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0 % Purchase credit cards
Sean_L
Posts: 1 Newbie
in Credit cards
This is a silly question but I just want to confirm that if I make a large purchase say 1200£ using a 0% for 26 months credit card, then I don't have to pay off this purchase until before the 26th month? i do not have to make any minimum monthly payment right?
0
Comments
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You have to pay the minimum payment every month. This is not a 'buy now, pay later' scheme.I’m a Senior Forum Ambassador and I support the Forum Team on the Pensions, Annuities & Retirement Planning, Loans
& Credit Cards boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com.
All views are my own and not the official line of MoneySavingExpert.0 -
No, thats not how it works. A 26 months 0% purchase card only means you pay no interest for 26 monts, but you have to make at least minimum payments every month, from month 1. If you miss a single payment, you lose the promotional deal.0
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