on 12-01-2018 10:34 AM
I have recently taken out an easy instalment plan on my Breeze Platinum credit card.
I just want to make sure I’m making the correct payments to avoid any interest.
My easy instalment plan is for $500. Each monthly installment is $83.33
My closing balance owing on my statement is $701.58 which includes the $500 instalment amount.
So, to avoid interest, I have to pay $83.33 (instalment) plus $201.58 (balance, minus $500 instalment amount)?
Sorry for the silly question, but I just want to make sure I’m doing this correctly!
Thanks in advance for your help.
Solved! Go to Solution.
on 12-01-2018 03:34 PM
Hi @Craggy, yes to prevent interest being charged on the following statement you would need to pay the statement balance ($701.58) minus the instalment plan amount ($500), and then add the Easy Instalment amount ($83.33), so going on the figures you provided above, you would need to pay $284.91. Thanks!
Was this helpful? Then give it 'Kudos'!
If your question was answered, select 'Accept as Solution' to make it easier for others to find.