What happens if I fail to make a Monthly Instalment payment by the Payment Due Date?

What happens if I fail to make a Monthly Instalment payment by the Payment Due Date?

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 conversion.
Ben Ferguson
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