I set up a Buy Now, Pay Later plan before my account was updated to Argos Pay. What happens when the Buy Now Pay Later period ends?

We'll give you a heads up before your Buy Now, Pay Later (BNPL) period ends, but you can start making payments as soon as you'd like. At the end, you'll get a statement telling you how much you owe and your options for repaying it.

If you don't pay back your full BNPL balance when your plan ends, you'll start paying interest on the balance that's left. It'll be at your standard purchase rate, which you can find in the 'your account in detail' section of your statement, and it's charged in two ways:
• Deferred interest, covering the time from the date of your purchase until the plan end – explained in 'what is deferred interest?'
• Ongoing interest, worked out daily and shown on your statement each month after the plan ends

Another thing to consider is whether you have any other balances on your account, like flexible credit or instalment plans. If you want to clear your full BNPL balance at the end of your BNPL period and avoid deferred interest, you'll need to make a payment that covers:

• the BNPL plan balance, plus
• your minimum payment, plus
• any monthly instalment payments due that month

For example, imagine you have a remaining BNPL balance of £100, your minimum payment this month is £50, and you have a monthly instalment plan due of £20. To avoid deferred interest being applied, you'd need to make a payment of £170 to ensure your BNPL balance is paid off. If you pay any less than this, you'd still have a BNPL balance remaining.

This is because your payment will first go towards paying off the minimum payment of £50, followed by the monthly instalment of £20. Only once these are paid will your remaining amount go towards the BNPL.