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

Our Instalment

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.

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.

Benefits of
BOQ Instalment

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.

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

    2If you carry a balance on your credit card from month to month (exclusive of the Instalment Plan amount), the interest free period does not apply and you are charged interest from the purchase date. No interest free period is available on Cash Advances or when you have Balance Transfers.

    Citigroup Pty Ltd ABN 88 004 325 080, AFSL No. 238098, Australian credit licence 238098 (Citigroup) is the credit provider and issuer of BOQ Credit Cards (Credit Cards). Bank of Queensland Limited ABN 32 009 656 740 (BOQ) AFSL distributes the Credit Cards under an agreement with Citigroup. BOQ does not and will not guarantee or otherwise support Citigroup's obligations under the contracts or agreements connected with the Credit Cards. The words "we", "us" or "our" will generally be read as a reference to Citigroup, but if the context requires these words to refer to BOQ, they will refer to BOQ undertaking relevant actions or making relevant decisions for or on behalf of Citigroup.