or less, the minimum repayment will be 2%.
    "A child of five could understand this. Fetch me a child of five." - Groucho Marx
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