Help regarding capital one minimum payment please

fishingcinema

Hi all

I am a little confused and wondering if this is correct, any advice would be greatly appreciated :0)

6th dec 2010 purchased an item for £632.35

Received my estatement dated 7th dec 2010
Credit limit £1,100.00
Available to spend as
at 07/12/10 £338.62
Previous balance £40.73
Payments received £40.00
New transactions £760.65
Your new balance £761.38
Your payment details
Minimum payment £38.07
Payment due date 02 Jan 11


Then after receiving my estatement on the 7th dec 2010 they put my credit limit to £2,100.00.
11 th december 2010 the £632.35 item was refunded back onto the card.
My current balance is now £201.01.

Phoned them up today and explained the situiation and the gentleman said minimum payment was £6 odd on the current balance then said one second while i check this and when he came back on the phone he said this months minimum payment was still £38.07

Is this correct.
Many thanks again.

[Deleted User]

It's correct. Refunds don't count as payments and in any case, it was received after your statement was produced.

whatyadoinsucka

do capital one charge interest from the data of purchase aswell

fishingcinema

Deleted_User wrote: »

It's correct. Refunds don't count as payments and in any case, it was received after your statement was produced.

Thanks for that :0)

fishingcinema

whatyadoinsucka wrote: »

do capital one charge interest from the data of purchase aswell

I did ask this as on the balance of £761.38 my next months estimated interest was showing as £21.82, i asked about this on the phone and was told that it will not be that much.