Unless you have overdue amounts or you’ve gone over your limit, the payment details section only shows your closing balance, due date (or due now), and total minimum payment. If you have a balance transfer this section will also show your interest-free days payment.
This is the total amount you owe on your credit card when we create your statement at the end of the statement.
If you want to pay off your entire credit card debt for the month, the closing balance is the amount you’ll need to pay. If you pay this amount by the due date, or if your statement displays an interest-free days payment, you won't be charged any interest on your purchases. You can get a breakdown of the closing balance figure in the 'account summary' section in your statement.
We must receive payment by the due date. This payment should be at least your total minimum payment, or if you want to reduce your interest, your entire closing balance, or if your statement displays an interest-free days payment, this amount. Your previously mentioned payment window closes at the end of your due date, and if no payment is made you may be charged a late payment fee.
If you don’t owe us anything, there’s no payment date on your statement.
If you have an amount in red labelled 'due now', there are two different things that this could be:
- Past due amount - this is any amount you had to pay last month but didn’t. If you have a payment past due, there’ll be a bold message lower down on the statement as well.
- Over limit amount - this is any purchase you've made on your credit card above your credit limit.
If you have both a past due amount and an over limit amount, only the larger of the two is due now.
The difference between 'monthly payment amount' and 'total minimum payment'
The monthly payment is the amount due from purchases and transactions made during your monthly statement period.
The total minimum payment is the total of the monthly payment and any past due or over limit amounts that you must pay before the due date. You need to pay the total minimum payment to avoid a late payment fee.
If you’ve paid all your credit card debt for the last month these amounts will be the same. The monthly payment amount will only appear on your statement if it’s different to your total minimum payment.
Interest free days payment
If you have an outstanding balance transfer amount, the interest-free days payment is the amount you need to pay by the due date each month, to be eligible for interest-free days on purchases.
If your interest-free days payment is less than your minimum payment, this amount will be the same as the minimum payment to ensure you avoid paying a late payment fee.