Pay in Installments is a new feature of AUB Credit Cards that allows cardholders to purchase items in easy monthly installments terms* at 0% interest from partner merchants.
*Merchants have sole discretion on the installment terms and minimum spend requirement to qualify for installment which may vary per item and merchant.
All Principal and Supplementary Cardholders (except for DOSRI accounts) whose cards are active, in good credit standing, and have available credit lines.
Avail Pay in Installments by shopping at any Pay in Installments partner merchants. Customers may look for the Pay in Installments logo in the merchant’s store, or they may ask the merchant if they are accepting Pay in Installments. List of partner merchants are also posted in AUB Credit Cards website.
Minimum spend requirement for is P3,000. Partner merchant may set a higher spend requirement and may vary per term, item, and merchant.
No maximum amount for the transaction as long as your credit limit allows you to.
Customer may choose from 3, 6, or 12 installment terms, depending on the merchant’s offer.
*Merchants have sole discretion on the installment terms and minimum spend requirement to qualify for installment which may vary per item and merchant.
To compute for your Monthly Amortization:
Pay in Installments 0% Interest Installment
Monthly Amortization = Item Purchased Price / Term
Sample Installment Computation:
Monthly Amortization = PHP25,000 / 12 Months = PHP2,083.33
| Item Purchased Price | PHP25,000 |
| Term | 12 Months |
| Monthly Amortization | PHP2,083.33 |
The cardholder incurs no additional fees for using the Pay in Installments. However, if the cardholder wishes to terminate their Pay in Installments, they must settle the full amount of the remaining principal balance, as well as pay a pre-termination fee equivalent to Php500 amount.
*Merchants have sole discretion on the installment terms and minimum spend requirement to qualify for installment which may vary per item and merchant.
The approved installment transaction is automatically deducted from the cardholder’s available credit limit. Each monthly installment amount forms part of the Minimum Amount Due on cardholder’s Statement of Account. The first monthly amortization will be reflected on your next cut-off date once the transaction is posted.
