22 Feb 2018

A question about : credit card repayments!!!

Hi everyone, if my interest on my Halifax credit card is 27.45% and my balance is 1,500, how much should I pay back a month? Thanks in advance

Best answers:

  • Does your statement not show the monthly rate and the minimum payment?
    A Summary Box for some random Halifax card (check for yours, it has to be the same):
    Quote:
  • Min payment will be around Ј50. As to how much you should pay back - Ј1500
    Calculator here can show how little you need to overpay to reduce the time taken to clear the debt https://www.thisismoney.co.uk/money/c...ity-check.html
    Ј50 pm = 52 months, Ј70 pm = 30 months
Category: 
Credit Cards
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