Minimum payment deals

fizzyfozzy

Hi,

I currently have a virgin credit card with a 0% deal that runs out in March.
I pay a fixed amount off my balance every month so the balance has gone down quite a lot over the last year but now the deal is nearing the end I'm looking to move my debt to another 0% deal.
My problem is that Virgin seems to calculate it's minimum payment differently to other cards - it works out the payment by the interest fee so the minimum payment is actually only £5 although I pay considerably more than this as per my fixed direct debit. Most other cards I can find all calculate their minimum payment by a percentage of the balance owing - this would put the minimum payment above the fixed amount I am currently paying.
Are there any other cards that calculate their minimum payment in the same way that Virgin do, that have a 0% or 'balance for life' deal and aren't part of MBNA?

Thanks for your help,

Michelle

jonesMUFCforever

To be honest if you struggle to pay 2-3% of an amount outstanding then you are in trouble.

May I suggest a visit to the debt free wanabee board?

fizzyfozzy

Well it's not impossible for me to pay the 3% just not ideal at the moment.
So my question again, are there any other cards that offer this deal?

Thanks

YorkshireBoy

fizzyfozzy wrote: »

So my question again, are there any other cards that offer this deal?

The only cards that offer this low level of payments are MBNA run cards...of which your Virgin card is one...and the new Santander backed Abbey card.

You can check out who owns who here...

https://www.stoozing.com/cards.htm