ANZ Instalment Plans are a tool that eligible ANZ credit card customers can apply for in the ANZ App.

They can be used to pay off eligible purchases or some of your balance on an eligible ANZ Credit Card^disclaimer via monthly Instalments.^disclaimer You can pay bit by bit.

If you are eligible to apply for a Plan you will see the option “ANZ Instalment Plans” in the “Manage” section of your credit card in the ANZ App.

From there, the steps to apply for a Plan are simple:^disclaimer

1. First click on the “ANZ Instalment Plans” link in the “Manage” section of your credit card in the ANZ App.
2. Choose if you would like to pay off some of your balance or an eligible purchase:
   1. For Balances - choose the amount you’d like to apply to pay off in Instalments.
   2. For Purchases - choose the purchase you’d like to pay off in Instalments.
3. Choose the number of Instalments.
4. Review the details of the Plan and submit your application.
5. If approved, once set up your Instalments will form part of your Minimum Monthly Payments.
6. You can cancel your Plan at any time. Easy as.

While we’d love to make this promotion available for all customers, not everyone meets eligibility criteria all the time. If you can’t see “ANZ Instalment Plans” in the ANZ App this may be because your account currently doesn’t meet the applicable eligibility criteria to apply for a Plan or because you may not be on the latest version of the ANZ App.

You will be prompted to enter an eligible amount from your Purchases balance or an eligible purchase which you can apply to enrol in an ANZ Instalment Plan in the ANZ App and then select the number of Instalments that best suits you.^disclaimer

It is possible to have more than one ANZ Instalment Plan on an account at a time. A separate Plan is created each time we accept your request to enrol some of your balance or a selected purchase in an ANZ Instalment Plan. You can have up to 99 active ANZ Instalment Plans at any one time.

ANZ Instalment Plans are like Buy Now Pay Later services in that they allow you to buy now, repay later. The key difference between BNPL and Instalment Plans is that full amount of the purchase plus the setup fee is deducted from your ANZ credit card upfront, which you can repay over 3, 6 or 12 months.

Here are some other differences:

• Instalment Plans are a feature of your existing credit card, meaning you apply for and manage an Instalment Plan all in the ANZ App.
• Any Instalment Plans you take up are covered by your existing credit limit, meaning there’s no need to apply for additional credit if you’re eligible for an Instalment Plan and within your limit.^disclaimer
• Instalment Plans are a credit card feature, so you’ll continue to receive 24/7 anti-fraud protection with ANZ Falcon™.^disclaimer

We’d be happy to discuss why you couldn’t set up an ANZ Instalment Plan on this occasion. Give us a call on 1800 269 484.

If your application to set up an ANZ Instalment Plan is approved, we may send you a confirmation document with information about your Plan. Please ensure that your contact details (including your email address) is valid and up to date. Once your Plan is active, it will display in your ANZ App. Information about your Plan will also be displayed on your credit card statement.

You can cancel the Plan at any time via the ANZ App or just give us a call on 1800 269 484 – we’re here to help.

Please note that if an Instalment Plan ends or expires early,^disclaimer the remaining unpaid balance for that Plan will be transferred back to the Purchases balance of your Credit Card Account. You may be charged interest on the outstanding ANZ Instalment Plan balance at the standard purchases interest rate^disclaimer  once it has been transferred to your Purchases balance.

You can cancel the Plan at any time via the ANZ App or just give us a call on 1800 269 484 – we’re here to help.

ANZ will refund the Setup Fee in the form of a credit to your Credit Card Account if we receive your request to cancel the Plan within 7 days of your ANZ Instalment Plan becoming active (being when the Plan is accepted by ANZ). The Setup Fee will be credited to your Credit Card Account within two ANZ Business Days of receiving your cancellation request.

Please note that if an Instalment Plan ends or expires early,^disclaimer the remaining unpaid balance for that Plan will be transferred back to the Purchases balance of your Credit Card Account. You may be charged interest on the outstanding ANZ Instalment Plan balance at the standard purchases interest rate^disclaimer  once it has been transferred to your Purchases balance.

To be eligible for an ANZ Instalment Plan, some of the criteria you need to meet includes:

• The Purchase or Purchases balance you want to enrol on a Plan must be $100 or more
• Your repayments must be up to date (you’ll be ineligible if you’ve missed the minimum repayment on your credit card account statement for the past two statement periods)
• Your credit card account must not have exceeded 95% of the available credit limit

If you have questions about your eligibility, you can give us a call on 1800 269 484.

A Setup Fee applies when you enrol an eligible purchase into an ANZ Instalment Plan. However, a Setup Fee will not apply when you enrol some or all of your Purchases balance into an ANZ Instalment Plan.

You can find information about the rates, fees, and charges that would relate to a particular Plan (if approved) on the “Confirm details” screen in the ANZ App. Once a Plan is approved by ANZ you’ll also be sent a confirmation email with details and can refer to your statements of account.

A Setup Fee^disclaimer applies when you enrol an eligible purchase onto an ANZ Instalment Plan and is an Instalment Plan Fee which is calculated as a percentage of the eligible purchase amount.

The Setup Fee is added to the amount that’s enrolled in the Plan which is payable over the number of Instalments you select and forms part of your Minimum Monthly Payments.

If a Setup Fee applies to your Plan, you can see details of the amount of this Fee in the "Confirm details" section of the ANZ App, and once a Plan is approved by ANZ the amount of any Setup Fee that applies will be shown on your statements of account.

A Plan interest rate^disclaimer is the discounted variable purchases interest rate that applies to your ANZ Instalment Plan balance when you enrol some or all of your Purchases balance onto a Plan.

You can see the Plan interest rate that would apply to a particular Plan (if approved) in the “Confirm details” section of the ANZ App.

The Instalments you choose will form part of the Minimum Monthly Payments due on your credit card, which you pay off monthly as part of your credit card payments.

Just a heads up though:

• The amount you enrol on an ANZ Instalment Plan may incur interest at the standard purchases interest rate^disclaimer that applies to your account before it’s enrolled onto an ANZ Instalment Plan or if there’s an unpaid balance after your Plan ends. The standard purchases interest rate^disclaimer applicable to your account may also continue to apply to any amounts (like accrued interest) that continue to form part of your Purchases balance.
• If your application is successful, the Plan will start from the day that the amount is enrolled into an ANZ Instalment Plan (not, for example the day a purchase is made, or the day you apply for the Plan).
• While an ANZ Instalment Plan applies to your account, the payments you make will be applied in a different way, which can have interest consequences.
• For more info see the ANZ Instalment Plan Terms and Conditions (PDF).

Your monthly Instalments form part of the ‘Minimum Monthly Payment’ amount which you’ll see on your credit card statements whilst the Plan is active. You’ll need to pay at least this amount to meet your Plan payments (plus any 'Payable Immediately’ amounts) shown on your statements. Of course, you can also choose to pay more.

You’ll find details of the Instalments, Minimum Monthly Payments, amounts owing and Due Dates in your statements of account. You can also check details of your active Plans in the ANZ App.

An important thing to be aware of is that your Minimum Monthly Payments will be higher while an ANZ Instalment Plan applies to your account. That's because the Instalments form part of the Minimum Monthly Payments that are due.

Learn more about how to pay

At the bottom of your statements you’ll find a section called ‘Accepted Promotions’. That’s where you’ll see your Instalment Plan details.

You’ll need to check your statement for the Adjusted Closing Balance first. Then select ‘Pay Other Amount’ in the ANZ App and input your Adjusted Closing Balance as the amount to be paid.

Learn more about how to pay

Instalments will form part of the ‘Minimum Monthly Payment’ that’s due on your credit card account.

You’ll need to continue to pay at least this amount (plus any 'Payable Immediately’ amounts) shown on your statements.

Your Minimum Monthly Payments will be higher while you have an ANZ Instalment Plan applied to your account. That's because your Minimum Monthly Payments will include any Instalments that are due.

The first Instalment for a particular Plan will be due on the Due Date of the first statement you receive after an amount is successfully enrolled in that Plan.

The remaining Instalments are due on each of the following statement period Due Dates.

You can find information about your Instalments and when payments are due on an Instalment Plan on your statements of account.

Yes. The payments you make to your credit card account whilst you have an ANZ Instalment Plan will be applied differently. 

You can learn more about how your payments are applied by reading the ANZ Instalment Plan Terms and Conditions (PDF). Something to note is that when a payment is processed to your account whilst an ANZ Instalment Plan applies to your account, the payment will be applied to pay off your ANZ Instalment Plan Instalments which are due first, and not the balance with the highest interest rate. That means you might pay more interest than if your payments did go to the balance with the highest interest rate. You could end up paying more interest by applying payments in this way, than you would have if the payments had been applied to the highest balance first.

You can withdraw your request to apply payments in this way at any time by calling us on 1800 269 484 and requesting this.^disclaimer If you do, ANZ will cancel your ANZ Instalment Plan and interest may apply to any remaining ANZ Instalment Plan balance at the standard purchases interest rate^disclaimer that applies to your account.^disclaimer

So that’s an easy answer. You’ll see an ‘Adjusted Closing Balance’ on your statement. If you are currently eligible for Interest Free Days on your purchases balance, make sure you pay at least the ‘Adjusted Closing Balance’ on each statement if you want to keep enjoying your Interest Free Days. 

It’s important to note, Interest Free Days do not apply to Instalment Plan amounts.

If you don’t currently have the benefit of Interest Free Days on purchases applying to your account, and your account is eligible for this benefit, you can regain the benefit:

• By paying the full ‘Adjusted Closing Balance’ shown on your next (or any subsequent) statement by the Due Date; or
• If the ‘Adjusted Closing Balance’ on a subsequent statement is $0 or in credit.

See the ANZ Credit Card Conditions of Use (PDF) for more information.

If you have CardPay Direct set up on your account, it continues to operate whilst you have Instalments due.

Here’s how it works depending on how you have CardPay Direct set up:

If CardPay Direct is set up to pay the full Closing Balance^disclaimer each month: CardPay Direct will debit the ‘Adjusted Closing Balance’ (rather than the full ‘Closing Balance’) in accordance with the CardPay Direct terms. 

If CardPay Direct is set up to pay the Minimum Monthly Payment: CardPay Direct will continue to debit this amount plus any 'Payable Immediately’ amounts in accordance with the CardPay Direct terms. If an Instalment is due under the Plan it will form part of the ‘Minimum Monthly Payment’ amount.

If you’ve selected the ‘set monthly amount’ option when you set up CardPay Direct:

If you have selected the ‘set monthly amount’ option and you only have a Promotional Plan balance (like an ANZ Instalment Plan balance) owing on your account at the time the CardPay Direct Payment is processed, CardPay Direct may only debit the Minimum Monthly Payment (plus any 'Payable Immediately’ amounts) due rather than the set amount.

If you wish to make an extra payment you can do so by making a manual payment to your account after the Due Date when that CardPay Direct Payment is credited to your account and before the end of the relevant statement period.

If you have selected the ‘set monthly amount’ option and you have more than a Promotional Plan balance owing on your account, CardPay Direct may debit the greater of the set amount or the Minimum Monthly Payment as shown on your relevant statement, (plus any 'Payable Immediately’ amounts).

Well, the Instalment will become a 'Payable Immediately’ amount and you may be charged a Late Payment Fee, as explained in your Credit Card Contract.

If you don’t meet your Credit Card Contract obligations, such as not paying the Minimum Monthly Payments shown on a statement, the ANZ Instalment Plan(s) on the account at that time may be cancelled by ANZ.

No, you need to pay the difference between the Closing Balance and the amount you enrolled into an ANZ Instalment Plan by the Due Date on your recent statement. Otherwise, you may pay off your Instalment Plan early.

Yes, you may be charged interest on that balance at the standard purchases interest rate^disclaimer that applies to your account if an ANZ Instalment Plan expires or is ended early.^disclaimer You can learn more about what happens when your Plan ends early in the ANZ Instalment Plan Terms and Conditions (PDF). The date it is effective will be reflected on your statement of account in the statement period in which the cancellation or end is processed by ANZ.

Quick tip: You can generally avoid paying interest on your Purchases balance if you pay the ‘Closing Balance’ or ‘Adjusted Closing Balance’ (as applicable) in full by the Due Date shown on each statement of account.

You can cancel your ANZ Instalment Plan at any time in the ANZ App or by giving us a call on 1800 269 484.

When a cancellation is processed, the outstanding ANZ Instalment Plan balance will be moved to your Purchases balance and may start to attract interest at the standard purchases interest rate^disclaimer applicable to that account.^disclaimer

The cancellation or ending of a Plan may not be effective immediately and will depend on factors including the day or time when the event triggering the early end of the Plan or when the cancellation request is made and how it is made.^disclaimer The date it is effective will be reflected on your statement of account in the statement period in which the cancellation or end is processed by ANZ.

You can learn more about this in the ANZ Instalment Plan Terms and Conditions (PDF).

ANZ does not charge a fee for cancelling a Plan. However, if interest has accrued on the balance enrolled on the Plan, it will not be refunded and will transfer to the Purchases balance on the relevant Credit Card Account.

This means that you may be charged interest at the standard purchases interest rate^disclaimer that applies to your account on any unpaid amount that has been part of an ANZ Instalment Plan balance if that Plan ends or expires early.^disclaimer

For more info see the ANZ Instalment Plan Terms and Conditions (PDF).

When a Setup Fee applies to your ANZ Instalment Plan, we will refund the Setup Fee in the form of a credit to your Credit Card Account if we receive your request to cancel the Plan within 7 days of your ANZ Instalment Plan becoming active (being when the Plan is accepted by ANZ). The Setup Fee will be credited to your Credit Card Account within two ANZ Business Days of receiving your cancellation request.