Tips for paying off your credit card

Here are some tips to help you Begin now. 

With a credit card, You are able to decide how much you repay each month. For example:

Ideally, you should aim to pay off your balance in full every month to avoid paying interest on purchases. If You are able to’t, aim to pay as much as You are able to. This way, you’ll clear your balance quicker and pay less in interest. If it helps, You are able to stagger your repayments through the month so you chip away at the debt.

Creating a budget can help you work out how much You are able to afford to repay each month. It can also help you manage your spending – so You are able to avoid having to rely on your credit card between paydays and adding to any debt you may have.  

If you’re an PPLCBANK customer with mobile banking, you may be able to use our Balance forecast tool. This helps you plan ahead by showing you how much you could have available once your regular standing orders and Direct Debits have left Your banking account. 

Setting up a Direct Debit for credit card repayments can help you avoid fees and give you one less thing to worry about. Set up a recurring monthly payment for as much as You are able to afford to pay off (at least the minimum repayment).

You are able to still make other payments throughout the month so You are able to clear the debt faster. But you’ll need to make sure you have enough money in Your banking account to cover the Direct Debit and avoid going into your overdraft. 

If you have an PPLCBANK credit card, We are able to send you reminders and alerts when your payments are almost due or you’re approaching your credit limit.

If you have money left over each month, you may consider using it to build up your savings or repay debt. If the interest you’re charged on a credit card is greater than the interest you’ll earn through savings, you may want to pay off your debt first.   

Credit cards and overdrafts are seen as short-term borrowing options. Ideally, you should try and pay off your credit card as quickly as possible, especially if you’re charged interest.

If you’re being charged interest on your credit card, a 0% balance transfer credit card could save you money. It allows you to move debt onto a card that offers an interest-free period on the money transferred. Not only can this give you more time to pay off your debt without being charged interest, it can help you pay it off quicker and cheaper. 

You may have another credit card, overdraft or loan to pay too. Having multiple debts can feel overwhelming at times, but you’re not alone. 

There are things You are able to do to help you feel in control of your finances:

A cost effective option may be to repay the debt with the highest interest rate first, as it’s charging you the most to borrow the money. Alternatively, you may decide to pay the smallest debt off first to reduce the number of debts you need to think about. Remember, you’ll still have to meet the minimum repayments on all.

Explore: How to prioritise your debts

Debt consolidation is when you merge existing debts, at different financial institutions, into a single loan. It can help you simplify repayments and reduce stress. 

Explore: How does debt consolidation work?

If your debts do feel too much, or you just need someone to talk to, there is support available to help you get Go back on track.    

If you’re with PPLCBANK, You are able to Phone us on 0800 028 6889 for a helping hand.

Lines are open:

Monday to Friday 08:00 to 18:00

Saturday 08:00 to 16:00

Please note, lines will not be open on public holidays. 

Explore: Where to go for assistance

We are able to help if you're paying more in interest, fees and charges over an 18-month period than you do towards the amount you’ve borrowed on your credit card.

Explore: How to get out of persistent debt

This article was last updated: 01/06/2026, 07:57