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CreditLine offers customers extra credit or cash for online shopping with interest-free repayments. You can either have up to $3,000 sent directly to your bank account or you can apply for a Gem credit card with a set credit limit.
Sign up with CreditLine online or in-store at a participating store. CreditLine offers three interest-free repayment plans: Buy Now, Pay Later; Interest Free; and Instalment Interest Free.
The Buy Now, Pay Later plan requires you to make no payments during the promotional period but you can make payments whenever you like. Interest-free periods for these plans vary by promotion.
The Interest-Free payment plan starts with six-month terms and only requires you to pay 3% of your outstanding balance each statement period or $25, whichever is greater.
With the Instalment Interest-Free plan, you make regular, fixed interest-free repayments. Payments for all interest-free plans can be made by direct debit, BPAY, cheque or money order, or in person at certain bank branches and post offices. It’s important to note that some of these payment methods imply fees.
Below are some of the features of the CreditLine payment plans.
Here are some of the fees you can expect to pay:
You can apply online through the CreditLine website and you can be approved within 60 seconds. You can also sign up in one of the shops supporting the interest-free payment plans.
Some of the eligibility criteria include:
The following documents are required:
What's my credit limit?
Check your statement to find out your credit limit – it will be in the top right-hand corner.
How much do I need to repay each month?
The minimum repayment is 3% of your outstanding balance or $25, whichever is greater. However, to repay your total balance within the interest-free period you may need to repay more.
I want to increase my credit limit. When can I apply to do this?
You're able to apply for a credit limit increase every six months.
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Are pensioners with a good record accepted?
Hi Sonia,
Thank you for your inquiry.
Unfortunately, they are not accepting pensioners. Should you need to check the providers that lends to pensioners you may need to check the available option/s on this page.
I hope this information has helped.
Cheers,
Harold