You can customise your repayment plan so it works for you.
When you first join Keebo, you can choose how to make a payment.
You have the following options:
- Full Balance- clear your balance each month and avoid paying interest
- Minimum due- pay the minimum due each month. You will pay interest on the amount left to pay.
- Custom amount- if the amount you set is less than the minimum balance on your statement, the minimum balance will be collected. If the full balance owed on your account is less than the custom amount, only the full balance will be collected.
Lots of people overpay on their credit cards to reduce the amount of interest on their outstanding balance.
By changing your repayment amount, it can help you pay more than the minimum amount and clear your balance faster.
If you use it effectively, paying back the total balance will mean you'll never pay any interest.
Please note that your repayment may take up to 3 working days to update on the app after payment is taken.