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Virgin card minimum payment

rachyp
Posts: 59 Forumite


in Credit cards
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?
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
Aiming to be DEBT FREE by May 2012:T
0
Comments
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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 sure0
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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:T0 -
It will be the estimated interest plus 1% of outstanding balance x0
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