Existing cardholders: Find out what you need to know about the move to MyCard including important information about managing your account and helpful FAQs.
New applications: Applications for new MyCard credit cards are coming soon.
What is a Statement Instalment Plan?
Take control of your credit card or Ready Credit account repayments today with a statement instalment plan.
Key Benefits
Reduced interest rate
Secure a lower interest rate than your standard annual percentage rate with a statement instalment plan. Your interest rate is defined at the time of the instalment plan offer.
No fees if you cancel or pay early
Make additional repayments or pay off your plan early without incurring any early repayment fees.
Keep your interest-free days
The interest free period applies to retail purchases when you pay the interest free days payment in full by the payment due date. Benefit applies to credit cards only.
Manageable monthly instalments
Choose the amount (minimum $500) you want to turn into an instalment plan based on your monthly budget and pay it over a set term.
If you have big expenses like school fees or repairs you want to pay down, you can lock in your interest rate and spread repayments over a set term that suits you.
Eligibility criteria applies.
How to set up a Statement Instalment Plan
Follow our step-by-step guide to learn how to set up a Statement Instalment Plan using the MyCard App or MyCard Online.
Instructions for mobile devices and web browsers
- Log in to the MyCard App or MyCard Online
- Select Instalment Plans from the home screen
- Select View Instalment Plans
- If you have a statement instalment plan offer available, then the Set up statement Instalment Plan option will be visible. Select this option to set up a statement instalment plan. Review the Instalment Plan details and agree to the Terms and Conditions.
- Tap Submit request to finalise your Instalment Plan
- Your Instalment Plan has been successfully set up
Don’t have the MyCard App?
