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Virgin card minimum payment

My interest free period has just ended on a percentage of my virgin balance. I have received my new statement today and my interest is MORE than my minimm payment.

I don't spend on the card, it is my balance transer card. I have just transferred another balance onto it will this have caused the odd payment?
I thought now that the minimum payment was 1% and THEN the interest added onto it?
CC debt 4389/12000 slowly chipping away helps :j
Aiming to be DEBT FREE by May 2012:T

Comments

  • oki25
    oki25 Posts: 98 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Is it def interest charged this month, could it be estimated interest for your next statement, if its estimated then next months min will be higher? Give them a ring if you're not sure
  • rachyp
    rachyp Posts: 59 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    Ah that could be it thanks! Never thought about next month's being higher.
    God- my payment next month is going to be a hefty one then I think!
    CC debt 4389/12000 slowly chipping away helps :j
    Aiming to be DEBT FREE by May 2012:T
  • oki25
    oki25 Posts: 98 Forumite
    Part of the Furniture 10 Posts Combo Breaker
    It will be the estimated interest plus 1% of outstanding balance x
This discussion has been closed.
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