Each month we’ll send you a statement showing your minimum payment and the date it’s due. Your minimum payment is made up of:
- any overdue amounts from previous months (always cleared first)
- any instalment plan payments due that month for plans of 12 months or longer
- and a payment towards your remaining balance calculated as the monthly interest rate.
If the total comes to less than £5, you’ll pay £5 instead. You can always choose to pay more than the minimum, and we’d encourage you to where you can, it means you’ll pay less interest overall and will clear your balance sooner.