How will payments be applied to my account?

Your payment will continue to be applied to the highest interest part of your balance first. This includes any new Buy Now, Pay Later (BNPL) plans which are set up after your account updates to Argos Pay, even if the plan is in its final month. This ensures that we minimise the interest you are charged.

However, your payments will be applied a little differently if you set up a new instalment plan, which are being introduced as part of the update to Argos Pay.

If you have an instalment plan, we'll apply your payments first to the minimum payment due and then to the instalment amount due that month. This is to ensure your plan does not break. If you make additional payments, we'll apply these to balances at a higher rate of interest first.