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NotThamesWater
Soul
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.