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Calculating approx monthly minimum?
emmasally
Posts: 28 Forumite
in Credit cards
I wondered if anyone knows how to calculate the approximate monthly minimum repayment i would have to make on a balance transfer to a 0% card before i actually do it please?
It's not a massive amount i need to transfer, about £400, but i dont want to move it & then be hit with a minimum payment which i would struggle with.
Is there an easy way to work it out?
Thanks.
It's not a massive amount i need to transfer, about £400, but i dont want to move it & then be hit with a minimum payment which i would struggle with.
Is there an easy way to work it out?
Thanks.
0
Comments
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It's varies between 1% and 3% of the balance outstanding, depending who the card provider is.If you will the end, you must will the means.0
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it depends upon the card.0
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The 0% balance transfer table on the stoozing site lists the minimum repayments and fees: http://www.stoozing.com/0fees.php"A child of five could understand this. Fetch me a child of five." - Groucho Marx0
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