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Just Balance Transferred; Do I Still Need To Pay The Old Minimum Payment?
christopherjk
Posts: 51 Forumite
in Credit cards
I did the balance transfer, my Halifax account now reals NIL but claims there is a minimum payment of £43 still?
Is this just to settle the interest accrued before the transfer was complete or is there a mistake on their part?
Is this just to settle the interest accrued before the transfer was complete or is there a mistake on their part?
0
Comments
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The minimum payment will probably be based on the previous balance, but if you were paying interest on the account, there will be some accrued interest still to pay.
Pay the minimum as you normally would, and if there's any credit remaining, you'll get it back when you close the card.Conjugating the verb 'to be":
-o I am humble -o You are attention seeking -o She is Nadine Dorries0
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