Unless you’ve overdue amounts or you’ve gone over your limit, this red box only shows your closing balance, due date (or due now), and minimum payment. If you have a balance transfer this box will also show your interest free days payment.
This is the total amount owing on your credit card when we “print” your statement, i.e. once the statement period ends.
If you want to pay off your entire credit card debt for the month, this is the amount you’ll need to pay. If you pay this amount, or if your statement displays an interest free days payment, this amount, by the due date each month, we won’t charge you purchase interest.
To the left of the payment details box, your account summary breaks down your closing balance (more on that below).
We must receive payment by this date. This is at least your total minimum payment, or if you want to reduce 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.
If you don’t owe us anything, there’s no payment date on your statement.
If you’ve a red amount labelled due now, there are two different things that this could be:
Past due amount: 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 this page as well).
Overlimit amount: any amount you’ve charged to your credit card above your credit limit.
If you have both a past due amount and an overlimit amount, only the larger of the two is due now.
Monthly payment amount and Total minimum payment
Don’t confuse the ‘monthly payment amount’ with the ‘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 overlimit amounts that you have to pay before the due date (you need to pay this amount to avoid a late payment fee).
If you’ve cleared all your credit card debt last month these amounts are the same. We’ll only show you your monthly payment if it’s different to your total minimum payment.
Interest free days payment
While 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.