on 01-02-2018 11:18 AM
I am looking to estimate what my min monthly repayments would be during a zero interest period for a business credit card.
Have phoned and asked various people with no luck, so hoping you can give an idea of how this is done.
I am not looking for an exact figure, i will get that monthly in any case, this is to allow an estimate of what that payment will be based on average monthly balance.
Many thanks in advance
01-02-2018 03:04 PM - edited 01-02-2018 03:07 PM
Hey @mattw, thanks for getting in touch with us. As you have mentioned, your minimum monthly repayment will vary based on the spend made within the statement period. Generally speaking, this is based on approximately 2.5% of the statement balance - I hope this is what you're after!
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on 01-02-2018 04:03 PM