SurePay instalment plans. Break up acquisitions or balance

Assume control of one’s bank card repayments and break straight down credit cards purchase or stability into fixed month-to-month instalments over a collection term.

Qualities & advantages

Breakdown a purchase or your bank card stability. you select the quantity you’d love to pay back on the basis of the term and simply how much it is possible to pay for every month.

Versatile access

We all know that the circumstances can transform. Anytime, it is possible to cancel or spend your plan off early.

Freedom to possess numerous plans

You could have as much as 10 active plans at the same time, for each qualified bank card. No credit that is additional are expected.

Exactly How works that are payday loans West Virginia surePay

Select from 3 kinds of plans

Card purchase: to settle a purchase that is one-off of100 or higher, produced in the very last 2 weeks. These include annual insurances or resources, house stuff like furniture and white goods, electronic devices or unforeseen costs.

Card stability: to repay all or section of your balance that is card of600 or maybe more within a group time. Excludes payday loans, transfers of balance and current instalment plan balances.

Money balance that is advance to repay all or element of your hard earned money advance stability of $600 or maybe more within a collection time. Cash loan deals consist of ATM withdrawals and deals considered equivalent to cash e.g. traveller’s cheques.

Pick your purchase or stability

You’ll need certainly to choose an eligible purchase or balance to put in a strategy.

Choose your monthly instalment re payment

Start your payments that are monthly

Every detail of one’s plan together with your month-to-month instalment quantity and date that is due will soon be shown on your own next monthly statement once you setup an idea. This consists of your brand-new payment choices and a listing of your plan progress. You can even track your progress any right amount of time in NetBank or even the CommBank software.

You’ll be expected in order to make your SurePay monthly instalment payment/s on your regular statement deadline every month.

Missed payments and cancelled plans

If you miss an instalment that is monthly your plan won’t be cancelled. Any instalment that is unpaid for the thirty days should be transferred back again to the acquisition stability (or advance loan balance for cash loan plans) and charged in the standard purchase (or cash loan) price. This will also apply to any outstanding balance if you cancel a plan.

Keep in mind: once you put up an instalment plan you will nevertheless have to fulfill your present and future minimum that is monthly.

Interest & your instalments

Just exactly How interest works together with SurePay

The attention price will soon be fixed when it comes to complete term associated with the plan

Any period that is interest-free purchases will not connect with the acquisition or balance you transfer towards the SurePay plan

You might still qualify for interest free durations on acquisitions maybe not in an agenda if every month, you pay back all non-instalment balances as well as your monthly instalment payment/s because of the deadline each month.

SurePay re payments

If you have a SurePay instalment plan, your repayments to your bank card shall be reproduced the following:

Present month-to-month instalment payment/s (if you have got numerous plans payments are used from highest to lowest interest, if rates of interest are identical on all plans from oldest to latest)

Advance loan balances (if relevant)

Buy balances

Other balances such as for example transfers of balance (if relevant)

The second month-to-month instalment for any staying instalment balances.

This means your present instalment that is monthly will always compensated first, even if you have actually other balances with greater rates of interest (such as for instance payday loans or acquisitions maybe not in an idea). If this no further you prefer, you might cancel your plan whenever you want.

Installing a plan

SurePay can be obtained on qualified credit that is personal and Business Awards cards.

To create a plan up:

In NetBank go to Settings >Set up/manage SurePay plan

When you look at the CommBank application head to Accounts > charge card account > Manage account > plans that are surePay

Instead, contact us on 13 2221, or see your branch that is nearest.

Like to know about the most recent offers?

You can update your message preferences in NetBank if you’d like to hear about the latest SurePay program offers. Merely sign on, get to ‘Settings’, choose ‘Message preferences’, and opt in to get direct advertising provides under ‘Special provides, services and products & offers’.

Things you need to know

You will not have the ability to submit an application for an instalment plan in the event that you have exceeded your limit or if you are in default) if you don’t meet our criteria (e.g.. Instalment plans aren’t available on CommBank Neo, non-Awards company Cards, business cards or transfers of balance.

The regards to the Credit Card Conditions of good use concerning instalment plans (part 5) will use.

We apply your credit card payments first to your current monthly instalments while you have an instalment plan. This may use even if you’ve got other card balances with a greater rate of interest, such as for example payday loans and acquisitions instead of an agenda.

Any period that is interest-free acquisitions will not apply when the purchase is placed on a plan.

It is possible to cancel your instalment plan whenever you want. Whenever a termination is prepared, the outstanding instalment balance is supposed to be used in your purchases stability (or advance loan balance for cancelled cash loan plans) and accrue interest through the transfer date in the standard purchase or money interest rate relevant on the account.

In the event that you skip a payment per month your plan won’t be cancelled and you may continue steadily to make any remaining monthly premiums due up towards the end of the plumped for term. Nonetheless, in the event that you skip an instalment re re payment, the amount that is unpaid be utilized in your acquisitions stability (or cash advances balance if the instalment plan had been an advance loan plan). It will then accrue interest during the purchases (or advance loan) price.

Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and credit that is australian 234945.