Best 0% Instalment Plan Credit Cards in Singapore 2024

Convert big purchases into small instalments with these 0% interest instalment plan credit cards. Read More
We found 11 Credit Cards for you!
Standard Chartered Smart Credit Card
MoneySmart Exclusive
Earn up to 6% Cashback
Promotion ends in
Cashback from Netflix, Spotify, fast food joints and more. *T&Cs apply.
6%*
Annual Fee
S$0
Minimum Spend
S$0

Get S$230 Cash via PayNow or 2,990 SmartPoints when you apply and spend a min. of S$500 in eligible transactions within 30 days from card approval date. T&Cs apply. PLUS stand a chance to win a Porsche Taycan Base (model year 2025) in SC Million Reasons to be Happier! T&Cs apply.
 
Additionally, enrol in our Rollin’ Rewards campaign today and stand a chance to score an additional 7,460 SmartPoints. That’s a grand total of 10,450 SmartPoints if you apply today.

Valid until 15 Nov 2024 - See more details below
Apply Now
DBS Altitude American Express Card
Online Promo
Earn Miles That Never Expire
Minimum Amount
S$100
Processing Fee
0%
Tenure
3 to 24 Months
Online Promo:
Get up to 35,000 miles when you apply, pay the card's annual fee and charge a min. spend of S$800 within 60 days from card approval date. T&Cs apply
Valid until 31 Jan 2025 - See more details below
Apply Now
Standard Chartered Rewards+ Credit Card
MoneySmart Exclusive
Earn up to 10X Rewards Points
Promotion ends in
Minimum Amount
S$500
Processing Fee
5%
Tenure
6 or 12 Months

Get S$230 Cash via PayNow or 2,990 SmartPoints when you apply and spend a min. of S$500 in eligible transactions within 30 days from card approval date. T&Cs apply. PLUS stand a chance to win a Porsche Taycan Base (model year 2025) in SC Million Reasons to be Happier! T&Cs apply.
 
Additionally, enrol in our Rollin’ Rewards campaign today and stand a chance to score an additional 7,460 SmartPoints. That’s a grand total of 10,450 SmartPoints if you apply today.

Valid until 15 Nov 2024 - See more details below
Apply Now
UOB Lady's Card
Up to 10 Miles per S$1 spent
Minimum Amount
S$500
Interest p.a.
0%
Tenure
6 or 12 month
Apply Now
DBS Altitude Visa Signature Card
Online Promo
Earn Miles That Never Expire
Minimum Amount
S$100
Processing Fee
0%
Tenure
3 to 24 months
Online Promo:
Get up to 30,000 miles when you apply, pay the card's annual fee and charge a min. spend of S$800 within 60 days from card approval date. T&Cs apply
Valid until 31 Jan 2025 - See more details below
Apply Now
DBS Live Fresh Card
Online Promo
Shopping and Transportation
Minimum Amount
S$100
Processing Fee
0%
Tenure
3 to 24 months
Online Promo:
Get S$150 cashback from DBS when you apply and make the min. spend of S$800 within 60 days of card approval. T&Cs apply.
Valid until 31 Jan 2025 - See more details below
Apply Now
CIMB World Mastercard
Online Promo
Unlimited 2% Cashback
Minimum Amount
S$500
Processing Fee
3% to 5%
Tenure
6 to 24 Months
Online Promo:
Get up to S$188 Cashback when you spend a minimum of S$988 in Eligible Transactions within 60 days from card approval date. T&Cs apply.
Valid until 31 Jan 2025 - See more details below
Apply Now
CIMB Visa Signature
Online Promo
Up to 10% Cashback
Minimum Amount
S$500
Processing Fee
3% to 5%
Tenure
6 to 24 Months
Online Promo:
Get up to S$188 Cashback when you spend a minimum of S$988 in Eligible Transactions within 60 days from card approval date. T&Cs apply.
Valid until 31 Jan 2025 - See more details below
Apply Now
CIMB Visa Infinite
Online Promo
Unlimited 2% Cashback
Minimum Amount
S$500
Processing Fee
3% to 5%
Tenure
6 to 24 Months
Online Promo:
Get up to S$188 Cashback when you spend a minimum of S$988 in Eligible Transactions within 60 days from card approval date. T&Cs apply.
Valid until 31 Jan 2025 - See more details below
Apply Now
OCBC NXT Credit Card
automatically splits transactions into monthly instalments
Interest-fee Auto Instalments
instalment with rebates
0%
3 or 6 months
Payment Split into
Read More
Standard Chartered Simply Cash Credit Card
MoneySmart Exclusive
2% UPSIZED CASHBACK | EXCLUSIVE TO MONEYSMART ONLY
Cash Back on Eligible spend
Up to 2%*
Cash Back Cap per month
Unlimited
on your Monthly Instalments
0% Interest

[UPSIZED 2% CASHBACK EXCLUSIVE TO MONEYSMART ONLY]
Get S$380 Cash via PayNow or earn 5,040 SmartPoints  when you apply and spend a min. of S$500 in eligible transactions within 30 days from card approval date! T&Cs applyUse SmartPoints to redeem your favourite product from our Rewards Store today.
 
For a limited time, earn UPSIZED UNLIMITED 2% CASHBACK on your purchases charged to your credit card when you spend above S$500! Only for MoneySmart applicants! 
 
PLUS stand a chance to win a Porsche Taycan Base (model year 2025) in SC Million Reasons to be Happier! T&Cs apply.

Valid until 30 Nov 2024 - See more details below
Apply Now

Disclaimer: At MoneySmart.sg, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.

Best 0% Interest Instalment Plan Credit Cards

Credit CardProcessing FeeTenure
DBS Woman's Card0%3 to 12 Months
Standard Chartered Spree Card5%6 or 12 Months
CIMB Visa Signature Card3% to 5%6 to 24 Months
HSBC Advance Credit Card3% to 5%3 to 12 Months
Standard Chartered Simply Cash Credit Card5%6 or 12 Months
POSB Everyday Card0%3 to 12 Months

What are Credit Card 0% Instalment Plans?

If you are planning to purchase big-ticket items, it is worthwhile to look into credit cards offering 0% instalment plans. This is a way for you to split a large purchase into smaller repayments over several months. You will not be charged interest on the outstanding portion of your bill. 0% instalment plans are definitely a better option compared to just paying the minimum on your credit card bill (and letting the unpaid balance accrue tons of interest!).

How Do Credit Card 0% Instalment Plans Work?

If your credit card offers a 0% instalment plan, it will be offered only for selected credit card charges that are above a minimum amount (e.g. S$100). You can choose from a few repayment tenures (e.g. 3 months, 6 months, 12 months) and there is usually a one-time processing fee (e.g. 3%) you need to pay to start the instalment plan. Once it starts, you will need to commit to the instalment plan. If you choose to repay the amount early, you may have to pay a penalty for that.

Are 0% Instalment Plans Available at My Favourite Store?

Credit card issuers may work with selected retail partners, such as electronics stores and luxury boutiques, to offer special instalment plans. Below are some examples.

Apple 0% Instalment Plan

If you spend at least S$500 at the Apple Store, you can convert your purchase into instalments at 0% interest. This is valid with a DBS, OCBC, UOB, Citibank, HSBC or Standard Chartered credit card. The instalment plan period can be 12 or 24 months, depending on the bank.

Challenger 0% Instalment Plan

Challenger offers a 0% instalment plan if you pay by DBS or UOB credit card. The minimum spend is S$500 and you can choose from 6- or 12-month instalment plans; if you spend at least S$800, you can also opt for 24 months.

Harvey Norman 0% Instalment Plan

With a minimum spend of at least S$500 online on Harvey Norman’s website, you can convert your purchase into 12- or 24-month 0% interest instalments with a DBS, UOB or AMEX credit card. DBS offers a 12-month instalment plan, while UOB and AMEX have 12- and 24-month options.

Can I Get an Instalment Plan Without a Credit Card?

Yes, but there are not many options. Courts’ instalment plan is the best-known example of one that does not require a credit card. You can choose from various repayment periods (up to 60 months) as long as the purchase is at least S$150. However, you need to pay the first month’s instalment upfront, plus a processing fee. Your instalments will also be subject to very high interest (as high as 33.99% p.a.!). If you have a credit card, it is better to opt for the credit card 0% instalment plan instead.

FAQ

What happens to my credit limit on a 0% instalment plan?

With a 0% instalment plan, the credit card pays the merchant for your purchase in full first. This means that the full purchase amount will be deducted from your credit limit. In other words, you credit limit will be reduced while you are still on the plan.

Can I earn rewards points/cashback on my 0% instalment plan?

Most credit cards do not award any points, miles or cash rebates on 0% instalment plan repayments (you will find it in the list of general exclusions). However, there may be special promotions that do allow points to be earned.

What if I want to shorten the instalment plan tenure?

In the first place, it is best to pick the shortest tenure you can manage. You can cut short your instalment plan by repaying the outstanding amount early, however, there is usually a penalty fee for this. You also cannot cancel your credit card while repaying the instalment plan, and may have to pay the annual fee if it comes up.