When determining the best way to allocate money to your connected credit cards, we consider several factors:
Estimated interest; how much interest we expect you’ll pay based on previous usage and payment behaviour.
Repayment time; how long we estimate it will take you to repay the outstanding balance based on your repayment behaviour.
Promotional periods; any introductory or promotional rates (e.g., 0% APR; reduced interest; fee waivers) that affect the cost and timing of repayments.
These factors are dynamic and can change over time. As you make repayments, the calculations adjust; the priority of your cards may change from month to month. This variation is normal and expected.
While it’s common to focus on paying down the largest balance first, this isn’t always the most efficient strategy. To optimise repayments yourself, you’d need to constantly track balances, usage, interest fees, late fees (if any), interest rates, promotional periods, and repayment behaviour.
We handle this automatically; ensuring your money is allocated in a way that aims to be efficient given your current circumstances.