Credit card with low monthly payment?

FilledWithLight

Hi Everyone, I've just joined. I wonder if anyone knows a credit card that has no balance transfer fee and a low monthly payment? I am with virgin - there is no balance transfer fee but their minimum monthly payment is too high for me - £25, whereas I was hoping for around £8 max. Can anyone recommend one?

[Deleted User]

The lowest you will get is 1% plus fees and interest, which is the majority of them. Barclaycard are an exception, being 2.25%.

FilledWithLight

Virgin is 5% as my balance is only £500!

FilledWithLight

How do I find out in advance what the minimum monthly repayment will be?

FilledWithLight

I just rang Tesco to check their monthly minimum repayment and it would be the same as Virgin. Would appreciate any names of companies whose minimum monthly payment would be less

BoGoF

Read the small print for minimum payments

BoGoF

Lloyds seems to be £5 or 1%, whichever is highest.

A4445

Creation credit cards minimum from £5 so do Lloyds, BOS and Halifax.

Avoid MBNA, Nationwide, Tesco and Amex I know their payments start from £25.

FilledWithLight

Thanks very much - have just submitted a successful application to Lloyds!

Edi81

If you are struggling that much perhaps a visit to be Dealing within debt board may be useful.