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Technical Q - Virgin Credit Card
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YorkshireBoy wrote:All you need to do is make the required minimum payment by the required payment due date.
The payment will pay off lower rates of interest first. If what you are saying is correct, the BT fee will be at 0% for 15 months, too.
Example:
BT £4000
fee £119.20
min. payment £123.58Dagobert0 -
Dagobert wrote:Example:
BT £4000
fee £119.20
min. payment £123.58
Because the BT fee was posted on your first statement, it doesn't get posted again. Since you've covered the fee with your first minimum payment, subsequent minimum payments are £5, but...the T&C's say they will always be at least £25, so you'll pay £25 from month 2 onwards.The payment will pay off lower rates of interest first. If what you are saying is correct, the BT fee will be at 0% for 15 months, too.2d We will charge interest on handling fees, and on interest you already owe, at the rate which applies to the relevant transaction.0 -
YorkshireBoy - many thanks for your explanations!
I am totally incredulous that it will only be £25 pm. The deal is even better than I thought!Dagobert0 -
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