If you're planning to clear your credit card balance, you’ll need a payout figure. This tells you the total amount needed to pay off your account on a specific date.
Your payout figure includes:
- Your current outstanding balance
- Any accrued interest and fees
- Applicable payment handling fees
Keep in mind that you can request a payout figure only up to your next payment due date.
Latitude App
Simply follow these steps:
- Select your card
- Tap Manage My Account
- Select Request a Payout Figure
- Choose your preferred date and payment method
- You can then save your payout figure displayed or take a screenshot.
Latitude Service Centre
Once you are logged into the Latitude Service Centre, go to Make a Payment and you will see the updated amount in the Current balance field.
This is ideal if you want to pay down your balance but keep your account open for future use. Any associated payment fees or interest charges you incur between making your payment and the funds clearing will be on your next statement.
Please ensure that you include an extra amount in your payment to cover payment fees (if applicable) or any re-occurring interest charges on your account.
Things to Keep in Mind
- The payout figure may change if any transactions or charges have not yet been processed or debited from your account, or if interest rates change after the payout figure is obtained.
- If the payout isn’t received by the due date, a new payout figure may be needed.
- Requesting a payout figure doesn't mean y you’re committed to paying it.
- Paying your account balance to $0 does not automatically close your account. If you are looking to close your account, click here.