0% credit card minimum payment

donnyrovers91

Just a question, I have reward credit cards for which I have 2 of these which I pay off in full each month as the interest that I would have to pay would exceed the small reward which I get each month.

All I want to know is I previously had a 0% credit card which you was able to pay the minimum payment each month, would you say that this would be something that would increase or decrease my credit rating I don't want to go making big outlays on it it is just I am wanting to purchase some products however it would avoid me using any retailers finance options i.e. - 0% interest free payments for x amount of years.

[Deleted User]

Lenders will see that you have a balance but also that it's on a promo rate.

The impact of that depends on their criteria and your wider credit situation.

daivid

donnyrovers91 said:

All I want to know is I previously had a 0% credit card which you was able to pay the minimum payment each month, would you say that this would be something that would increase or decrease my credit rating I don't want to go making big outlays on it it is just I am wanting to purchase some products however it would avoid me using any retailers finance options i.e. - 0% interest free payments for x amount of years.

As I read it you want to finance some purchases with a 0% spending card or retailers 0% agreements. I can't work out your concern though. Is it is wanting to build up a possitive credit history? Or is your concern related to wanting to take out bigger/more important finance in the future, perhaps a mortgage or car loan?