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
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We found 11 Credit Cards for you!
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Standard Chartered Smart Credit Card
MoneySmart Exclusive
Earn up to 10% Bonus Cashback
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Standard Chartered Smart Credit Card

for spends on Bonus Categories
Up to 10% Bonus Cashback
for transactions of a min. of S$150
3-month interest-free instalments
for instalment conversions
Processing Fee Applies

Get S$230 Cash via PayNow or 2,990 SmartPoints when meet the spend criteria. T&Cs apply. 
 
Additionally, enrol in our Rollin' Rewards campaign for FREE and stand a chance to win 50,000 SmartPoints. That’s enough to redeem ANY item from our Rewards Store, such as a Sony BRAVIA 3 85-Inch 4K Ultra HD Google TV (worth S$5,799) + an Apple iPhone 16 Plus 128GB (worth S$1,399).
 
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 15 Dec 2024 - See more details below
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DBS Altitude American Express Card
Online Promo
Earn Miles That Never Expire

DBS Altitude American Express Card

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
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Standard Chartered Rewards+ Credit Card
MoneySmart Exclusive
Earn up to 10X Rewards Points
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Standard Chartered Rewards+ Credit Card

Minimum Amount
S$500
Processing Fee
5%
Tenure
6 or 12 Months

Get S$230 Cash via PayNow or 2,990 SmartPoints when meet the spend criteria. T&Cs apply. 
 
Additionally, enrol in our Rollin' Rewards campaign for FREE and stand a chance to win 50,000 SmartPoints. That’s enough to redeem ANY item from our Rewards Store, such as a Sony BRAVIA 3 85-Inch 4K Ultra HD Google TV (worth S$5,799) + an Apple iPhone 16 Plus 128GB (worth S$1,399).
 
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 15 Dec 2024 - See more details below
Apply Now
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UOB Lady's Card
MoneySmart Exclusive
Up to 10 Miles per S$1 spent
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UOB Lady's Card

Minimum Amount
S$500
Interest p.a.
0%
Tenure
6 or 12 month

[MoneySmart x UOB CHRISTMAS GIVEAWAY]
The first 100 customers can get an Apple Watch SE 40mm (GPS) (worth S$349), the next 100 customers can get an Apple AirPods 4 Noise Cancellation (worth S$249) and the remaining customers can get S$50 Cash when you spend a min of S$1,000 in Eligible Transactions! T&Cs apply.
 
Additionally, enrol in our Rollin' Rewards campaign for FREE and stand a chance to win 50,000 SmartPoints and redeem epic rewards!

Valid until 15 Dec 2024 - See more details below
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DBS Altitude Visa Signature Card
Online Promo
Earn Miles That Never Expire

DBS Altitude Visa Signature Card

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
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DBS Live Fresh Card
Online Promo
Shopping and Transportation

DBS Live Fresh Card

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
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CIMB World Mastercard
Online Promo
3% Cashback on Overseas Spend | LIMITED TIME ONLY

CIMB World Mastercard

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.

PLUS receive S$30* eCapitaVoucher(s). T&Cs apply.
Valid until 31 Jan 2025 - See more details below
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CIMB Visa Signature
Online Promo
3% Cashback on Overseas Spend | LIMITED TIME ONLY

CIMB Visa Signature

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.

PLUS receive S$30* eCapitaVoucher(s). T&Cs apply.
Valid until 31 Jan 2025 - See more details below
Apply Now
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CIMB Visa Infinite
Online Promo
3% Cashback on Overseas Spend | LIMITED TIME ONLY

CIMB Visa Infinite

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.

PLUS receive S$30* eCapitaVoucher(s). T&Cs apply.
Valid until 31 Jan 2025 - See more details below
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OCBC NXT Credit Card

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
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Standard Chartered Simply Cash Credit Card
MoneySmart Exclusive
2% UPSIZED CASHBACK | EXCLUSIVE TO MONEYSMART ONLY

Standard Chartered Simply Cash Credit Card

Cash Back on Eligible spend
Up to 2%*
Cash Back Cap per month
Unlimited
on your Monthly Instalments
0% Interest

Get S$380 Cash via PayNow or earn 5,040 SmartPoints  when you apply and meet the spend criteria! T&Cs apply.
 
Additionally, enrol in our Rollin' Rewards campaign for FREE and stand a chance to win 50,000 SmartPoints. That’s enough to redeem ANY item from our Rewards Store, such as a Sony BRAVIA 3 85-Inch 4K Ultra HD Google TV (worth S$5,799) + an Apple iPhone 16 Plus 128GB (worth S$1,399).
 
Other offers you can enjoy:

  • UPSIZED UNLIMITED 2% CASHBACK on your credit card purchases when you spend over S$500! Only for MoneySmart applicants!
  • A chance to win a Porsche Taycan Base (2025) in SC Million Reasons to be Happier Lucky Draw! T&Cs apply.
Valid until 15 Dec 2024 - See more details below
Apply Now
Apply Now
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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.