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MBNA minimum payments

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Hi
does anybody know why the minimum payment on my MBNA credit card would have gone up this month? It’s been around the £130-140 ish mark for around a year and has jumped up to £200 this month. No new payments made using the card.

Comments

  • eskbanker
    eskbanker Posts: 36,951 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    Have you been assessed to be in persistent debt status perhaps?
  • Se1Lad
    Se1Lad Posts: 344 Forumite
    Part of the Furniture 100 Posts Photogenic Name Dropper
    Has a 0% deal just finished on the card?
  • Vinknut
    Vinknut Posts: 94 Forumite
    Fourth Anniversary 10 Posts Name Dropper
    Hi
    does anybody know why the minimum payment on my MBNA credit card would have gone up this month? It’s been around the £130-140 ish mark for around a year and has jumped up to £200 this month. No new payments made using the card.
    Check your statement. That will tell you. Usually it is 1% of the balance, plus interest charged, plus default charges, plus annual fees.
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