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When you start an instalment plan, you are agreeing to pay a number of monthly payments. This amount will be added to the monthly minimum payment for your standard credit card, with the total making up your Requested Payment. You’ll only ever have one Requested Payment to make regardless of the amount of instalment plans you have.
Your monthly minimum payment that you pay for your credit card balance will be added to your instalment plan payment and we call these payments “Your Requested Payment”. Your Requested Payment includes your minimum payment plus any payments you need to make towards your instalment plans. You only need to make one payment regardless of the number of instalment plans you may have.
Your statement will show you the Requested Payment amount that you need to make every month. An instalment plan will increase your monthly Requested Payment as you are choosing to clear your balance in a timeframe that suits you. You can use our app to work out the monthly payment for different instalment plan terms and to help you decide which instalment plan is best for you.