What does Minimum Payment Plus mean?

The Minimum Payment Plus is a monthly amount that we encourage you to pay if you can afford to as it can help you avoid holding long term debt and save you money compared to only making the contractual minimum payment.

It will cover at least double the interest, fees and charges shown on your statement and will change each month in line with spending and repayments. The amount includes your contractual minimum payment.

Please see the following FAQs for more information on Minimum Payment Plus:

• What's persistent debt?
• How do I know if I'm in persistent debt?
• How much do I need to increase my payments by?
• What's the difference between the minimum payment and Minimum Payment Plus?
• How much will the Minimum Payment Plus be?
• What happens if I only pay the Minimum payment rather than the Minimum Payment Plus amount?
• What happens if my Minimum Payment Plus Direct Debit goes unpaid?
• What should I do if I pay the Minimum Payment Plus by Direct Debit, but can’t afford the amount one month?
• Why is my Minimum Payment Plus higher when I've taken out a Balance Transfer or used my card abroad?
• How can I pay the Minimum Payment Plus?