FAQ Category: Instalment Plans (Fixed Payment Options)

For the full terms and conditions of your Fixed Payment Option, please refer to the Kogan Money Credit Card Terms and Conditions and Other Important Information.

Cash accessed from your card/account with a Fixed Payment Option will not earn reward points. If your Kogan Money credit card is eligible to earn Rewards Points, your initial eligible purchase will earn Reward Points prior to conversion to the Fixed Payment Option. The conversion itself will not earn Rewards Points.

Yes, you can request to cancel your FPO anytime. Starting that day when your FPO is cancelled, any Main FPO Balance will revert to the underlying balance type and the APR and interest calculation that relates to it. For example, if the FPO would have been a Cash Advance, interest will be calculated at the…

You can pay off your Fixed Payment Option at any time without penalty. Simply get in touch with us through the Contact us page.

You can request to change your term. Simply get in touch with us through the Contact us page.

If you wish to reduce the balance of your Fixed Payment Option by more than your Monthly Instalment please get in touch with us through the Contact us page. Note that where the extra payment only partially pays off your Fixed Payment Option, your monthly instalment amount will reduce – the term does not change…

The Monthly Instalment will be charged interest at the retail purchases rate from the day after the Payment Due Date. We may cancel any Fixed Payment Option, in which case, any outstanding balance of the Fixed Payment Option will revert to the: retail purchases rate for retail purchase conversion; and/or cash advance rate for cash…

During the cycle in which the Fixed Payment Option is set up, you will be charged an initial interest charge on the main Fixed Payment Option balance. Subsequent cycles will have an instalment for each month of the term. Interest will be charged on Fixed Payment Option from when the Fixed Payment Option is created…

An additional section is added to your statement called Fixed Payment Option Summary, which will outline the details of your Fixed Payment Option(s).

Your monthly installment repayment will appear on your statement and it is included in your minimum payment due amount each month.