Manage your repayments with Instalment Plans

An Instalment Plan can help you take control of your credit card repayments. {sub-heading}

Why consider an Instalment Plan?

Instalment Plans are available to help you to manage your credit card repayments – from new purchases to balances already on your statement. You can turn larger amounts into smaller monthly repayments at a lower interest rate than your standard interest rate. It’s a practical way to manage repayments and plan ahead.

Easy Application

Turn payments into Instalments with no extra paperwork or credit checks.

Predictable

Fixed monthly repayments make it easier to take control of your expenses and know what’s coming.

Flexible

No early repayment fees if you cancel or pay off your plan early.

Keep your Interest Free Days

To keep your interest-free period, pay the Interest Free Days Payment from your last statement by the due date. Instalment amounts not yet due don’t need to be paid.

Your Instalment Plan options

Find what works best for you {sub-heading}

Statement Instalment Plan

Keep things manageable

Split a portion of your statement into fixed monthly repayments that work for you, and pay it off over a set term.

Take control of your repayments

Convert from $500 – it’s flexible, simple and helps you stay on top of things.

Transaction Instalment Plan

Buy now, pay it off over time

After you transact, convert eligible purchases of $50 or more into an Instalment Plan.

Great for life’s bigger spends

From home updates to everyday treats, spread out your payments without the stress.

How you can use Instalment Plans

Car expenses

Cover repayments for car registration or servicing month by month, instead of one big hit.

Holiday bookings

Lock in flights or accommodation now and pace the repayments over a set time frame.

Unexpected costs

Cover surprise expenses such as home fixes or vet bills with repayments scheduled over a set term.

Applying for an Instalment Plan

If you’re an existing customer, you can call us on 1300 669 648 to check your eligibility and apply for a credit card Instalment Plan.¹

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Frequently Asked Questions

What is an Instalment Plan?

An Instalment Plan allows you to make your repayments in monthly instalments at a fixed rate over a set term. You can use an Instalment Plan in two ways:

(a) Statement Instalment Plan – Convert retail purchases from your current statement. A minimum conversion of $500 applies. Excludes fees and charges, Balance Transfers, Cash Advances and existing Instalment Plans.
(b) Transaction Instalment Plan – Convert unbilled retail purchases of $50 or more into an Instalment Plan. Repay in monthly instalments at a fixed rate over a set term.

Is the Instalment Plan amount part of my existing credit card limit?

Yes. The Instalment Plan uses part of your existing Credit Limit, your Credit Limit doesn’t change. As you pay off your Instalment Plan amount/s, the amount/s you pay off will become available for you to use again as part of your Credit Limit and will be subject to the standard Annual Percentage Rates applicable on your account.

Can I have more than one Instalment Plan?

Yes, you can have more than one Instalment Plan on your card if the total amount of all the plans and your outstanding balance, do not exceed the Credit Limit.

Is there an Instalment Plan fee?

We may charge an Instalment Plan fee and the details will be specified before you set up the Instalment Plan.

How do I make the monthly instalment repayment?

Your monthly instalment repayment will appear on your statement and is included in your Minimum Payment Due amount each month.

How does my Instalment Plan appear on my statement?

An additional section is added to your statement which will outline the details of your Instalment Plan(s).

Do I keep my interest free period with an Instalment Plan?

The interest-free period applies when you pay your Interest Free Days Payment from your last statement by the Payment Due Date (excluding any Instalment Plan balance which isn’t due for payment by that Payment Due Date). No interest-free period is available on Cash Advances.

What happens if I fail to make a monthly instalment repayment by the Payment Due Date?

If you fail to pay the Minimum Payment Due or any other amount by its payment due date:

We charge interest on any unpaid Instalment, Instalment Fee or Initial Interest Charge component (and any interest calculated on any of them, and any interest on that interest) from the day after the payment due date. It will be calculated using the daily retail rate and the Daily Calculation Method until they are repaid in full.
We may also cancel the Instalment Plan. We will tell you if an Instalment amount is overdue before we cancel the Instalment Plan(s).

Can I cancel my Instalment Plan anytime?

You can cancel and pay off your Instalment Plan at any time without early repayment fees. Simply contact us on 1300 669 648.

Important Information

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