Flexible ways to
manage your credit card

With BOQ Instalment Plans, you can break your purchases into manageable monthly instalments over a set term from 1-5 years.1

Introductory offer for new customers

7.99% p.a. for 36 months with a
Cash Instalment Plan2

Access up to 60% of your available credit when you sign up for a
Low Rate Visa Credit Card2.

Learn more →

Quick

Get funds within 3 business days to your Australian bank account after offer is activated

Lower interest rate

compared to the standard Cash Advance Rate.

Flexible

No cancellation or early repayment fees

Our Instalment
Plans

Cash Instalment

Access cash from your credit card
 

For big or unplanned expenses, access $500 or more within your available credit limit at a fixed rate and pay it down over a set term.

Statement Instalment

Break your credit card balance into monthly instalments

Ideal for large and seasonal purchases, this lets you convert credit card purchases on your current statement balance into a single Instalment Plan at a personalised fixed rate.

Transaction Instalment

Convert eligible retail purchases into an Instalment Plan

From home essentials to luxury goods and wellbeing packages, break big eligible purchases on your credit card into smaller payments at a personalised fixed rate over a set term.

Benefits of
BOQ Instalment
Plans

Easier to budget
 

Having a consistent repayment amount of your Instalment Plan will help you work out your budget.

More than one Instalment Plan

You can have multiple Instalment Plans on one credit card as long as each request is within your available credit limit.

Keep your interest free days2

You can still enjoy interest-free days on your other purchases made outside the Instalment Plan as long as you continue to pay off your closing balance for the purchases in full each month.

Call us now

How do I take up
an offer?

For existing customers only

BOQ Internet Banking

1. Log in to BOQ Internet Banking

2. Select ‘My Offers’ to see if you’re eligible for an instalment plan plan.

3. If eligible, select your preferred instalment plan and set up in a few simple steps

OR

Contact us on
1300 669 648 on Monday to Friday 8am - 8pm AEST and we can help.

Frequently asked questions

What is an Instalment Plan?
Is the Instalment Plan amount part of my existing credit card limit?
Can I have more than one Instalment Plan?
Is there an Instalment Plan fee?
How do I make the Monthly Instalment repayment?
How does my Instalment Plan appear on my statement?
Do I keep my interest free period with an Instalment Plan?
What happens if I fail to make a Monthly Instalment repayment by the Payment Due Date?
Can I change the term of my Instalment Plan?
Can I cancel my Instalment Plan anytime?
Things you should know

  • 1BOQ Instalment Plans are defined in the Credit Card Terms and Conditions as a Fixed Payment Option. Fixed Payment Option offers are subject to eligibility and only available if your account is and remains in good standing (for example – your account is not in default, suspended or closed). Your Fixed Payment Option uses part of your existing credit limit. As you pay off your Fixed Payment Option, the amount you pay off will become available for you to use again as part of your credit limit at the standard Annual Percentage Rate applicable to your account.

    If you fail to pay the Minimum Payment Due or any other amount by its payment due date, we charge interest on any unpaid instalment, instalment fee or initial interest charge component (and any interest calculated on any of them, and any interest on that interest) from the day after the payment due date. It will be calculated using the daily retail rate and the daily calculation method until they are repaid in full. We may also cancel the Instalment Plan. We will tell you if an instalment amount is overdue before we cancel the Instalment Plan(s).

    For the full terms and conditions of your Fixed Payment Option, please refer to the Credit Card Terms and Conditions and Other Important Information.

    2To be eligible for the Cash Instalment Plan offer ("Instalment Plan"), you must apply for a BOQ Low Rate Visa Card by 30 May 2025. Your Instalment Plan offer will be available for 60 days from credit card account approval. The Instalment Plan uses part of your existing credit limit. Your credit limit doesn't change. As you pay off your Instalment Plan amount/s, the amount/s you pay off will become available for you to use again as part of your credit limit and will be subject to the standard Annual Percentage Rates applicable on your account.

    You can apply for an Instalment Plan from $500 up to 60% of your available account credit limit. The Instalment Plan offer is 7.99% p.a. for a period of 36 months. During the cycle in which the Instalment Plan is set up, you will be charged an initial interest charge which will be included in the minimum payment due on your next statement. Subsequent statements will include an instalment for each month of the term. Interest will be charged if you fail to pay any amounts due. We may also cancel the Instalment Plan after providing you notice if it remains overdue. If your Instalment Plan is cancelled, the full outstanding balance of your Cash Instalment Plan will revert to the applicable Annual Percentage Rate (APR) for Cash Advances, currently 21.99% p.a. For the full terms and conditions that apply to instalment plans please refer to Credit Card Terms and Conditions and Other Important Information.

    Please note that the applicable APR for Cash Advances applies to Balance Transfers, currently 21.99% p.a., unless we have agreed to a promotional rate. For important information to consider before taking up a balance transfer, please click here. We reserve the right to withdraw or change the offer at any time.