Easy Instalments Purchase Plans

Spread the cost of up to five eligible purchases over four manageable monthly instalments. And the best bit? It’s all at 0% p.a.

How it works

1

Make a purchase

Any eligible purchase between $100 and $10,000 will work. 1 Cash advances, gambling transactions, balance transfers, purchases on a promotional offer and purchases made more than 30 days prior aren’t eligible.
2

Set up your plan

Go to the ‘Offers' section in the app under 'Products & offers' – you can set up a plan if you have an eligible purchase and at least one of your five plans available.
3

Follow the prompts

Set up your plan in five easy steps.
4

Keep up to date

Track your Easy Instalments in the app to see how much you’ve already paid and how much you’ve got left to pay.

Setting up your plan

1

Get started in the app

Go to ‘Products & offers’ > 'Offers' in the app menu to start setting up your Easy Instalments plan.
2

Choose a purchase

Tap on the eligible purchase you’d like to put on a plan.
3

Confirm the details

Name your plan and check the summary before you submit your request.

What to pay each month

When you set up your plan, you’ll still need to meet your current and future monthly minimum payment. Each month when your new statement is issued, we’ll calculate your different repayment options in the app.

To keep your interest free days

You’ll need to pay the following by the payment due date:

  • Your monthly instalment amount (including any instalment amounts that are outstanding)
  • Any closing balance not part of an Easy Instalments plan
  • Any balance owing on balance transfers not on 0% p.a.

To stay on top of your plan

Pay your monthly instalment and your minimum monthly payment by the payment due date – we’ll tell you this amount in the app.

Screenshot of Easy Instalments payment options in the Bankwest App

Make it work for you

Frequently asked questions

Want to know more?

 

1

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

There’s no obligation to make your monthly instalment payment, but you’ll need to make the minimum monthly payment for your credit card (found on your statement) to avoid a late payment fee. Any instalments that you don't pay by the end of the plan term will revert to your standard purchase rate.

2

What if I already have repeated payments set up?

Any repeating or scheduled payments you have won’t change automatically, but you can update them to include your instalments if you want. If you've chosen the full closing balance payment option for your repeating or scheduled payments, you’ll need to update them otherwise the easy instalment plan amount will also be paid off. For further guidance, message us in the Bankwest App.

3

How can I track my plan and know when to make my payments?

In the Bankwest App, just tap on your credit card in your account list and go to the ‘Manage’ tab. This will show you the plan repayment options, plus the due dates for your payments. If you want more info about your existing plans on that card, tap 'Track Easy Instalments'.

Remember, you’ll also see your plan details on your monthly statement.

4

Why can’t I see a purchase in my list of eligible purchases?

Not all purchases are eligible – things like balance transfers, cash advances, purchases on a current promotional offer, gambling transactions and purchases made more than 30 days prior can’t be put on a plan. Keep in mind, only the full purchase amount can be put on a plan. If you've started paying back your credit card, you'll only be able to choose purchases that are less than your outstanding balance. Remember, your transactions will appear in order from newest to oldest.

If you’ve recently made a purchase, it might still be marked as ‘authorisation only’, so it’s best to check back in once the purchase has been fully processed.

5

What if I choose an eligible purchase that has already appeared on my issued statement?

If the purchase you've chosen for your Easy Instalment plan is in your last credit card statement, and you haven't paid the closing balance for that statement, make sure you deduct that Easy Instalment plan amount from your closing balance when paying it off to be able to keep your plan active.

Browse our range of credit cards

...and find one to suit you.

Need help setting up or managing your plan?

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

  1. Cash advances, gambling transactions, balance transfers, purchases on a promotional offer and purchases made more than 30 days prior aren’t eligible.

Lending criteria, fees and charges apply. Terms and conditions apply and are available on request. Available on eligible purchases between $100 and $10,000. Cash advances, gambling transactions, balance transfers, purchases on a promotional offer and purchases made more than 30 days prior aren’t eligible. You won't be able to apply for an Easy Instalments plan if you don't meet our eligibility criteria (e.g. if you've exceeded your limit or if you're in default). 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 balances that attract a higher interest rate may be repaid later which may result in you paying higher interest charges.

Terms of Use apply to the Bankwest App.