• Join Date: Sep 2021
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    Balance £31.92 but minimum payment £25.00 - WTF ??
    10-09-21 , 12:09

    Hello - can anyone shine some light on the following issue I encountered today: I have just received notification to pay my Tesco credit card bill and advised the outstanding balance is £31.92. Fair enough.

    I was then presented with paying the full amount OR the minimum payment of £25.00 (???) 😯 I thought the minimum payment was usually 5% of the amount - or am I missing something here? I did double-check and it was definitely £25.00 !!

    Granted, I haven't used the card in a while and did received a letter a few days ago saying the card would be cancelled if not used within a certain time limit - so am just wondering if this is being factored in ?

    Thanks for any advice/guidance offered.
    Click below to see solutions
  • Join Date: Mar 2020
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    Best Answer
    10-09-21 , 12:55

    Hi @AnotherfineMess66

    The Tesco Credit Card minimum monthly payment is generally either 1% or £25 (whichever is larger) or the total of any interest, default fees and charges plus 1% of the outstanding balance plus any arrears.

    Hope this helps!!

    Warm wishes, Caz @25H
  • Join Date: Sep 2021
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    10-09-21 , 15:07

    Hi Caz@25H

    Oh - I see.....!!
    Serves me right for not using it for a while....!! Fair do's - thanks for the info. Happy to accept this as the solution.

    ​​​​​​​Thanks again.
  • Join Date: Mar 2020
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    10-09-21 , 16:56

    Hi @AnotherfineMess66

    You're very welcome.

    Have a lovely weekend :-))

    Caz @25H
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