If you can afford it, it’s always a good idea to pay more than the minimum payments each month, in order to clear your balance faster and reduce your overall interest payments.

It’s important to note that paying less than the minimum payment is not an option. Failing to meet this requirement means being considered delinquent on your credit card payment. The consequences of …

Even if you set your direct debit to pay just the minimum monthly repayment, you can still pay extra when you can afford to. You could do this online, in your banking app or at a branch.

Sep 18, 2025 · Take your credit card statement and plug the details into the calculator below to see how long it will take you to clear your debt if you just paid the minimum (and how much interest will rack up).

Sep 10, 2025 · Pay more than the minimum payment. This will help chip away at your credit card balance more quickly and reduce the amount of interest you pay. Even if you can’t pay off the full …

Always pay at least this minimum by your due date, or you could end up paying fees, losing any promotional offers and affecting your credit score. To clear your statement balance sooner and …

Feb 12, 2025 · Can you pay less than the minimum payment on a credit card? While you technically can, it’s not recommended as it leads to late fees, higher interest and a drop in your credit score.

Ideally, you should aim to pay off your balance in full every month or as much as you can. Only making the minimum repayment on your credit card can mean it takes you longer to clear a credit card debt, …

Discover how to manage credit card repayments by paying more than the minimum. Learn how the Minimum Payment Plus helps to reduce your outstanding debt quickly.

Sep 10, 2025 · Your credit card minimum payment is the lowest amount you can pay towards your debt, but it is not an effective way of clearing your credit card balance. If you want to pay off your debt as …