Hi I've just received my first statement for my 0% purchase card, and the minimum payment is the full balance of the statement. I can't see anyway to lower the minimum payment requirements online. Does anyone know if this can be done, or if Tesco can do this if I call? I got a long 0% card to fund a large, one-off, purchase, so having to pay it all off after just one month could be challenging. Thanks
It's a paper statement. I've since read some of the Ts & Cs about how the minimum payments are calculated. It was a bit confusing, but this statement balance is under £25, so I think maybe that why it has asked for a fill payment. The next statement isn't due yet , but will be a lot higher. I assume it will then show a minimum payment which is lower than the full balance.
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10-10-15 19:12Verified AnswerIt's a paper statement. I've since read some of the Ts & Cs about how the minimum payments are calculated. It was a bit confusing, but this statement balance is under £25, so I think maybe that why it has asked for a fill payment. The next statement isn't due yet , but will be a lot higher. I assume it will then show a minimum payment which is lower than the full balance.
MargaretC