All Categories ​>​ ​Qantas Premier Credit Card ​ > ​ ​Instalment Plans ​>​ What happens if I miss paying the initial interest charge or monthly instalment repayment by the Payment Due Date?

What happens if I miss paying the initial interest charge or monthly instalment repayment by the Payment Due Date?

If you fail to pay the minimum payment due or any other amount by its payment due date:

i. 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.

ii. We may cancel any instalment plans. We will tell you if an instalment amount is overdue before we cancel the instalment plan, in which case, any outstanding balance of the plan will revert to the Retail Purchase Rate for Statement Instalment Plans, and to the Cash Advance Rate for Cash Instalment Plans.

Was this information helpful?

Powered by HelpDocs (opens in a new tab)