Break down big purchases or your balance

Take close control of one’s charge card repayments and break up a credit that is large purchase or stability into fixed month-to-month instalments over a group term.

Break up a purchase that is large your bank card stability. You select the total amount you’d like to pay back in line with the term and simply how much you really can afford each month.

Versatile access

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

Freedom to possess numerous plans

You’ll have as much as 10 active plans at the same time, for each credit card that is eligible. No extra credit checks are expected.

How works that are surePay

Select from 3 kinds of plans

• Big purchase: to repay a one-off purchase of $100 or even more, built in the past fourteen days. For example yearly insurances or resources, house things like furniture and white items, electronic devices or unforeseen costs.
• Card stability: to settle all or section of your card balance of $600 or higher within a group time. Excludes payday loans, transfers of balance and current instalment plan balances.
• Money advance balance: to settle all or element 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 balance or purchase

You’ll need certainly to select an qualified purchase or stability to put in a strategy.

Pick your month-to-month instalment re payment

Begin your monthly obligations

Every detail of your plan as well as your month-to-month instalment quantity and date that is due are shown on your own next month-to-month statement when you setup a strategy. This consists of your re payment options and a listing of your plan progress. You may monitor your progress any amount of time in NetBank or perhaps the CommBank software.

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

Missed payments and cancelled plans

In the event that you skip a month-to-month instalment repayment your plan won’t be cancelled. Any unpaid instalment quantity for that thirty days may be transmitted back once again to the purchase stability (or cash loan balance for cash advance plans) and charged during the standard purchase (or advance loan) price. This will also apply to any outstanding balance if you cancel a plan.

Keep in mind: whenever you put up an instalment plan you are going to nevertheless need certainly to satisfy your overall and future minimum that is monthly.

Interest & your instalments

Exactly just just How interest works together with SurePay

• The attention price is supposed to be fixed when it comes to term that is full of plan
• Any period that is interest-free acquisitions will not connect with the acquisition or balance you move into the SurePay plan
• You might still qualify for interest free durations on acquisitions perhaps perhaps not in an idea if every month, you pay back all non-instalment balances along with your month-to-month instalment payment/s because of the deadline each month.

SurePay re re payments

When you’ve got a SurePay instalment plan, your instalments to your charge card will be employed the following:

1. Present instalment that is monthly (if you’ve got numerous plans payments are used from highest to lowest rate of interest, if rates of interest are exactly the same on all plans from oldest to latest)
2. Cash loan balances (if relevant)
3. Buy balances
4. Other balances such as for example transfers of balance (if relevant)
5. The following instalment that is monthly any remaining instalment balances.

Which means your overall instalment that is monthly are often compensated first, even though you have actually other balances with greater rates of interest (such as for example payday loans or acquisitions perhaps perhaps not in an agenda). If this no more you prefer, you might cancel your plan whenever you want.

Starting a strategy

SurePay can be obtained on all individual bank cards and Business Awards cards.

To create up an agenda:

• In NetBank go to Settings >Set up/manage SurePay plan
• Into the CommBank software head to Accounts > charge card account > Manage account > SurePay plans

Desire to check out the newest provides?

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

Things you must know

You’ll not manage 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 payday loans in Rhode Island don’t meet our criteria (e.g.. Instalment plans aren’t available on non-Awards company Cards, corporate cards or transfers of balance or Great Rate deals.

The terms of the bank 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 have got other card balances with an increased rate of interest, such as for instance payday loans and acquisitions maybe not on a strategy.

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

You’ll cancel your instalment plan whenever you want. Whenever a termination is prepared, the outstanding instalment stability should be utilized in your acquisitions balance (or cash loan stability for cancelled advance loan plans) and accrue interest through the transfer date at the standard purchase or money interest rate 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 re payment, the amount that is unpaid be utilized in your acquisitions stability (or cash advances balance if the instalment plan was a cash loan plan). It will then accrue interest during the acquisitions (or advance loan) price.