Instalment Landing Page
Kogan Money Credit Card Instalment Plans
Whether it’s organising a holiday, accessing extra cash or planning a purchase at kogan.com, an Instalment Plan will let you pay it off, over a set term that works for you.
Find a plan that suits you
Statement Instalment Plan1
Convert retail purchases included in the closing balance from your last statement into fixed monthly instalments, to easily manage your credit card repayments. A minimum conversion of $500 applies.
Cash Instalment Plan1
Turn your credit into cash by accessing from $500 up to your available credit limit. Whether it’s booking that holiday or paying for some overdue home improvements, a cash instalment plan can help make it happen.
Instalment Plan at Kogan.com2
Convert an eligible Kogan.com purchase into an instalment plan at the checkout. Snap up that new T.V or purchase that new smart phone and convert those purchases into instalments with no interest for up to 24 months. One-off fee of 6.5% applies.
What are the benefits of setting up a Statement Instalment Plan?
Lock in a lower interest rate
With a Statement Instalment Plan, you can access a lower interest rate than your standard Retail Purchase Rate, and lock it in for the life of the plan.
No fees for early exit
No early exit fees. You can make additional repayments, or choose to pay off the instalment plan early, at no extra charge.
Keep your interest free period
You may be eligible for an interest free period on purchases not in an instalment plan if you pay off all non-instalment balances plus your monthly instalment by the due date each month.
Manageable monthly instalments
Choose the amount you wish to convert to an instalment plan, then the term with the monthly instalment that best suits your budget.
How it Works?
Spend using your card
Once you receive your statement, you may be eligible to setup an instalment plan to pay off your purchases in manageable payments.
Set up a plan
Log into the Kogan Money Credit Card Online Servicing page and go to the ‘My Offers’ tab. Setting up a plan will not change your credit limit and no credit checks are required.
Pay each month
The repayment amount is included in your Minimum Monthly Payment Due. Check your monthly statement for more details.
Track your progress
See how much you’ve already paid and what’s left to pay off in the Kogan Money Credit Card app. Make extra repayments or pay off your balance, with no extra charge, by chatting with us.
Set up and Manage
Set up an instalment plan
Log into the Kogan Money Credit Card Online Servicing page and go to the ‘My Offers’ tab.
Tap on ‘Statement Instalment plan’ section and follow the prompts to set up your plan.
Manage your instalment plans
To view details of your active instalment plans, log into the Kogan Money Online Servicing Page and view the Instalments tab under your account details section. To change the term, make additional repayments, pay off in full or cancel your plan, please chat with us via our mobile app.
What are the benefits of Kogan Credit Card Cash Instalment Plans?
Access cash within 3 business days
Turn your available credit limit into cash; a quick and easy way to access your unused credit. Receive funds into your nominated bank account within 3 business days.
No documents required
No additional credit checks or extra paperwork required.
Keep your interest free period
You may be eligible for an interest free period on purchases not in an instalment plan if you pay off all non-instalment balances plus your monthly instalment by the due date each month.
Repay in monthly instalments
Choose the amount you wish to convert to an instalment plan, then the term with the monthly instalment that best suits your budget.
How it Works?
Check eligibility
Log in to the Kogan Money Credit Card Online Servicing page and head to the ‘My Offers’ tab to check if you’re eligible for a Cash Instalment Plan. Find out how much you can access along with the interest rate.
Set up a plan
Choose the amount you wish to convert to an instalment plan, then the term with the monthly instalment that best suits your budget. Receive funds in your nominated bank account within 3 business days.
Pay each month
Your monthly instalment amount will be included in Minimum Payment Due on your statement for each month of the term.
Track your progress
To view details of your active instalment plans, log into the Kogan Money Online Servicing Page and view the Instalments tab under your account details section. To change the term, make additional repayments, pay off in full or cancel your plan, please chat with us via our mobile app.
Set up and Manage
Set up an instalment plan
Log into the Kogan Money Credit Card Online Servicing page and go to the ‘My Offers’ tab.
Tap on ‘Statement Instalment plan’ section and follow the prompts to set up your plan.
Manage your instalment plans
To view details of your active instalment plans, log into the Kogan Money Online Servicing Page and view the Instalments tab under your account details section. To change the term, make additional repayments, pay off in full or cancel your plan, please chat with us via our mobile app.
1Kogan Money Credit Card instalment plan is defined in the Credit Card Terms and Conditions and Other Important Information 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 (APR) applicable to your account. A fee may apply to set up a Fixed Payment Option. During the cycle in which a Fixed Payment Option is set up, you will be charged an initial interest charge which will be included in the Minimum Payment Due on your next statement (not applicable if the FPO APR is 0%). Subsequent statements will include an instalment for each month of the term. While you have a Fixed Payment Option, payments will be applied to your initial interest charge or monthly instalment before all other balances, even if they attract a higher rate of interest.
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, FPO 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(s). We will tell you if an instalment plan amount is overdue before we cancel the Instalment Plan(s). If your Instalment Plan is cancelled, the full outstanding balance of your instalment plan will revert to retail purchase interest rate (for Statement Instalment Plans) and the cash advance rate (for Cash Instalment Plans). For the full terms and conditions that apply to Fixed Payment Options, please refer to the Credit Card Terms and Conditions and Other Important Information.
Important Information for fixed payment options at Kogan
2 Fixed Payment Options (also known as an Instalment Plan) offers are subject to eligibility criteria and only available when your account is and remains in good standing (for example – your account is not in default, suspended or closed). The general terms for a Fixed Payment Option are included in your Credit Card Terms and Conditions and Other Important Information.
You must have a Kogan.com account, be the primary cardholder of a Kogan Money Credit Card, enrol your eligible credit card with Kogan.com and agree to the Pay using Fixed Payment Options at Kogan.com terms and conditions, before you are able to pay for eligible purchases using a Fixed Payment Option (also known as an Instalment Plan) at Kogan.com. The option to Pay using Fixed Payment Options at Kogan.com will not be available in the three (3) days before your Cycle Date. Minimum spend of $50 applies (not eligible on Kogan.com eGift cards). You may only enrol one eligible credit card at any time. The general terms for a Fixed Payment Option are included in your Credit Card Terms and Conditions and Other Important Information booklet under the heading Fixed Payment Option. Additional terms are set out in the Pay using Fixed Payment Options at Kogan.com terms and conditions. By enrolling your card at Kogan.com, you also agree to the Shop with Card Reward Points terms and conditions (if you have an eligible reward card) and to save your card details to your Kogan.com account. Any information submitted via Kogan.com is held in accordance with the Kogan Australia Pty Ltd (Kogan) privacy policy. You may unlink your registered card at anytime. Fixed Payment Option offers are subject to eligibility criteria 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. Your Fixed Payment Options will be shown on your monthly credit card statement in the ‘Fixed Payment Option Summary’ section, and the monthly instalment amount will be included as part of your Minimum Payment Due on your statement. The Fixed Payment Option fee (FPO fee) will be applied to your account when your FPO is processed. It will form part of the Minimum Payment Due and will be shown on your statement for the cycle in which you set up your FPO. If you fail to pay the minimum payment due or any other amount by their payment due date, we charge interest on any unpaid instalment, FPO 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, in which case, any outstanding balance of the plan will revert to the Retail Purchase Rate for Transaction Instalment Plans (a type of Fixed Payment Option). We will tell you if an FPO amount is overdue before we cancel the instalment plan(s).
Kogan Money Credit Cards are issued by National Australia Bank Limited (ABN 12 004 044 937, AFSL and Australian Credit Licence 230686) (“NAB”). NAB has acquired the business relating to these products from Citigroup Pty Ltd (ABN 88 004 325 080, AFSL and Australian Credit Licence 238098) (“Citi”) and has appointed Citi to assist to administer the products.
