Anyone else had a letter from Santander changing CC t's and C's to say if you consistently only make the minimum repayment they may up the repayment they ask for or even suspend your account? Sounds bad news for stoozing.


  • It's called persistent debt and there are plenty of threads about it.
    Mortgage started 2020, aiming to clear it in 2026.
  • surreysaver
    surreysaver Posts: 4,096 Forumite
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    Surely if its a 0% interest debt, they would realise that someone is only paying the minimum to take advantage of the 0% rate, and this would only apply if you are paying interest on the debt?
    I consider myself to be a male feminist. Is that allowed?
  • nic_c
    nic_c Posts: 2,928 Forumite
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    Guess the OP has just read T&C and got 1+1=3 it is persistent debt so doubtful anyone on a 0% promo. Anyway surely you pay £1 above the minimum to stop the minimum payment marker.
  • mrs_T
    mrs_T Posts: 1,017 Forumite
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    edited 17 October 2019 at 7:33PM
    This is on my Santander cc which has 18 months 0% still running. I used it for a planned large purchase not for stoozing and pay well over the minimum each month but I think this is a general change to all Santander cc's.
  • Vortigern
    Vortigern Posts: 3,243 Forumite
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    mrs_T wrote: »
    I think this is a general change to all Santander cc's.

    This is a general change on ALL credit cards, not just Santander.

    If you're on a 0% deal, they will not apply the persistent debt rule.
  • Ben8282
    Ben8282 Posts: 4,821 Forumite
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    You have provided only a very brief summary of the contents of the letter. W would need to read the full text to form an opinion. However, I think it unlikely that those on 0% promotional rats would be affected because of the way that persistant debt is defined and determined.
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