You can pay in instalments at participating merchants.
How it works
At the point of payment, the merchant offers available instalment options. You choose one on the terminal or at online checkout.
Available plans
- 3 interest-free instalments: at merchants in current promotions
- 6 interest-free instalments: at merchants in current promotions
- 3, 6, 9 and 12 instalments with interest: at any merchant accepting instalments
Interest-free promotions change periodically. Check current ones under Benefits → Promotions.
How they’re debited
The first instalment is debited from your balance on the purchase date. Subsequent ones, on the same day each month.
If that day doesn’t exist in a given month (for example the 31st), it’s debited on the last day of the month.
If you don’t have balance on the due date
- We retry automatically for 5 days.
- If there’s still no balance on day five, the instalment falls into arrears.
- Default interest applies to the unpaid amount, as set out in the Terms and Conditions.
- We may suspend instalment purchases until you bring the account current.
Viewing pending instalments
Go to Cards → Instalments. You’ll see each instalment purchase, how many you’ve paid and what remains.
Early settlement
You can settle the remaining balance of an instalment purchase at any time from Cards → Instalments → Settle early. If the plan carried interest, unaccrued interest is deducted.
Total financing cost
Before you confirm an interest-bearing instalment purchase, we show the nominal annual rate, the effective annual rate and the total financing cost. Read them before accepting.