The Instalment Plan should be lower than your usual repayment interest on your card. The Instalment Plan counts as existing credit limit, which means you can’t free up additional funds by moving a purchase to an Instalment Plan.Your monthly payments and fee will vary according to the size of your purchase and how long you’re taking out the plan for.You cannot have a cash balance on your credit card account. To be eligible your transaction needs to be either on your latest statement or applied to your account since your last statement was produced.Instalment Plans are for existing credit card customers only, eligibility criteria and monthly fees apply.Learn more about Instalment Plans and how to create one What you should keep in mind Make an easy repayment budget by avoiding hidden costs.The fee could end up being cheaper than your standard credit card interest rate. Avoid interest and pay a set fee each month instead.
Pay back your purchase over a set period that suits you.If Instalment Plans are available to you, we’ll let you know via our mobile banking app by adding an ‘eligible instalment plan flag’ to your transaction, or as a notification when your 0% balance transfer offer has expired. Then, you can repay eligible credit card purchases or expired 0% balance transfer offers between £100 and £3000 inclusive. You will need the NatWest mobile app to set up, track and manage an Instalment Plan. The Credit Builder Program is a program which lends a helping hand to customers who: With the Credit Builder Program, these customers can avail an Insta Platinum Credit Card and subsequently, making timely payments of dues on the card can help them improve the credit score over a period of time. That means if you want to make a big purchase, for example plane tickets or a new sofa, a credit card could be a good way to help you buy now and spread the cost. Like most UK credit cards, our range of cards offer 56 days interest free credit on purchases if you pay your balance (and your previous month's balance) in full and on time each month.
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