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Easy instalments

Posted by Craggy Craggy
Message 1 of 2 338 Views


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. 

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Re: Easy instalments

Posted by LyndsC LyndsC
Message 2 of 2 333 Views

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!

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