PayLater

A PayLater Instalment Payment plan lets you convert your credit card purchases at participating merchants (with the PayLater logo) into equal instalments that you will repay over a set period of time.

Each instalment is calculated by dividing the purchase amount by the instalment period evenly. If there is a remainder, the remaining sum is added onto the last instalment. You will have to pay the full amount of each instalment on or before the payment due date as stated in your card statement.

As long as your card account is not in default, over its limit, or in breach of our Terms & Conditions and Cardholder Agreement, you and your supplementary cardholders (if you have any) are eligible for a PayLater Instalment Payment plan.

You can start any PayLater Instalment Payment plan once your card is activated.

No. Once your transaction is approved at POS or checkout page, none of the options (such as tenure, price and amount) can be amended.

You will see your PayLater Instalment Payment plan on your next credit card statement together with the monthly repayment amount. Please note that the instalment plan may take up to 5 working days to set up, so if you start it just a couple of days before your credit card statement date, you won't see it until the following statement.

Yes. Purchases you make on a PayLater Instalment Payment plan are eligible for reward points.

Yes, there is an early settlement fee of $100. You can repay your entire balance as early as you like, but it may take up to 5 working days to process.

For any refunds or early settlement, you need to let us know so we can off‑set the amount against the plan to close it off. If you do not inform us about the refund, the monthly instalment plan will continue to be billed.

No, partial settlements are not allowed.