m&s credit card

fsaxom

hi there looking for a bit of advice on behalf of my mum she has a credit card with an outstanding balance of £8400 she is paying round about the minimum about £188 as thats all she can afford and £156 of that is going to interest.shes has applied for a loan and a bt credit card but wasnt succesful and a know applyn to much can affect your credit rating.i was wondering if it was worth her while applying for a m&s card the one with bt for life how good a credit rating do u need to have and would it cover her balance tnx for taking your time to read tnx

YorkshireBoy

At 3%, the M&S card's minimum payment would start at around £250 per month.

fsaxom

so how much of that goes to interest ?

YorkshireBoy

£32.82 (from your first payment), according to the credit card calculator at http://www.whatsthecost.com/creditCard.aspx

fsaxom

much better than paying £156 to interest n it will !!! down quicker a suppose how do u use that credit card calculator ? tnx