Credit Card Minimum payment?

Beans_On

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.

Karoma

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

BuffyBot

Nope, refunds (generally) do not count.

BendiBus

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.

stepbar

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