Take solid control of the bank card repayments and digest a credit that is large purchase or stability into fixed month-to-month instalments over a group term.
Qualities & advantages
Break down big purchases or balance
Break up a purchase that is large your charge card stability. You select the total amount youвЂ™d love to pay back in line with the term and just how much you really can afford every month.
We understand that your particular circumstances can transform. Whenever you want, you can easily cancel or spend down your plan early.
Freedom to have plans that are multiple
It’s possible to have as much as 10 active plans at the same time, for each credit card that is eligible. No credit that is additional are needed.
Just How SurePay works
Pick from 3 forms of plans
Pick your purchase or stability
YouвЂ™ll need certainly to choose a qualified purchase or stability to put a plan on.
Choose your instalment that is monthly re re payment
Begin your payments that are monthly
Every detail of the plan as well as your month-to-month instalment quantity and deadline, will likely to be shown in your next monthly declaration once you put up a plan. This consists of the new re re payment choices and a directory of your plan progress. You may also monitor your progress any amount of time in NetBank or even the CommBank software.
YouвЂ™ll be asked to create your SurePay monthly instalment payment/s on your regular declaration deadline every month.
Missed payments and plans that are cancelled
In the event that you skip an instalment that is monthly your plan wonвЂ™t be terminated. Any unpaid instalment quantity for the thirty days may be moved back again to the acquisition stability (or advance loan stability for cash loan plans) and charged during the standard purchase (or advance loan) price. In the event that you cancel an agenda this may additionally affect any outstanding stability.
Remember: once you create an instalment plan you are going to nevertheless want to satisfy your overall and future month-to-month minimum repayments.
Interest & your repayments
Just just How interest works together with SurePay
SurePay re re payments
If you have a SurePay instalment plan, your repayments to your charge card shall be reproduced the following:
Which means that your present instalment that is monthly will always compensated first, even although you have actually other balances with greater interest levels (such as for instance payday loans or acquisitions maybe perhaps not in an idea). If this no further you prefer, you may cancel your plan whenever you want.
Installing a plan
SurePay can be obtained on all credit that is personal and Business Awards cards.
Setting a plan up:
Instead, give us a call on 13 2221, or check out your branch that is nearest.
Desire to learn about the most recent provides?
You can update your message preferences in NetBank if youвЂ™d like to hear about the latest SurePay program offers. Simply sign on, get to вЂSettingsвЂ™, choose вЂMessage preferencesвЂ™, and opt in to get direct advertising provides under вЂSpecial provides, items & offersвЂ™.
Things you need to know
You will not manage to apply for an instalment plan in the event that you do not satisfy our requirements (age.g. when you yourself have surpassed your restriction or if you come in standard). Instalment plans aren’t available on non-Awards company Cards, business cards or transfers of balance or Great price deals.
The regards to the charge card Conditions of good use associated with instalment plans (part 5) will use.
Although you have actually an instalment plan, we use your bank card payments first to your overall month-to-month instalments. This may use even if you have got other card balances with an increased rate of interest, such as for example payday loans and acquisitions instead of an agenda.
Any interest-free duration on acquisitions will not apply when the purchase is placed on a plan.
You are able to cancel your instalment plan whenever you want. Whenever a termination is prepared, the outstanding instalment stability may be used in your acquisitions stability (or advance loan stability for cancelled cash loan plans) and accrue interest through the transfer date in the standard purchase or money interest price relevant in your account.
In the event that you skip a payment per month your plan wonвЂ™t be terminated and you will continue steadily to make any remaining monthly premiums due up towards the end of the plumped for term. But, in the event that you skip an instalment re re payment, the unpaid quantity will be used in your acquisitions stability (or cash advances balance if the instalment plan ended up being a cash advance plan). It will then accrue interest in the acquisitions (or advance loan) price.
Commonwealth Bank of Australia ABN 48 123 123 124 AFSL and Australian credit licence 234945.