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minimum payment on capital one classic

can anyone tell me if you have a balance of £1750 on capitalone classic credit card what the minimum payment would be.
i am not sure what % per month on the balance you pay.any help appreciated.thank you.:D

Comments

  • izools
    izools Posts: 7,513 Forumite
    1,000 Posts Combo Breaker
    £52.50

    The minimum payment will barely cover interest though so you should pay more than this - as much as possible :o
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  • jolfc
    jolfc Posts: 446 Forumite
    Part of the Furniture 100 Posts
    izools wrote: »
    £52.50

    The minimum payment will barely cover interest though so you should pay more than this - as much as possible :o
    i am a bit confused as to why my minimum payment asked for is £89 per month-i do pay more than that,so why is it so much more that they ask as a minimum payment,any ideas appreciated.
  • I too thought it was 3% or £5 whichever is greater so as iZools says it should be £52.50. :huh:

    Have you made any cash withdrawals? Although even those charges would normally be added on to your account seperate like a transaction. Hmmm maybe an idea to ring them up. Or just pay the £89 as you were planning on paying more in any case :j
  • jolfc
    jolfc Posts: 446 Forumite
    Part of the Furniture 100 Posts
    edited 21 July 2010 pm31 2:06PM
    I too thought it was 3% or £5 whichever is greater so as iZools says it should be £52.50. :huh:

    Have you made any cash withdrawals? Although even those charges would normally be added on to your account seperate like a transaction. Hmmm maybe an idea to ring them up. Or just pay the £89 as you were planning on paying more in any case :j
    no cash taken against it except £100 back in 2007.but had no balance on the card until november 2008 as i always paid it in full every month-i am going to ring them as i am very confused!(not hard to do though)
    just hate phoning them as it is not best customer services!
    what a waste of time customer services are.
    he told me that it is 5%(thats fine)i asked as to why it says 3% for a classic on the website and could he confirm i do have a classic(opened in august 2007 and cards appeared to have name changed)to which he informed me that all he can tell me is it is a visa??????.i have emailed my question now in the hope i get a bit more help.
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