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Argos card-deferred interest question

Shmurple
Posts: 11 Forumite
Hi 
Bought a few items on a BNPL plan on an Argos card and the last of the BNPL plans are due to end this month. The statement says that the interest next month will be £225 (the deferred interest.) The usual interest payments are around £6.
My question is; will this be the amount of interest added on EVERY month (we can't pay that!!) or is that just the whole of last years interest? the current balance is £1032.85 which is £257.22 on a normal credit plan and the two BNPL plans which are expiring which are £94.33 and £681.30, if that helps.
Am I right in thinking that the monthyl interest will be about £25-£26? (29.9% of 1032.85 divided by 12? Or am I completely working it out wrongly? :S )
The card is in my dad's name (with his permission) so I can't ring them as they won't speak to me!

Bought a few items on a BNPL plan on an Argos card and the last of the BNPL plans are due to end this month. The statement says that the interest next month will be £225 (the deferred interest.) The usual interest payments are around £6.
My question is; will this be the amount of interest added on EVERY month (we can't pay that!!) or is that just the whole of last years interest? the current balance is £1032.85 which is £257.22 on a normal credit plan and the two BNPL plans which are expiring which are £94.33 and £681.30, if that helps.
Am I right in thinking that the monthyl interest will be about £25-£26? (29.9% of 1032.85 divided by 12? Or am I completely working it out wrongly? :S )
The card is in my dad's name (with his permission) so I can't ring them as they won't speak to me!
0
Comments
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I know what APR stands for :P I just wanted to make sure. Thank you0
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