Little help plz..

lauren123

Okay so I have an argos card with about £200 on, Barclays Card with about £400 on and a Capital One cad with about £100 on. Iam determined to get these paid of in the new year as Im back at work so shouldnt be a problem at all. But Im going to get a statement the end of this month and need to know what the minimum payment for each of these cards will be...roughly! Is there a way of finding this out...:beer: Lauren X

McKneff

The minimum payment will be on the statement that you get.

lauren123

yeah i know that but i wondered if theres a way of working it out before it comes so i can make sure i have the money in the bank ready...

lauren123

bump, bump, bump please!!!

cifpower

There is a gap of 2 or 3 weeks from when your statement is produced and when the money needs to be paid. Is this not sufficient?

The minimum payment would be between 2.5% and 5% of your balance. You would have to refer to your statement or credit agreement to make sure.

deadthings

Card minimum payments vary according to customer and the type of card issued to them. You will likely pay around 2.5% of your debt on each of these cards, and will likely pay about £20 for the three cards.

D.

Mrs_Ryan

Cap 1 on a balance of £100 min payment I imagine should be about £5 - as I believe its 5% of the balance or £5 - which ever is more. My min payment on my pathetic £100 limit is £5.

lauren123

i have looked on the sites of all three and argos says that the minimum payment is worked out by 4% of what ever your balance and barclays is 5%. So if that is right then i think i know where i stand!