Common use of Instalment Plans Clause in Contracts

Instalment Plans. We may allow you to convert an eligible Charge into an Instalment Plan, on agreed terms. If a Charge is eligible for an Instalment Plan, the applicable terms, including interest rate, any fees and the repayment period will be presented to you at the time you convert the Charge into an Instalment Plan. If you agree to the terms, the Charge will be converted into an Instalment Plan. The monthly Statement for your Card will show the amount of the Charge as a Purchase, and it will also show a credit in the same amount as the Charge, as the credit represents the amount that has been converted to an Instalment Plan. Your available Credit Limit will be reduced by the amount of the Charge that has been converted to an Instalment Plan but, as you make your Instalment Plan payments, your available Credit Limit will increase, in each case, by the corresponding payment amount. Your Instalment Plan payments will not form part of the New Balance or your Minimum Payment but it is important to pay both your Minimum Payment and your Instalment Plan payments to keep your Card Account in good standing. We may cancel any Instalment Plan in certain circumstances, and you may cancel your Instalment Plan, all of which is detailed in the terms associated with the Instalment Plan that you agree to at the time of conversion.

Instalment Plans. We may allow you to convert an eligible Charge into an Instalment Plan, on agreed terms. If a Charge is eligible for an Instalment Plan, the applicable terms, including interest rate, any fees and the repayment period will be presented to you at the time you convert the Charge into an Instalment PlanInstalmentPlan. If you agree to the terms, the Charge will be converted into an Instalment Plan. The monthly Statement statement for your Card will show the amount of the Charge as a Purchase, and it will also show a credit in the same amount as the Charge, as the credit represents the amount that has been converted to an Instalment Plan. Your available Credit Limit will be reduced by the amount of the Charge that has been converted to an Instalment Plan but, as you make your Instalment Plan payments, your available Credit Limit will increase, in each case, by the corresponding payment amount. Your Instalment Plan payments will not form part of the New Balance or your Minimum Payment Balance Due but it is important to pay both your Minimum Payment Balance Due and your Instalment Plan payments to keep your Card Account in good standing. We may cancel any Instalment Plan in certain circumstances, and you may cancel your Instalment Plan, all of which is detailed in the terms associated with the Instalment Plan that you agree to at the time of conversion.

Instalment Plans. We may allow you to convert an eligible Charge into an Instalment Plan, on agreed terms. If a Charge is eligible for an Instalment Plan, the applicable terms, including interest rate, any fees and the repayment period will be presented to you at the time you convert the Charge into an Instalment Plan. If you agree to the terms, the Charge will be converted into an Instalment Plan. The monthly Statement statement for your Card will show the amount of the Charge as a Purchase, and it will also show a credit in the same amount as the Charge, as the credit represents the amount that has been converted to an Instalment Plan. Your available Credit Limit will be reduced by the amount of the Charge that has been converted to an Instalment Plan but, as you make your Instalment Plan payments, your available Credit Limit will increase, in each case, by the corresponding payment amount. Your Instalment Plan payments will not form part of the New Balance or your Minimum Payment Balance Due but it is important to pay both your Minimum Payment Balance Due and your Instalment Plan payments to keep your Card Account in good standing. We may cancel any Instalment Plan in certain circumstances, and you may cancel your Instalment Plan, all of which is detailed in the terms associated with the Instalment Plan that you agree to at the time of conversion.