Cheapest credit card re-paying 2% a month

Kigu

Hello.
I have been posting on the debt free site but need to ask a credit card question. For 'operational reasons' (!!) I need to find the cheapest credit card where I pay back 2% a month, or less. Texaco is one, British Airways Amex and Platinum Amex are 3%, however. Any suggestions? I have been looking but no conclusions so far. I would appreciate your help.

Richie(UK)

Hi K,

I believe that most (all?) of the MBNA cards only require a £5 minimum payment each month - which is likely to be preferable to 2%. How about the Virgin 0% for 9 months card?

HTH

Kigu

Thanks so much for taking the trouble to post.

Virgin ask 2.25 per month. I think (correct me if I am wrong) it's actually a percentage of the debt with £5 being the minimum.

Thanks again!

grumbler

AFAIK for all 9-months 0% cards in this [font=Arial, Helvetica, sans-serif]new table[/font] min payment is 2.25% of current ballance.

Kigu

Thanks so much for this! Most useful.

What about low interest cards without a 0% promo offer? What is the cheapest card after Texaco and Amex?

Richie(UK)

Hi K,

If you look at the Ts&Cs for Virgin you will see that it says lesser of at the top of the options for payments. So, during the 0% period and provided that you don't incur any charges, the payment will be £5.

HTH

Kigu

Richie you're a star. Thanks so much for correcting my misapprehension on that.

Kigu

For info I have discovered that Halifax One is 2% as is LLoyds (was it Lloyd's - this was looked up pre-migraine and now I am hazy!). Anyway Halifax One looks better. Pity that after the 0% period the APR is so high. Any other suggestions out there?

THE_ROCK84

Barclaycard Gold and Platinum have a 2% repayment rate

Kigu

Thanks so much Rock,

I have a Barclaycard already but will look into Platinum now.

THE_ROCK84

what barclaycard do you have and what ur limit, you might qualify for an upgrade! let me know ASAP!