You are reading a single comment by @danb and its replies.
Click here to read the full conversation.
-
http://www.bretwhissel.net/cgi-bin/amortize very useful calculator for this sort of thing
http://www.bretwhissel.net/cgi-bin/amortize very useful calculator for this sort of thing
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
danb
hugo7
That is a good point. I'll check.
The min is 2.5% or £5, whichever is greater. But the DD will always take at least the min repayment so there shouldn't be a penalty.
Basically I'm looking to use a new credit card predominantly as a short term loan for a series of purchases to avoid dipping into savings, but then going forward as a way to help me save/take advantage of interest.
As a starting point I just wanted to check my logic - assuming I just spent a load of £s in month 1, but no more in months 2-25.