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Credit Cards with Installment Plans

Ranked by estimated first-year value after fees. Uses each offer's best redemption, assumes the bonus is earned and the balance is paid in full.

Image of Qantas Premier Titanium credit card
Qantas points
$1,200 annual fee
Offer
150,000 Qantas points
Pay off eligible statement or transaction purchases in fixed monthly instalments at a special rate over a set term.
Spend $5,000 in 90 days (~$1,667/mo)
Craig
Craig's Take

Moderate spend — $56/day for 90 days. Excellent ongoing earn rate. High $1200 fee — make sure you'll use the perks.

Estimated value after fees $1,300

Qantas flights

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$440 annual fee
Offer
70,000 Velocity points
Plan It lets you pay off eligible transactions over $100 or a portion of your balance in equal monthly instalments over 3, 6 or 12 month terms with no interest and a fixed monthly fee
Spend $5,000 in 90 days (~$1,667/mo)
Offer Expires in 2 days (2026-10-13)
Craig
Craig's Take

Moderate spend — $56/day for 90 days. Excellent ongoing earn rate. $385 cashback offsets the $440 fee.

Estimated value after fees $1,241

Velocity flights

Read my analysis
$349 annual fee
Offer
80,000 Velocity points
Virgin Money Instalment Plan available to manage credit card repayments
Spend $7,000 in 60 days (~$3,500/mo)
Craig
Craig's Take

Tough spend — $117/day for 60 days. Good ongoing earn rate. $129 cashback offsets the $349 fee.

Estimated value after fees $1,229

Velocity flights

Read my analysis
$450 annual fee
Offer
70,000 Qantas points
Plan It Instalments lets you pay off a portion of your Credit Card balance in equal monthly instalments with no interest and a fixed monthly fee
Spend $5,000 in 90 days (~$1,667/mo)
Offer Expires in a month (2026-11-17)
Craig
Craig's Take

Moderate spend — $56/day for 90 days. Excellent ongoing earn rate. $450 cashback covers the $450 fee.

Estimated value after fees $1,220

Qantas flights

Read my analysis
$450 annual fee
Referral offerHow referrals work
Offer
70,000 Qantas points
Plan It Instalments lets you pay off a portion of your Credit Card balance in equal monthly instalments with no interest and a fixed monthly fee
Spend $5,000 in 90 days (~$1,667/mo)
Offer Expires in a month (2026-11-17)
Craig
Craig's Take

Moderate spend — $56/day for 90 days. Excellent ongoing earn rate. $450 cashback covers the $450 fee.

Estimated value after fees $1,220

Qantas flights

Read my analysis
$295 annual fee
Existing customers onlyCan I become an existing customer?
Offer
90,000 Velocity points
SmartPlan lets eligible purchases be converted into fixed instalment plans
Spend $6,000 in 90 days (~$2,000/mo)
$200 first year annual fee, $295 thereafter
Craig
Craig's Take

Moderate spend — $67/day for 90 days. Poor ongoing earn rate.

Estimated value after fees $1,216

Velocity flights

Read my analysis
$295 annual fee
Existing customers onlyCan I become an existing customer?
Offer
90,000 Qantas points
SmartPlan lets eligible balances be paid down in fixed instalment plans
Spend $6,000 in 90 days (~$2,000/mo)
$200 first year annual fee, $295 thereafter
Offer Expires in 17 days (2026-10-28)
Craig
Craig's Take

Moderate spend — $67/day for 90 days. Poor ongoing earn rate.

Estimated value after fees $1,123

Qantas flights

Read my analysis
$295 annual fee
Offer
90,000 Velocity points
SmartPlan lets eligible purchases be converted into fixed instalment plans
Spend $6,000 in 90 days (~$2,000/mo)
Craig
Craig's Take

Moderate spend — $67/day for 90 days. Poor ongoing earn rate.

Estimated value after fees $1,121

Velocity flights

Read my analysis
$295 annual fee
Offer
90,000 Qantas points
SmartPlan lets eligible balances be paid down in fixed instalment plans
Spend $6,000 in 90 days (~$2,000/mo)
Offer Expires in 17 days (2026-10-28)
Craig
Craig's Take

Moderate spend — $67/day for 90 days. Poor ongoing earn rate.

Estimated value after fees $1,028

Qantas flights

Read my analysis
$399 annual fee
No Qantas credit card in past 24 monthsCheck my eligibility
Offer
80,000 Qantas points
Instalment plans available to lock in monthly repayments at a lower rate over a set term, subject to eligibility
Spend $5,000 in 90 days (~$1,667/mo)
$349 first year annual fee, $399 thereafter
Craig
Craig's Take

Moderate spend — $56/day for 90 days. Excellent ongoing earn rate.

Estimated value after fees $1,011

Qantas flights

Read my analysis
$175 annual fee
Offer
70,000 Velocity points
SmartPlan lets you convert eligible purchases into a fixed instalment payment plan
Spend $4,000 in 90 days (~$1,333/mo)
$99 first year annual fee, $175 thereafter
Craig
Craig's Take

Easy $44/day spend to hit the bonus. Poor ongoing earn rate.

Estimated value after fees $988

Velocity flights

Read my analysis
$175 annual fee
Offer
70,000 Velocity points
SmartPlan lets you convert eligible purchases into a fixed instalment payment plan
Spend $4,000 in 90 days (~$1,333/mo)
Craig
Craig's Take

Easy $44/day spend to hit the bonus. Poor ongoing earn rate.

Estimated value after fees $912

Velocity flights

Read my analysis
Image of MyCard Premier credit card
MyCard points
$300 annual fee
Offer
120,000 MyCard points
MyCard Instalment Plan lets eligible cardholders pay off eligible purchases at a set interest rate over a set term using part of the existing credit limit
Spend $7,000 in 90 days (~$2,333/mo)
Craig
Craig's Take

Moderate spend — $78/day for 90 days. Good ongoing earn rate. $72 cashback offsets the $300 fee.

Estimated value after fees $881

Velocity flights

Read my analysis
Image of MyCard Premier Velocity credit card
Velocity points
$300 annual fee
Offer
60,000 Velocity points
MyCard Instalment Plan lets eligible cardholders pay off eligible purchases at a set interest rate over a set term using part of the existing credit limit
Spend $7,000 in 90 days (~$2,333/mo)
Craig
Craig's Take

Moderate spend — $78/day for 90 days. Average ongoing earn rate. $72 cashback offsets the $300 fee.

Estimated value after fees $852

Velocity flights

Read my analysis
$175 annual fee
Offer
70,000 Qantas points
SmartPlan lets eligible purchases be repaid as a fixed instalment plan
Spend $4,000 in 90 days (~$1,333/mo)
Craig
Craig's Take

Easy $44/day spend to hit the bonus. Poor ongoing earn rate.

Estimated value after fees $841

Qantas flights

Read my analysis
$169 annual fee
Offer
50,000 Velocity points
Virgin Money Instalment Plan available to manage repayments on the credit card
Spend $3,000 in 60 days (~$1,500/mo)
Craig
Craig's Take

Easy $50/day spend to hit the bonus. Average ongoing earn rate. $129 cashback offsets the $169 fee.

Estimated value after fees $836

Velocity flights

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Image of MyCard Rewards Velocity credit card
Velocity points
$249 annual fee
Offer
60,000 Velocity points
MyCard Instalment Plan lets cardholders pay back large credit card expenses in monthly instalments using part of their existing credit limit, subject to eligibility
Spend $5,000 in 90 days (~$1,667/mo)
Craig
Craig's Take

Moderate spend — $56/day for 90 days. Poor ongoing earn rate.

Estimated value after fees $805

Velocity flights

Read my analysis
$420 annual fee
Offer
50,000 Commbank points
SurePay instalment plans let you repay a purchase or all/part of the card balance over monthly instalments (Purchase plan, Card balance plan, Cash advance balance plan); Purchase plans on a purchase of $100 or more made in the last 14 days at 0% p.a. interest for a set-up fee of 2% (3-month), 3% (6-month) or 5% (12-month); a set-up fee may apply; not available on balance transfers
Spend $9,000 in 90 days (~$3,000/mo)
Craig
Craig's Take

Moderate spend — $100/day for 90 days. Poor ongoing earn rate.

Estimated value after fees $675

Coles gift cards

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Image of ANZ Rewards Platinum credit card
ANZ points
$149 annual fee
Offer
85,000 ANZ points
ANZ Instalment Plan at Checkout lets eligible purchases be split into 3, 6, 9 or 12 monthly instalments; where a Setup Fee applies the plan interest rate is 0% p.a. for the plan period
Spend $3,500 in 90 days (~$1,167/mo)
Craig
Craig's Take

Easy $39/day spend to hit the bonus. Good ongoing earn rate. $50 cashback offsets the $149 fee.

Estimated value after fees $668

Velocity flights

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Image of MyCard Rewards credit card
MyCard points
$249 annual fee
Offer
100,000 MyCard points
MyCard Instalment Plan lets cardholders pay back large credit card expenses in monthly instalments using part of their existing credit limit, subject to eligibility
Spend $5,000 in 90 days (~$1,667/mo)
Craig
Craig's Take

Moderate spend — $56/day for 90 days. Good ongoing earn rate.

Estimated value after fees $482

Velocity flights

Read my analysis
Image of ANZ Frequent Flyer Black credit card
Qantas points
$425 annual fee
Offer
50,000 Qantas points
ANZ Instalment Plan at Checkout lets eligible purchases be split into 3, 6, 9 or 12 monthly instalments; where a Setup Fee applies the Checkout Plan interest rate is 0% p.a. for the plan period.
Spend $6,000 in 90 days (~$2,000/mo)
Craig
Craig's Take

Moderate spend — $67/day for 90 days. Excellent ongoing earn rate. High $425 fee — make sure you'll use the perks.

Estimated value after fees $471

Qantas flights

Read my analysis
Image of MyCard Premier Qantas credit card
Qantas points
$350 annual fee
Offer
40,000 Qantas points
Pay off eligible purchases over a set term via a MyCard Instalment Plan, using part of the existing credit limit, subject to eligibility.
Spend $7,000 in 90 days (~$2,333/mo)
Craig
Craig's Take

Moderate spend — $78/day for 90 days. Average ongoing earn rate.

Estimated value after fees $346

Qantas flights

Read my analysis
$295 annual fee
Offer
100,000 Westpac points
SmartPlan lets cardholders set up fixed instalment payment plans on the card account
Spend $12,000 in 365 days (~$986/mo)
$200 first year annual fee, $295 thereafter
Craig
Craig's Take

Easy $33/day spend to hit the bonus. Average ongoing earn rate.

Estimated value after fees $285

Krisflyer flights

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$149 annual fee
Offer
100,000 BOQ points
Ability to split purchases into manageable monthly installments over a set term using Instalment Plans feature.
Spend $4,500 in 90 days (~$1,500/mo)
$75 first year annual fee, $149 thereafter
Craig
Craig's Take

Easy $50/day spend to hit the bonus. Average ongoing earn rate.

Estimated value after fees $215

Woolworths gift cards

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$149 annual fee
Offer
0 Cashback points
Instalment plans to pay off purchases over time at a lower 9.99% p.a. variable rate
Spend $0 in 0 days
Craig
Craig's Take
Estimated value after fees $211

Cashback at $3,000/month spend

Read my analysis
$199 annual fee
Offer
20,000 Qantas points
Easy Instalments: spread the cost of up to five eligible purchases (each between $100 and $10,000) over four monthly instalments at 0% p.a.
Spend $4,000 in 120 days (~$1,000/mo)
Craig
Craig's Take

Easy $33/day spend to hit the bonus. Average ongoing earn rate.

Estimated value after fees $159

Qantas flights

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$295 annual fee
Offer
25,000 Qantas points
ANZ Instalment Plan at Checkout lets eligible purchases be split into 3, 6, 9 or 12 monthly instalments; a Setup Fee may apply with a 0% p.a. plan interest rate for the plan period
Spend $3,500 in 120 days (~$875/mo)
Craig
Craig's Take

Easy $29/day spend to hit the bonus. Good ongoing earn rate.

Estimated value after fees $147

Qantas flights

Read my analysis
$320 annual fee
Offer
20,000 Qantas points
Easy Instalments: spread the cost of up to five eligible purchases over four monthly instalments at 0% p.a.
Spend $4,000 in 120 days (~$1,000/mo)
Craig
Craig's Take

Easy $33/day spend to hit the bonus. Excellent ongoing earn rate.

Estimated value after fees $64

Qantas flights

Read my analysis
$195 annual fee
Offer
0 American Express points
Plan It Instalments lets you pay off a portion of the balance in equal monthly instalments with no interest and a fixed monthly fee
Spend $0 in 0 days
$0 first year annual fee, $195 thereafter
Craig
Craig's Take

Average ongoing earn rate. $200 cashback covers the $195 fee.

Value estimate unavailable

Read my analysis
$84 annual fee
Existing customers onlyCan I become an existing customer?
Offer
0 Westpac points
SmartPlan: turn purchase, cash advance or promotional plan balances of $200 or more into a repayment plan over regular monthly instalments; requires Online Banking registration; fees may apply
Spend $0 in 0 days
Craig
Craig's Take

Value estimate unavailable

Read my analysis