You can lock in a lower fixed rate on your credit card and repay in fixed Monthly Instalments over a select period of your choice.
Take advantage of a Fixed Payment Option in two ways:
Make or select a purchase (or combine up to 5
purchases) made on your credit card. Each purchase
must be $500 or more and must not have appeared on
your statement yet.
Nominate an amount of $500 or more within your available
credit limit to be sent to you as a cheque. Enjoy the things
you want now, knowing that you've locked in a lower interest
rate over a fixed term of your choice.
Missed Monthly Instalments will be charged the standard Annual Percentage Rate applicable to your account.
To find out whether there is a Fixed Payment Option offer currently available to you as well as the available interest rate,
sign in to Card Services Online and go to: Offers > Credit Card.
Please note this offer is subject to eligibility criteria and Terms & Conditions apply.
You can access a lower rate than your standard Annual Percentage Rate on your credit card.
As you repay the amount, your credit becomes available again to use for your next big purchase.
With fixed Monthly Instalments, you know exactly how much you will be paying every month for the Fixed Payment Option amount requested.
Use our calculator to see how much your Monthly Instalments could be.
You can choose to pay the Fixed Payment Option amount off earlier without early repayment fees. There are also no monthly or annual service fees.
You can still enjoy interest free days on your other purchases made outside the Fixed Payment Option when you continue to pay your closing balance off in full for each statement period less any Fixed Payment Option outstanding^.
Select a recent purchase (or combine up to 5), or request a cheque within your available credit limit. Each purchase or cash request must be $500 or more.
Select from the repayment terms available and save on interest with a fixed lower rate*.
Enjoy what you want now and budget with certainty with fixed monthly repayments.
An additional section is added to your statement called Fixed Payment Option Summary, which will outline the details of your
Fixed Payment Option(s) including your Monthly Instalment amount.
You can check the status of your Fixed Payment Option at anytime by logging into Card Services Online.
#The calculator shows the estimated fixed Monthly Instalment amount at 12.99% p.a. over 12 months, for the amount inputted into the calculator. This repayment amount assumes minimum instalments are paid by the Payment Due Date each month. It does not take into account other purchases and cash advances subject to interest at the Annual Percentage Rates.
Please note, if the monthly instalment isn't made by the Payment Due Date, the instalment amount will be charged at the standard Annual Percentage Rate.
*The Fixed Payment Option is subject to eligibility, account status, available credit limit and for cash requests, the available cash limit. For full Terms and Conditions of your Fixed Payment Option refer to the Credit Card Terms and Conditions and Other Important Information.
*Savings assumes that you are or will be incurring interest at the Annual Percentage Rate on any retail purchases before they are converted to a Fixed Payment Option or that you would incur an interest rate which is higher than the Fixed Payment Option rate for any cash requested. The savings also assumes that once the Fixed Payment Option has been setup, you pay the Monthly Instalments by the payment due date each month.
^The maximum interest free period applies when you pay your closing balance off in full, less any Fixed Payment Option amount, for two consecutive months by the payment due date. If you carry a balance on your credit card from month to month (exclusive of the Fixed Payment Option amount), the interest free period does not apply and you are charged interest from the purchase date. No interest free period is available on Cash Advances or when you have Balance Transfers.