Easy Instalments Balance Plans

Find out how to make the most of your plan and stay on top of your credit card repayments.

How balance plans work

If you’re eligible for a plan, you’ll get an offer in the Bankwest App. From there, you can apply for the plan that best suits you.
  • Choose your instalments

    Tell us how much you can comfortably pay each month.
  • Get a lower interest rate

    The purchase balance you put on your plan will have a lower interest rate for the length of your plan.
  • Track your progress

    See how much you’ve already paid and what’s left to pay off in the app.

Make the most of your plan

Spend sensibly

If you use your card after you set up your plan, you’ll have more to pay off each month to avoid purchase interest.

Pay each month

Steadily reduce your balance by making your payments on time.

Understand your payments

See our payment guide to avoid fees and get the most from your plan.

What to pay each month

When you set up a plan, you’ll still need to make your current and future minimum payments. Let’s take a look at your different options each month.

To make the most of your plan

Pay your monthly instalment amount by the due date (including any outstanding monthly instalment amount) and at least your minimum monthly payment.

To avoid a fee

Pay your minimum monthly payment by the due date.

To keep your interest free days

You’ll need to pay your monthly instalment amount (including any that are outstanding), plus any statement balance or balance transfer that’s not on your plan, by the due date. Don’t worry, we’ll crunch the numbers for you in the app.

From your ‘Accounts' screen, tap on your credit card in the account list, then go to the ‘Manage’ tab to get started.

Screenshot of the Easy Instalments payment options in the Bankwest App

Frequently asked questions

Want to know more?


What happens if I miss or can’t make my instalment plan payments?

There’s no obligation to make your monthly Easy Instalments payment, but you’ll need to pay the minimum monthly payment for your credit card (found on your statement) to avoid a late payment fee.


What’s a purchase balance?

It’s the combination of purchases and interest currently on your credit card. It doesn’t include balance transfers or cash advances.


How could an Easy Instalments Balance Plan help me pay off my credit card?

The portion of your purchase balance that you put on the plan will be charged at a lower interest rate, so you’ll pay less interest on that amount for the life of the plan.


Will my credit limit change?

No, your credit limit won’t change if you set up an Easy Instalments plan.


How will you apply payments to my credit card?

When you apply for an Easy Instalments plan, you’re requesting we apply your credit card payments first towards your monthly instalment amount (including any that are outstanding). This means any other amounts that attract a higher interest rate (like a cash advance and any purchase not on a plan) may be repaid later, which could result in you paying higher interest charges.

Need help setting up or managing your plan?

Message us in the app or call us – we’re available 24/7.

Lending criteria, fees and charges apply. Terms and conditions apply and are available on request. Available on purchase balances between $500 and $50,000 for eligible customers. When you apply for an Easy Instalments plan, you are requesting an amendment to your allocation of payments in accordance with clause 6. of the Easy Instalments Terms and Conditions. To apply payments in this order may mean that other paying higher interest charges.