HUMM90 HELP & Support
humm90 interest free card

How are payments allocated to my humm90 account?

Paying the full ‘Closing balance excl. instalment plans’ or the ‘Alternative repayment to reduce interest’ shown on your most recent statement is the easiest way to avoid interest and unnecessary fees.

Here’s how we allocate your payments to your humm90 account:

  • First, if you have an Instalment Plan, to any monthly Instalment Repayments shown on your most recent humm90 Account statement
  • Then, to parts of the closing balance (excluding Instalment Plans) shown on your most recent statement that attract the highest interest rate.
  • Then, to parts of that closing balance that attract the next highest interest rate and so on.
  • If the same interest rate applies to multiple parts of that closing balance, we will apply payments to any part of that closing balance that will not begin to accrue interest at a higher rate at a future date (e.g. transactions due to expire from an Interest Free Period), then to the next oldest transaction and so on.
  • Then, to any transactions that have not yet appeared on your statement.

If you have an Instalment Plan (including a humm90//WRAP), as you cannot repay an Instalment Plan early, no payment will be applied to a future Instalment Repayment until that instalment is shown in a humm90 Account statement issued to you.

^Up to 110 days Interest Free on humm90 Mastercard purchases (excluding cash advances) when you meet the Interest Free Criteria. Failure to make the required payments will result in you no longer meeting the Interest Free Criteria meaning that all new transactions from that day will be interest bearing from the date of the transaction. Any outstanding balance after the Interest Free Period reverts to the humm90 Purchase Rate, currently 25.80% p.a. and subject to change. Minimum monthly repayment required.