ExtendPay Loans and Plans are offers that allow you to divide certain transactions into affordable monthly payments, for a fixed monthly fee. A combination of an ExtendPay Loan and ExtendPay Plans are allowed at the same time. However, the combined totals can’t exceed 50% of the credit limit.
There’s no interest charged during this period, and you get to choose the payback period. Loan duration, monthly payment amount, and applicable ExtendPay fees are calculated during your setup.
ExtendPay Loans are cash advances from a credit card account, which are transferred into a valid deposit account.
ExtendPay Plans are offers that allow you to divide eligible credit card purchases into monthly payments for a chosen payback period.