I have had a Vanquis card for just over 18 months now,
this is my 1st credit card,
not a good one I know.
I started off with a limit of £250 and paid the balance off full when it was used.
My limit went up to £750,
I went into hospital to have an op and had to have a month of work, t
he card was up to about £700 and I have been making minimum payments and haven't used the card for around 6 months.
My balance stands at £803.58,
I called them and asked how can my balance be going up if im making the minimum payment each month
and never missed a payment?
They said that the minimum payment was an estimate of the interest you will be charged and payment that needs to be made is actually more.
Is that right? I am slightly bemused by this.
Any help would be much appreciated.