HUMM90 HELP & Support
Payments
Related Questions
What is the ‘Alternative repayment to reduce interest’ on my statement?
What is the ‘Alternative repayment to reduce interest’ on my statement?
The ‘Alternative repayment to reduce interest’ tells you how much you need to pay to avoid being charged interest.
It includes all outstanding amounts on your humm90 Account, except those which have an Interest Free Period extending beyond the next payment due date.
The ‘Alternative repayment to reduce interest‘ is calculated as at the statement date and assumes you don’t enter into any subsequent transactions, such as cash advances, on which interest is payable from the date of the transaction, and that your humm90 Account otherwise remains in good standing.
^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.
