We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Credit card with low monthly payment?
FilledWithLight
Posts: 12 Forumite
in Credit cards
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?
0
Comments
-
The lowest you will get is 1% plus fees and interest, which is the majority of them. Barclaycard are an exception, being 2.25%.0
-
Virgin is 5% as my balance is only £500!0
-
How do I find out in advance what the minimum monthly repayment will be?0
-
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 less0
-
Read the small print for minimum payments0
-
Lloyds seems to be £5 or 1%, whichever is highest.0
-
Creation credit cards minimum from £5 so do Lloyds, BOS and Halifax.
Avoid MBNA, Nationwide, Tesco and Amex I know their payments start from £25.0 -
Thanks very much - have just submitted a successful application to Lloyds!0
-
If you are struggling that much perhaps a visit to be Dealing within debt board may be useful.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.3K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.1K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.3K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards