SurePay instalment plans. Breakdown acquisitions or balance

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

Features & advantages

Break down a check purchase or your bank card stability. You decide on the total amount you’d love to pay back in line with 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, you are able to cancel or spend your plan off early.

Freedom to own multiple plans

You’ll 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 exactly How works that are surePay

Select from 3 forms of plans

  • Card purchase: to settle an one-off purchase of $100 or maybe more, built in the past week or two. For example annual insurances or resources, home stuff like furniture and white products, electronic devices or expenses that are unexpected.
  • Card stability: to repay all or element of your card balance of $600 or higher within a group time. Excludes payday loans, transfers of balance and current instalment plan balances.
  • Cash advance balance: to repay all or element of your cash advance stability of $600 or even more 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 choose an qualified purchase or stability to put in a strategy.

    Select your instalment that is monthly re re payment

    Begin your payments that are monthly

    Everything of one’s plan as well as your monthly instalment amount and date that is due are going to be shown on your own next month-to-month declaration once you setup a plan. This consists of the new payment options and a listing of your plan progress. It is possible to track your progress any right amount of time in NetBank or perhaps the CommBank app.

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

    Missed payments and plans that are cancelled

    In the event that you skip an instalment that is monthly your plan won’t be terminated. Any unpaid instalment quantity for that month is likely to be transmitted back once again to the acquisition stability (or cash loan stability for advance loan plans) and charged during 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 want to satisfy your present and future minimum that is monthly.

    Interest & your instalments

    just How interest works together with SurePay

  • The attention price is likely to be fixed when it comes to complete term for the plan
  • Any period that is interest-free acquisitions will not connect with the acquisition or balance you transfer 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 by the deadline each month.

    • SurePay re payments

    When you yourself have a SurePay instalment plan, your repayments to your charge card shall be reproduced the following:

  • Present month-to-month instalment payment/s (if you’ve got numerous plans re re payments are applied from highest to lowest interest, if rates of interest are identical on all plans from oldest to newest)
  • Cash loan balances (if relevant)
  • Purchase balances
  • Other balances such as for instance transfers of balance (if relevant)
  • The following month-to-month instalment for any staying instalment balances.

    • This means your overall month-to-month instalment repayments will always compensated first, even though you have actually other balances with greater interest levels (such as payday loans or acquisitions maybe not in an agenda). If this no further suits you, you might cancel your plan whenever you want.

    Starting a plan

    SurePay can be acquired on eligible individual bank cards and Business Awards cards.

    To create up an agenda:

  • In NetBank go to Settings >Set up/manage SurePay plan
  • Within 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 check out the newest provides?

    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’, select ‘Message preferences’, and opt in to receive direct advertising provides under ‘Special offers, items & offers’.

    Things you need to know

    You will not have the ability to apply for an instalment plan in the event that you never fulfill our requirements (age.g. when you have surpassed your restriction or you have been in standard). Instalment plans aren’t available on CommBank Neo, non-Awards company Cards, business cards or transfers of balance.

    The terms of the charge card Conditions of good use associated with instalment plans (part 5) will use.

    Whilst you have actually an instalment plan, we apply your credit card repayments first to your present month-to-month instalments. This can use even if you’ve got other card balances with a greater interest, such as for example payday loans and acquisitions instead of a strategy.

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

    You are able to cancel your instalment plan whenever you want. Each time a termination is prepared, the outstanding instalment stability is utilized in your acquisitions stability (or advance loan stability for cancelled cash loan plans) and accrue interest through the transfer date during the standard purchase or cash interest price relevant in your account.

    In the event that you miss a payment per month your plan won’t be cancelled and you may continue steadily to make any remaining monthly premiums due up into the end of one’s selected term. But, in the event that you skip an instalment re payment, the amount that is unpaid be used 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) price.

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