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MBNA minimum payment clarification?
aliasojo
Posts: 23,053 Forumite
in Credit cards
I'm a little confused. I've read numerous posts here stating that MBNA have a flat £25 minimum monthly payment whilst in a 0% BT promo period but I can't find anything on the MBNA site other than 'the greater of £25 or 1%'....which would be more than £25 since it's around £10k we're talking about.
We've had this account for years and it's a Platinum Plus if that makes any difference. It used to be a fiver minimum payment if I remember rightly. Those were the days, lol.
Anyone clarify?
We've had this account for years and it's a Platinum Plus if that makes any difference. It used to be a fiver minimum payment if I remember rightly. Those were the days, lol.
Anyone clarify?
Herman - MP for all! 
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Comments
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Unless I missing the point, the 1% is more than the £25 so that's what you'd be paying anyway.
Am I missing the point?!
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Lol...yes that is the point. I think I'd be paying a minimum payment of 1% which on £10k is £100.
But I've read posts saying the minimum payment in the promo period would only be £25.Herman - MP for all!
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I'm in a 0% promo period and only paying £25 per month on a £6k+ balance.0
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