There’s a new way to pay off pricier items like a new sofa or the latest gadget. If you’ve bought something between £495 and £5,000 you can move it to an Instalment Plan and split the payments into handy equal chunks.
You can split the cost of things you’ve recently bought into equal chunks from 6 to 24 months. And as you choose the end date of your Plan, you’ll know exactly when it’ll be paid off.
For a one-off fee, you’ll get 0% interest until the end of your Plan. Bear in mind that shorter Plans will have a lower fee, but higher monthly payments. And if you’ve got enough credit available, you can have up to 10 Plans on your account.
Before you measure up for the three-piece, login to your online servicing account, go to the offers section and click on Instalment Plan to check if you’ve got an offer. Once you’re logged in, use our Plan calculator to pick the payments and end date that work best for you.
Setting up a Plan is a doddle – there are no credit checks or annoying forms. And if for any reason, you want to cancel a Plan, you can call us and we’ll sort it out. Any remaining balance will simply be moved back to your standard balance and we’ll refund part of your one-off fee.
Check out an example of three ways a £1,000 Plan could play out. But, remember you decide the length of your Instalment Plan, from 6 to 24 months.
2% fee, 0% interest on a £1,000 purchase
4% fee, 0% interest on a £1,000 purchase
8% fee, 0% interest on a £1,000 purchase
There’s some important info you need to know before setting up your Instalment Plan – like how your minimum payments are affected and what happens if you miss a payment. Read all the details here.
Your Barclaycard comes with different features which could be useful if you’d like to save money on other borrowing or want a low cost way to pay off a large purchase. Here’s some help to understand the differences between these features and which of them may best suit your needs.