How do you pay the SBT fee?

carl310166

I have been lucky enough so far not to inccur any SBT fees with my EGG and Virgin cards,but looking to the future,if i had to start paying them,how do they charge you,is it to be paid on your first months payment?

I.E,your minimum payment plus say £35?

Thanks in advance.

martinpike

With Mint they just transferred my credit limit, less the £40 fee, to the card I was paying off.

charlieboycat

I've been told by MBNA (re Abbey card) that the minimum payment re the statement on which the fee appears will be an amount equal to the usual £5 plus the fee. I was also told that this means that the fee is regarded as paid off and that no interest will accrue thereon over the remainder of the BT 0% period. Haven't seen this in practice yet as BT only done yesterday.

jo_b_2

Alliance and Leicester added the transfer fee onto the outstanding balance, but it is still charged at 0% along with the amount transferred.