This Is A Query About Credit Card

[JinnyJoan]

but don't know where to put it - point me in the right direction - thanks

 

[calmck]

Probably in Business and Finance or CB which is probably more looked at. A mod can always move it if necessary

[JinnyJoan]

ok - not a big question.  What would I be expected to pay £6,000 on a credit card over 2 years - thanks

[ToraToraTora]

you mean spend 6k and pay it off in 2 years? what rate?

[JinnyJoan]

i don't know - I guess my bank will tell me - if I am feeling better tomorrow I'll get a race over tomorrow.  I have been extremely can't even spell it.  Hyperventilating since Monday and not eating and can you believe it have gained about 5 pounds.  

[barry1010]

As a very rough estimate - £300 a month if the interest rate is 20%;  £280 if the interest rate is 10%

 

[ToraToraTora]

This is the barclaycard calculator, just fill in the boxes:

https://www.barclaycard.co.uk/personal/customer/repayment-calculator

eg I tried £300 at 22% and it said 25 months so £310 would do it but you need the apr to be accurate.

[gingejbee]

I've assumed an APR of 25%. You'll pay it of in just under two years by paying £330 per month..and you'll have paid back £7435. (The actual figure depends on the APR that your card charges, of course)

[Peter Pedant]

A mod can always move it if necessary

no they can only delete apparently - hence the loathed " I will delete this in 15m and you can if you like, repost somewhere else" [un-mimsy by reason of location]

but what is truth next week we may find ......

 

[Peter Pedant]

What would I be expected to pay £6,000 on a credit card over 2 years 

Jinz you need to  supply an interest  rate - if you specify a low rate  then the repayment rate is lower

20% - £305 per month

25 - £320 per month

30% - £335 per month - all for 24 months

I used https://www.thisismoney.co.uk/money/cardsloans/article-1633405/Loan-repayment-calculator.html

20-30 % seems to be the current rate