Specialist credit card provider, TradePro, announced yesterday a reduction in cardholders’ minimum monthly payments with immediate effect.
The move, taken in response to customer feedback, is a reaction to the current market conditions and economic uncertainty.
The 7.5% minimum monthly payment has been reduced to just 4.25% on all account cards.
“Many of our customers have been telling us that trading conditions are difficult at present’ said TradePro ceo David Bloom. “We have reacted to try to assist them through these difficult times. Whilst many financial institutions are withdrawing lending to small businesses, we are standing firm in support of our cardholders to help them manage their cash flow’.