Credit card with low minimum payment?

n111ck · 13 Jan 2010 at 21:36

Anyone know any credit cards offering 0% balance transfer but also with a very low monthly minimum payment?

Used Virgin for the last year as only had to pay £25 / month on a £7k balance - but once the 0% expires I will have to make £200 minimum payment.

Cant pay it off at present so want to lowest poss monthly payments.

POB · 13 Jan 2010 at 21:42

http://www.gocompare.com/gio-compario/

JJKrista1 · 13 Jan 2010 at 21:54

http://www.moneysupermarket.com/cards/

Ironic Namesake · 13 Jan 2010 at 21:58

http://www.moneysavingexpert.com/cards/balance-transfer-credit-cards#best

Depending on who you bank with Santander card is probably your best bet - but a 0% fee.

Haven't shifted debts around 0% cards for a while - back then they were offering some cards with 0% fee, doesn't seem like any around anymore

mrmoose · 13 Jan 2010 at 22:00

I was going to come in here keyboard blazing shouting to get a virgin card......even though I work for them.

check http://www.stoozing.com/0fees.php . It's got all the best balance transfer card at the moment and their minimum payments. All new virgin cards have changed from interest + £5 to interest + 1% of the balance. Make sure you move the balance from your virgin card before the statement date, not the payment date. This is a common mistake and may mean that you pay a couple of weeks worth of interest.

Mr. Anderson · 13 Jan 2010 at 22:25

I have a vanquis card. 0% for the month if you pay it off. £5minimum repayment each month.

Stretch · 13 Jan 2010 at 22:57

Trouble is most cards that offer 0% on balance transfers & low min payments will still charge you a percentage on the transfer itself which will be added to the debt.

Ironic Namesake · 13 Jan 2010 at 23:00

Stretch said:
Trouble is most cards that offer 0% on balance transfers & low min payments will still charge you a percentage on the transfer itself which will be added to the debt.

Even then a 3% charge for 12 months isn't bad!

mrmoose · 13 Jan 2010 at 23:09

And he'll make that 3% back after the second month anyway with the interest he would save when his promotional deal ends and reverts back to the standard rate.

Casdawer · 14 Jan 2010 at 08:12

I have an Abbey Zero card.