SurePay instalment plans. Digest purchases or balance

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

Qualities & advantages

Break up a purchase or your charge card stability. You select the total amount you’d like to pay back on the basis of the term and exactly how much it is possible to pay for every month.

Versatile access

We all know that your particular circumstances can change. Whenever you want, it is possible to cancel or spend your plan off early.

Freedom to own plans that are multiple

You could have as much as 10 active plans at any given time, for each credit card that is eligible. No credit that is additional are needed.

exactly How works that are surePay

Select from 3 forms of plans

  • Card purchase: to settle a purchase that is one-off of100 or maybe more, built in the very last fourteen days. For example annual insurances or utilities, house things like furniture and white products, electronic devices or expenses that are unexpected.
  • Card stability: to repay all or part of your balance that is card of600 or higher within a group time. Excludes cash advances, transfers of balance and existing instalment plan balances.
  • Cash advance balance: to settle all or section of your hard earned money advance stability of $600 or higher within a collection time. Advance loan deals consist of ATM withdrawals and transactions considered equivalent to cash e.g. traveller’s cheques.
  • Pick your purchase or stability

    You’ll need to select a qualified purchase or stability to put a plan on.

    Choose your instalment that is monthly payment

    Begin your monthly obligations

    Everything of one’s plan together with your month-to-month instalment quantity and due date, is likely to be shown in your next month-to-month statement once you put up a plan. This can include your brand-new payment options and a directory https://paydayloanexpert.net/payday-loans-ar/ of your plan progress. You may monitor your progress any amount of time in NetBank or the CommBank app.

    You’ll be expected to produce your SurePay instalment that is monthly on your regular declaration deadline every month.

    Missed payments and cancelled plans

    If you miss a month-to-month instalment repayment your plan won’t be terminated. Any instalment that is unpaid for the month is likely to be transported back once again to the purchase stability (or advance loan stability for advance loan plans) and charged during the standard purchase (or cash advance) rate. In the event that you cancel an idea this can additionally connect with any outstanding balance.

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

    Interest & your repayments

    Exactly exactly How interest works together with SurePay

  • The attention price will likely be fixed when it comes to full term for the plan
  • Any period that is interest-free acquisitions will no longer connect with the purchase or balance you move towards the SurePay plan
  • You might still qualify for interest free periods on acquisitions maybe not in an agenda if every month, you repay all non-instalment balances along with your monthly instalment payment/s by the deadline each thirty days.
  • SurePay re payments

    If you have a SurePay instalment plan, your instalments to your bank card will be reproduced as follows:

  • Current month-to-month instalment payment/s (if you have got numerous plans re payments are used from highest to lowest interest, if interest levels are the same on all plans from oldest to newest)
  • Advance loan balances (if relevant)
  • Buy balances
  • Other balances such as for example transfers of balance (if relevant)
  • The next instalment that is monthly any remaining instalment balances.
  • Which means that your current instalment that is monthly are often compensated first, even although you have actually other balances with greater interest rates (such as for example payday loans or purchases maybe not in an idea). If this not any longer suits you, you may cancel your plan whenever you want.

    Starting a strategy

    SurePay can be acquired on eligible personal charge cards and Business Awards cards.

    Setting a plan up:

  • In NetBank go to Settings >Set up/manage SurePay plan
  • Into the CommBank application head to Accounts > bank card account > Manage account > SurePay plans
  • Instead, give us a call on 13 2221, or check out your nearest branch.

    Like to learn about the most recent provides?

    If you’d want to hear about the latest SurePay program offers, it is possible to improve your message choices in NetBank. Merely sign on, get to ‘Settings’, select ‘Message preferences’, and opt in to get direct marketing provides under ‘Special provides, items & offers’.

    Things you need to know

    You will not have the ability to apply for an instalment plan if you do not satisfy our requirements (age.g. when you yourself have exceeded your limitation or you come in standard). Instalment plans are not available on CommBank Neo, non-Awards company Cards, business cards or balance transfers.

    The regards to the Credit Card Conditions of good use associated with 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 though you’ve got other card balances with an increased rate of interest, such as for example payday loans and purchases instead of an agenda.

    Any period that is interest-free acquisitions will not apply after the purchase is wear a plan.

    It is possible to cancel your instalment plan whenever you want. Whenever a termination is processed, the instalment that is outstanding will soon be utilized in your acquisitions stability (or cash advance stability for cancelled advance loan plans) and accrue interest through the transfer date at the standard purchase or money interest price relevant in your account.

    You can continue to make any remaining monthly payments due up to the end of your chosen term if you miss a monthly payment your plan won’t be cancelled and. Nevertheless, in the event that you skip an instalment re payment, the unpaid quantity will be utilized in your acquisitions stability (or cash advances balance if the instalment plan ended up being a cash loan plan). It shall then accrue interest during the acquisitions (or cash loan) rate.

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