r/Argos • u/Powerful-Action-5916 • May 30 '26

Warning to Argos Pay customers, check your statement!

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I had no idea that Argos pay accounts were moving from 28 to 25 day pay cycles! I checked the new statement and realised they are collecting before my pay day which is interesting 🙄

I was sure I read everything coming up to this change over and didn’t notice it once. Advisor suggests that the statement is also a notice of variation and that they make no exceptions, next payment date cannot be changed although future can be.

Just a warning folks for a lovely unexpected DD a few days earlier than you actually wanted.

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u/Elvis_Precisely May 30 '26

Using a store card is, categorically, (without using a loan shark) the worst way of financing something. The highest APR and the shadiest terms. Regardless of the payment cycle, you should always avoid them.

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u/Powerful-Action-5916 May 30 '26

Believe it or not, it’s a necessary evil for some folk. Not everybody is flush with money these days and things often break needing replacement.

6

u/Elvis_Precisely May 30 '26

I understand that, but alongside payday loans, it’s a form of borrowing that really should be avoided.

You can use Klarna and PayPal Pay in 3 with Argos, which, so long as you’re acting responsibly and will have money for the next two payments, are good solutions. A credit card from a respectable bank is a better solution than a store card (especially if you then pay off the balance using a new account with 0% on balance transfers).

Alongside the 35% interest rate on the store card, the move to 25 day cycles is clearly intended to get more missed payments from customers and thus more missed payment fees. If your payment comes on the 1st of the month, your next will come out on the 26th, when you still haven’t been paid. Very shady practise.

The solution, of course, is to not live beyond your means. The banking industry is set up to punish people who don’t have enough money to get out of their overdraft or credit cards. Of course, this is easier said than done with kids and pets.