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Minimum payment
thequeensheadmission
Posts: 3 Newbie
in Credit cards
Hi
I've recently seen a request for a minimum payment of £18 on my husbands credit card with Cashplus- can anyone work out what the balance is likely to be? I think the APR is 29.94%
I've recently seen a request for a minimum payment of £18 on my husbands credit card with Cashplus- can anyone work out what the balance is likely to be? I think the APR is 29.94%
0
Comments
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Could be any number between £18 and £1,800, depending on the card terms (e.g. 1% of balance, subject to a minimum of £x).
Why not ask him?Pensions actuary, Runner, Dog parent, Homeowner0 -
Actually looking at Cashplus's terms they state maximum of £10 or 5% of the balance so I would guess £360 (at the statement date).Pensions actuary, Runner, Dog parent, Homeowner0
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