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Minimum payment

edited 30 November -1 at 1:00AM in Credit Cards
8 replies 902 views
SncjwSncjw Forumite
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edited 30 November -1 at 1:00AM in Credit Cards
Hi all

I have a Barclay card platinum for purchases and I have 28 months at 0% offer. Now I normally pay my clarity off in full but I want to use my Barclay card so I spread cost if I have a tricky month.

Now with minimum payment will they mark it as such on a 0% deal. I am saving to buy a house and don’t want that to affect it too much.

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  • Willing2LearnWilling2Learn Forumite
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    Allegedly the account will be marked with a 'promo' marker, so there should not be a negative impact of making minimum payments (in theory).

    But when I look at my three credit files, I do not see any such marker on my credit card promotions. I would just pay a small amount extra every month by Standing Order to be on the safe side. :)
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  • Ben8282Ben8282
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    Pay slightly over the minimum then there will be no risk of such a marker. Problem solved.
  • CandyappleCandyapple Forumite, Board Guide
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    Sncjw wrote: »
    Hi all

    I have a Barclay card platinum for purchases and I have 28 months at 0% offer. Now I normally pay my clarity off in full but I want to use my Barclay card so I spread cost if I have a tricky month.

    Now with minimum payment will they mark it as such on a 0% deal. I am saving to buy a house and don’t want that to affect it too much.

    I managed to get my mortgage last year with numerous cards that were on 0% deals for many years and I only paid the minimum on them - never had any minimum payment markers. I think it was on Experian it showed them as being on a promotional rate. Either way, it never affected me.
    I'm a Board Guide on the Credit Cards, Loans, Credit Files & Ratings boards. I'm a volunteer to help the boards run smoothly, and I can move and merge threads there. Any views are mine and not the official line of moneysavingexpert.com
  • foxy-stoatfoxy-stoat Forumite
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    You should be making more than the minimum payments, as you may find the lenders increasing the minimum payment percentage in line with new guildines.
  • NasqueronNasqueron Forumite
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    Do remember that promotional deals for purchases are rarely available for the full card period, often only the first 2-3 months or when they give you an offer

    foxy-stoat wrote: »
    You should be making more than the minimum payments, as you may find the lenders increasing the minimum payment percentage in line with new guildines.


    With 0% deals I wouldn't have thought they would as you might want to BT again at the end for example
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  • SncjwSncjw Forumite
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    I rang and they said I have it for 28 months on purchases at 0%
  • SncjwSncjw Forumite
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    I have noticed a strange thing that the card I have is suited for people who have Income over 20k yet I earn under that I got the card. Very bizarre
  • Willing2LearnWilling2Learn Forumite
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    Candyapple wrote: »
    … it was on Experian it showed them as being on a promotional rate.
    Thanks for that. I hadn't 'found' the promotional markers before, but now I can see them :)
    I work within the voluntary sector, supporting vulnerable people to rebuild their lives.

    I love my job

    :smiley:
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