Plan and Pay

What is Plan&Pay?
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How to set up
FAQs

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What is Plan&Pay?

Plan&Pay is a repayment plan for your credit card. It splits your credit card repayments into smaller bite-sized instalments.

There are two types of Plan&Pay:

Purchase Plan&Pay for single purchases of $200 or more made within the last 30 days.
Balance Plan&Pay for any credit card balance (or part of a credit card balance) of $200 or more.

Enjoy the smarts of Plan&Pay

Help ease credit card stress

Made extra purchases on your credit card? Simply spilt your repayments into easier, manageable instalments.

Set up is easy

Look out for the Plan&Pay option for your credit card purchases of $200 or more in the BankSA App or online.

Pay 0% interest

Pay 0% p.a. on purchases for the first 3, 6 or 12 months when you meet all the Plan&Pay requirements. Just pay an upfront fee based on your purchase amount¹.

Track multiple Plan&Pays

Get the repayment support of up to 8 Plan&Pay plans at a time to help you manage your monthly budget better.

Which Plan&Pay works for you?

See which option could help you manage your credit card expenses.

Purchase Plan&Pay

Great for those single credit card purchases of $200 or more made within the last 30 days. When you need easier repayments for purchases like new white goods, a holiday or a laptop for example.

See how to set up

Balance Plan&Pay

For any credit card balance (or part of a credit card balance) of $200 or more. For times when you’ve had extra monthly expenses or need to manage a balance transfer.

See how to set up

What could a 3, 6 or 12-month Plan&Pay purchase cost you?²

Made some big buys this month? Here are 3, 6 or 12-month Purchase Plan&Pay examples as a guide. The actual costs of any Plan&Pay will be confirmed during setup in the BankSA App or in Online Banking.

Washing machine

3 months

- Purchase value: $500

- Upfront fee: 1% ($5)

- Monthly instalment $168.33

- Interest: 0% if you pay within 3 months

Laptop

6 months

- Purchase value: $1,00

- Upfront fee: 2% ($20)

- Monthly instalment $170

- Interest: 0% if you pay within 6 months

International flight

12 months

- Purchase value: $2,000

- Upfront fee: 4% ($80)

- Monthly instalment $173.33

- Interest: 0% if you pay within 12 months

More to love

Help minimise Interest

Whether you’re paying off your balance or a big-ticket item, Plan&Pay could save you interest over time.

Repayment flexibility

Choose the repayment timeline that suits you best.

Complete visibility

See your plans, upcoming repayments and outstanding balances when you logon to the App or Online banking.

Cancel any time

Cancel your Plan&Pay at any time (or pay it off sooner) without any extra fees.

How to set up

1. Select Plan&Pay

Click the ‘Services’ bell on your credit card Account details page, then select ‘Plan&Pay instalment plans’.

2. Make a plan

Choose to set up a Plan&Pay plan for any recent eligible purchase, or to pay off your balance.

3. Confirm the details

Fill out the remaining information, choose your repayment schedule, then hit confirm to finish.

Get started Get started

Download the BankSA App

Some common Plan&Pay questions answered

How do I create a Plan&Pay?

Simply logon to Internet Banking or the BankSA Mobile Banking App to set up and manage a Plan&Pay Instalment Plan. To create a Balance Plan&Pay, choose either a credit card balance, or a Balance Transfer balance with 3 or more calendar months remaining on the balance transfer period. You also have the option of choosing a Cash Advance Balance.

To create a Purchase Plan&Pay, simply view your recent transactions. Any purchase of $200 or more made within the last 30 days will have the option to‘Pay off in instalments’ at 0% p.a. interest. An upfront fee will also apply.¹

Who can create a Plan&Pay on my card?

What does it cost to create a Balance Plan&Pay?

What does it cost to create a Purchase Plan&Pay?

Purchase Plan&Pay plans have a 0% interest rate but are subject to an Upfront Fee, detailed in table below:

Purchase Plan&Pay term	Interest Rate	Upfront Fee (% of the eligible purchase amount)
3 months	0%	1%
6 months	0%	2%
12 months	0%	4%

The upfront fee will be added to the Plan&Pay balance and will be included in the monthly instalment calculation. We will indicate the amount of the monthly instalment when you set up a Purchase Plan&Pay plan in Internet or Mobile Banking. To ensure that your credit card balance does not exceed the credit limit, please consider the amount of the establishment fee indicated when you set up a plan.

How does a Plan&Pay affect what I need to pay each month?

What happens if I miss a Plan&Pay repayment?

If you do not pay all or part of the ‘Minimum Payments with Instalments’ amount for two consecutive months, then we may cancel your Plan&Pay plan.

If you miss any Plan&Pay instalments, you may have a remaining balance at the end of your Plan&Pay term. Any Plan&Pay balance that remains at the end of the term will be subject to the variable Annual Percentage Rate that applies to the relevant balance type.²

Note that you will still need to pay the ‘Minimum Payment Due’ to avoid a Missed Payment Fee.

How does a Plan&Pay affect how my payments are applied?

By creating a Plan&Pay you request that we change the order in which payments are applied to your Card Account, so that the instalment amount can be paid during the Plan&Pay term. This means that we will apply payments to your Card Account in the following order:

To the Plan&Pay instalment(s) shown on your most recent statement
Then to your Main Account Balance in the order as described in Clause 6.3 of the Credit Card Terms and Conditions
Then to any outstanding Plan&Pay Balance(s)

If you have more than one Plan&Pay, we will pay off the plan with the highest interest rate first. If two or more Plan&Pays have the same interest rate, we will apply the payment to the oldest plan first.

In some circumstances this means you might pay more interest than if you didn’t have a Plan&Pay. You can cancel your plan at any time via Internet Banking.

When you no longer have any Plan&Pay plan(s) on your account, for example, when you repay or cancel the plan(s), then we will apply payments to your account in the order as described in Clause 6.3 of the Credit Card Terms and Conditions.

Can I make extra repayments?

Yes, you can make extra repayments. Any additional repayments you make will be applied in the order as described in clause 6.3 of the Credit Card Terms and Conditions. This means that your additional repayments will go toward your Main Account Balance and new transactions before being applied to the Plan&Pay Remaining Balance. Interest charged on your Plan&Pay Remaining Balance will appear on your next monthly statement. Interest will continue to accrue on your instalment plan until the plan expires or is paid off completely.

Can I cancel a Plan&Pay?

Will my statement look different after I set up a new Plan&Pay plan?

I've set up Large Purchase Plan&Pay after my statement cycled, but before my required payment due date, what am I required to pay to maintain my interest free days?

You will be required to pay the monthly closing balance minus the transaction amount placed onto Plan&Pay. For example, if your statement closing balance is $10k, and you placed a $5k purchase onto Plan&Pay, your required monthly payment would be $5k. If you have AutoPay established already, this will automatically be adjusted to sweep the required amount.

Why can’t I set up Plan&Pay?

There could be a number of reasons why you are unable to request a Plan&Pay:

Your account must be in order
For Large Purchase Plan&Pay, the full transaction amount in question must be owing on the account. For example, if you have made a $10k purchase but only owe $5k due to making repayments to the account, you will not be able to place this transaction onto a Large Purchase Plan&Pay.

Will I receive a notification once Plan&Pay is set up?

Ready to get started?

Just logon to the App to set up your Plan&Pay instalment plan.

Don’t have a BankSA credit card?

Plan&Pay is available right now on eligible personal credit cards.

Things you should know:

1. 0% interest rate applies to Purchase Plan&Pay only. The establishment fee payable varies depending on the instalment plan term plan selected and will be added to your account balance. If you’re close to your credit limit, check this fee won’t take you overlimit.

2. Subject to the BankSA Credit Card Terms and Conditions (PDF 351KB).

3. Balance Plan&Pay plans have different interest rates. Logon to your Internet or Mobile Banking to compare Balance Plan&Pay rates against your standard rates.

This information does not take your personal objectives, circumstances or needs into account. Consider its appropriateness to these factors before acting on it. Read the Credit Card Terms and Conditions before deciding. Unless otherwise specified, the products and services described on this website are available only in Australia from  © BankSA - A Division of Westpac Banking Corporation ABN 33 007 457 141 AFSL and Australian credit licence 233714.

Slice up your credit card bill with Plan&Pay