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A payment holiday gives you a 3-month break from payments. During this time, your minimum payment will be £0.
Interest is still charged and minimum payments will increase
We will keep charging interest during your payment holiday, which means your balance will go up.
So at the end of your payment holiday, your minimum payment will be higher than it is now.
If you use your card, your balance will increase further and as a result you could find keeping up with payments becomes more difficult. It will also take longer to pay off your balance if you only pay the minimum.
If your application is successful we’ll let you know by email or letter.
Contact us if you’re struggling financially to explore your options.