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new virgin 0% min payment?

madge7
madge7 Posts: 133 Forumite
i transferred a few balances to my new virgin card a couple of days ago, these equal just over £2500 altogether. when i asked what the minimum payment would be, the girl told me £5! i said - 5%? she said - NO £5.

ok so although i am planning on paying MUCH more than that off per month, i was very intrigued to know if this could possibly be true? sounds unbelievable to me!

does anyone know?

Comments

  • YorkshireBoy
    YorkshireBoy Posts: 31,541 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    According to the online T&C's, your first minimum payment will be 3% of the balance (debt transferred + BT fee), and subsequent minimum payments will be £25.
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