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Credit Card Minimum payment?

Beans_On · 2007-08-26 14:02:30

Just got a credit card (BOI MAstercard) and i have a query regarding the minimum payment. Does a refund on to your credit card count as paying off your monthly minimum payment? i.e my minimum payment is 40e. I got refunded 80E last week from ryanair for a duplicate transaction.Will this suffice as a payment to pay for my…

26-08-2007 2:02pm

#1

Beans_On

Registered Users, Registered Users 2 Posts: 325 ✭✭

Join Date: March 2006

Posts: 249

Just got a credit card (BOI MAstercard) and i have a query regarding the minimum payment.

Does a refund on to your credit card count as paying off your monthly minimum payment?

i.e my minimum payment is 40e. I got refunded 80E last week from ryanair for a duplicate transaction.Will this suffice as a payment to pay for my monthly bill or do i need to transfer another 40e onto my credit card myself.

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Comments

#2 26-08-2007 2:06pm

Karoma

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Posts: 17630

You need to transfer another 40e onto you credit card yourself.

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#3 26-08-2007 5:50pm

BuffyBot

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Posts: 23571

Nope, refunds (generally) do not count.

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#4 26-08-2007 8:55pm

BendiBus

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Join Date: April 2003

Posts: 1936

If you've only just gotten a credit card and you're already just paying off the minimum amount then I think you need to take a hard look at your financial management!!

Paying interest on your credit card bill is a mugs game.

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#5 26-08-2007 9:48pm

stepbar

Closed Accounts Posts: 6,123 ✭✭✭

Join Date: June 2005

Posts: 5886

This is a good option if you plan to spend a few quid on the credit card

http://www.bankofireland.ie/html/gws/personal/credit_card/our_product/General_Content_1000155.html

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