Take solid control of the bank card repayments and break straight down a charge card purchase or stability into fixed monthly instalments over a collection term.
Qualities & advantages
Breakdown a purchase or your bank card balance. You decide on the quantity youвЂ™d love to pay back in line with the term and just how much you really can afford every month.
We all know that the circumstances can alter. Whenever you want, you can cancel or pay down your plan early.
Freedom to possess plans that are multiple
You’ll have around 10 active plans at the same time, for each qualified bank card. No additional credit checks are expected.
How works that are surePay
Pick from 3 kinds of plans
Pick your balance or purchase
YouвЂ™ll need certainly to select an qualified purchase or balance to put a plan on.
Choose your instalment that is monthly re payment
Begin your payments that are monthly
Every detail of one’s plan together with your month-to-month instalment quantity and deadline, will likely be shown on your own next month-to-month declaration once you put up an idea. This can include the new payment choices and a directory of your plan progress. You are able to monitor your progress any amount of time in NetBank or perhaps the CommBank application.
YouвЂ™ll be asked in order to make your SurePay instalment that is monthly 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 wonвЂ™t be cancelled. Any instalment that is unpaid for the month will likely to be moved back again to the purchase balance (or cash loan stability for cash loan plans) and charged during the standard purchase (or cash loan) rate. In the event that you cancel an idea this can additionally affect any outstanding balance.
Keep in mind: once you arranged an instalment plan you are going to nevertheless want to meet your overall and future minimum that is monthly.
Interest & your instalments
Exactly How interest works closely with SurePay
SurePay re payments
If you have a SurePay instalment plan, your instalments to your charge card shall be reproduced the following:
This means your overall instalment that is monthly are often compensated first, even though you have other balances with higher interest levels (such as for instance payday loans or acquisitions maybe perhaps not in an idea). If this no further you prefer, you might cancel your plan whenever you want.
Creating a plan
SurePay can be obtained on qualified credit that is personal and Business Awards cards.
To create a plan up:
Instead, contact us on 13 2221, or go to your branch that is nearest.
Wish to know about the newest provides?
You can update your message preferences in NetBank if youвЂ™d like to hear about the latest SurePay program offers. Simply log in, get to вЂSettingsвЂ™, choose вЂMessage preferencesвЂ™, and opt in to get direct advertising provides under вЂSpecial provides, products & offersвЂ™.
Things you need to know
You will not have the ability to submit an application for an instalment plan if you have exceeded your limit or if you are in default) if you don’t meet our criteria (e.g.. Instalment plans are not available on CommBank Neo, non-Awards company Cards, business cards or transfers of balance.
The regards to 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’ve got other card balances with an increased interest, such as for instance 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. Whenever a termination is prepared, the instalment that is outstanding is going to be transferred to your acquisitions balance (or cash loan stability for cancelled advance loan plans) and accrue interest from the transfer date at the standard purchase or money interest price relevant on your own account.
In the payday loans Alaska event that you skip a payment your plan wonвЂ™t be terminated and you may continue steadily to make any remaining monthly premiums due up towards the end of the selected term. Nonetheless, in the event that you miss an instalment re payment, the unpaid amount will be used in your acquisitions stability (or cash advances balance if the instalment plan had been a advance loan plan). It will then accrue interest in the acquisitions (or cash loan) price.
Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian credit licence 234945.