Minimum repayment terms

Nickyno

Does anyone know the minimum (%) repayment for the following cards, or how i find out if i've lost my terms and conditions?

Post Office Balance Transfer card
MBNA Platinum credit card
LLoyds Bank Platinum Mastercard

Thankyou in advance

agrinnall

I've only bothered to look up the first of those cards but details about it are available online, and I would expect the same to be true of the other cards. For the PO card:


Any monthly minimum payment will be rounded up to the nearest pound (£) and will be the greatest of: 2.5% of the outstanding balance on your statement (minimum £5) OR
The full balance (if less than £5) OR
1% of the outstanding balance plus interest, plus fees, plus any insurance premium

Nickyno

Thankyou, I'm still unsure whether it would be the 2.5% or1% of the outstanding balance plus interest, plus fees, plus any insurance premium. As it is 0% am I correct in thinking it would be 2.5%

molerat

For a 0% BT card the first payment may be the 1% + fees as there would likely be a BT fee to consider but subsequent payments would be the 2.5%.

Sncjw

Wouldn!!!8217;t it be down your individual circumstances for what percentage they offer you

Candyapple

The greater of £25 or a fixed percentage of your balance (either 1% or 2.25% depending on the terms of your agreement) plus the amount of any default fees, card fee and interest for that month.

https://www.mbna.co.uk/understanding-credit/managing-credit/minimum-payments/

Do you not have access to any of your statements? It will show which one it is on there.

maxximus75

It is usually shown on the back of your statements.

stehouk

mbna have a mobile app that tells you how much the min payment is in large numbers and the full payment is at the bottom and needs readers to see how much it is.

Nickyno

Thankyou to everybody for your help x