Minimum repayment Bank Of Scotland

mizfiesta

I recently received a BOS 0% interest for 14 months (Money Transfer)offer, which I applied for successfully. Does anyone know what the MINIMUM repayment about BOS accepts? I know some banks take at least £25 per month or a percentage of the sum total. I would usually divide the total amount due by 14 months to pay it off completely, but I may just transfer it the amount over to another deal just before the 14 month period expires (tarting I believe Martin calls this).
If I do that, I at least need to make the minimum payment but for the life of me don't know what that will be. Any help appreciated.

[Deleted User]

It's on the credit agreement that came with your card.

mizfiesta

I have had this credit card for ages. They send me 0% balance and money transfers periodically. I don't have the original credit agreement.

SuperAllyB

Don't have a BOS card but have you looked at the back of a statement?

mizfiesta

Everything is online - statements etc

mizfiesta

I guess I'll just wait for the first minimum payment to be taken by DD.

bonkersbonkers1

mizfiesta said:

I guess I'll just wait for the first minimum payment to be taken by DD.

Even if you are paperless you can still get pdf copies of the statement in online banking.
Plus if you are on paperless you should get a message to say your new statement is ready to view - this will tell you the minimum payment due.

Emily_Joy

It is shown on the statement: the very last page, in Summary box: "Your monthly minimum payment will be an amount equal to the higher of £5 or the total of any interest charged, any default charges payable, 1/12th of your annual fee (if applicable), and 1.00% of the balance you owe shown in your statement. If you owe less than £5 you must pay the full amount you owe."

mizfiesta

Emily_Joy said:

It is shown on the statement: the very last page, in Summary box: "Your monthly minimum payment will be an amount equal to the higher of £5 or the total of any interest charged, any default charges payable, 1/12th of your annual fee (if applicable), and 1.00% of the balance you owe shown in your statement. If you owe less than £5 you must pay the full amount you owe."

Thanks Emily, I'll check tomorrow 👍