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 12 Credit Cards for you!
Standard Chartered Smart Credit Card
MoneySmart Exclusive
Up to 6% Cashback
Cashback from Netflix, Spotify, fast food joints and more. *T&Cs apply.
6%*
Annual Fee
S$0
Minimum Spend
S$0

Get a Sony LinkBuds S Earbuds (worth S$309) or a Lenovo Tab M10 Gen 3 (worth S$299.01) or up to S$230 Cash via PayNow when you apply and meet the relevant spend criteria! T&Cs apply.

Valid until 30 Apr 2024 - See more details below
Apply Now
CIMB World Mastercard
MoneySmart Exclusive
Unlimited 2% Cashback | FASTER GIFT REDEMPTION
Minimum Amount
S$500
Processing Fee
3% to 5%
Tenure
6 to 24 Months

[FASTER GIFT REDEMPTION]
Get S$280 Cash via PayNow, in as fast as 2-3 months when you apply and spend a min of S$988. T&Cs apply.

Valid until 30 Apr 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 60,000 miles when you apply, pay the card's annual fee and charge a min. spend of S$3,000 within 60 days from card approval date. T&Cs apply
Valid until 31 May 2024 - See more details below
Apply Now
Standard Chartered Rewards+ Credit Card
MoneySmart Exclusive
Earn up to 10X Rewards Points
Minimum Amount
S$500
Processing Fee
5%
Tenure
6 or 12 Months

Get a Sony LinkBuds S Earbuds (worth S$309) or a Lenovo Tab M10 Gen 3 (worth S$299.01) or up to S$230 Cash via PayNow when you apply and meet the relevant spend criteria! T&Cs apply.

Valid until 30 Apr 2024 - See more details below
Apply Now
CIMB Visa Signature
MoneySmart Exclusive
Up to 10% Cashback | FASTER GIFT REDEMPTION
Minimum Amount
S$500
Processing Fee
3% to 5%
Tenure
6 to 24 Months

[FASTER GIFT REDEMPTION]
Get S$280 Cash via PayNow, in as fast as 2-3 months when you apply and spend a min of S$988. T&Cs apply.

Valid until 30 Apr 2024 - See more details below
Apply Now
CIMB Visa Infinite
MoneySmart Exclusive
Unlimited 2% Cashback | FASTER GIFT REDEMPTION
Minimum Amount
S$500
Processing Fee
3% to 5%
Tenure
6 to 24 Months

[FASTER GIFT REDEMPTION]
Get S$280 Cash via PayNow, in as fast as 2-3 months when you apply and spend a min of S$988. T&Cs apply.

Valid until 30 Apr 2024 - See more details below
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 53,000 miles when you apply, pay the card's annual fee and charge a min. spend of S$3,000 within 60 days from card approval date. T&Cs apply
Valid until 19 May 2024 - See more details below
Apply Now
UOB Lady's Card
MoneySmart Exclusive
AMAZING APRIL PROMOTION
Minimum Amount
S$500
Interest p.a.
0%
Tenure
6 or 12 month

[Amazing April Promotion | CASH BONUS]
Stand a chance to get an Apple 14-inch MacBook Pro (M3 Chip, 2023) (worth S$2,320.25) when you apply through MoneySmart! The first 6 successful applicants who submit the claim form at 2pm or 9pm can also receive a S$88 Cash Bonus via PayNow (valid till 23rd April 2024). T&Cs apply.
 
PLUS get S$350 Cash Credit from UOB when you are the first 200 new-to-UOB customers who successfully apply for an eligible UOB Credit Card and spend a min. of S$1,000 per month, for 2 consecutive months from the card approval date. T&Cs apply.

Valid until 30 Apr 2024 - See more details below
Apply Now
American Express Singapore Airlines KrisFlyer Ascend Credit Card
MoneySmart Exclusive
Convenience & Perks for Frequent Flyers
Local Spend
S$1 = 1.2 miles
Overseas Spend
S$1 = 2 miles
at participating Pay Small merchants
0% Interest Installment
New American Express cardholder can get S$300 eCapitaVouchers AND up to 17,000 KrisFlyer miles (enough to redeem a Return Trip to Bali*) when you pay the card's annual fee and spend a min. of S$1,000 within the first month of card approval.

Existing cardholders can get up to 34,000 KrisFlyer Miles when you pay the card's annual fee and spend a min. of S$1,000 within the first month of card approval. T&Cs apply.
Valid until 30 Apr 2024 - See more details below
Apply Now
American Express Singapore Airlines KrisFlyer Credit Card
MoneySmart Exclusive
Convenience & Perks for Frequent Flyers
Local Spend
S$1 = 1.1 Miles
Overseas Spend during June and December, with no cap
S$1 = 2 Miles
at participating Pay Small merchants
0% Interest Installment
New American Express cardholder can get up to 17,000 KrisFlyer miles (enough to redeem a Return Trip to Bali*) when you spend a min. of S$500 within the first month of card approval. T&Cs apply.
Valid until 30 Apr 2024 - 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$388 cashback when you apply and make the min. spend of S$800 within 60 days of card approval. T&Cs apply.
Valid until 31 May 2024 - 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

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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.