Trust Visa Instalments Product Terms and Key Facts Sheet
This is a new product to help manage your finances🆕. Please read these terms carefully. They explain how Trust Visa Instalments works, your responsibilities and other important information.
Don’t forget to read the General Terms and Conditions and the relevant credit card Product Terms and their respective Key Facts Sheets, as they also apply. 😊 If there is an inconsistency between any of the terms, these terms will take priority for Trust Visa Instalments.
We also recommend you read the consumer guide on credit cards here.
Trust Visa Instalments allows you to split eligible credit card transactions into a fixed number of equal monthly payments. You just need to choose to pay in instalments at eligible online merchants that support Trust Visa Instalments and decide the number of monthly payments you’d like to split the transactions into. We will notify you if we approve your Trust Visa Instalment , through the Trust app.
Transactions on a main credit card, with eligible merchants which are S$100 and above, and any other transactions that we decide from time to time. Transactions made on a debit card are not eligible.
Minimum eligible transaction amount | S$100 |
Number of monthly payments | You can split your purchase into equal monthly payments, payable over 3 months, 6 months, 9 months, 12 months, or any other duration choices offered to you in the checkout or payment page of the relevant eligible merchant. |
Convenient and flexible early repayment | In addition to the mandatory minimum monthly payment, you may choose to repay the full amount of the Trust Visa Instalments at any time through the Trust app. If you choose to repay your Trust Visa Instalments early, we will charge the entire outstanding amount to your credit card immediately. |
One-time fee | We do not charge any one time fee for Trust Visa Instalments! |
Late payment charges | Your Trust Visa Instalments payments will be charged to your Trust credit card. Therefore, the Trust credit card late payment charges apply. See the Key Facts Sheet for your Trust credit card for details. |
Early repayment fee | None! |
Interest | We do not charge additional interest for Trust Visa Instalments. We do however charge interest under our credit card terms (see next section). |
Interest under our credit card terms | We charge your Trust Visa Instalments monthly payments to your Trust credit card. We will charge interest under our credit card terms if you do not pay off your full credit card statement balance by its due date. See the Key Facts Sheet for your Trust credit card for details. |
Termination | We will terminate all your Trust Visa Instalments if you are 90 days past your due date for your credit card’s minimum payment due. All your Trust Visa Instalments outstanding amounts will then form part of your Trust credit card’s outstanding balance. |
Credit report | You are not entitled to a free credit report if you apply for a Trust Visa Instalments. |
We will include your monthly payments in your monthly Trust credit card outstanding statement balance. We also include a portion of your monthly payments as part of your credit card’s minimum amount due. Please see the relevant Trust credit card Key Facts Sheet for details. You must continue to make payments on all your other Trust credit card purchases.
We may demand immediate repayment of Trust Visa Instalments in full together with all accrued and unpaid interest and charges, at any time and for any reason. This is regardless of whether the remaining instalments are reflected in your Trust credit card statement or not. This will apply even after you terminate your relationship or Trust Visa Instalments with us.
Trust Visa Instalments is not eligible for any promotions and rewards.
You can repay your Trust Visa Instalments early. When you indicate this on the Trust app we will calculate and notify you of the outstanding amount and payment due date.
If you don’t pay the entire outstanding balance on or before the payment due date after you have opted for early repayment, we will charge you interest on the outstanding amount until the date the outstanding amount is paid in full.
Partial early repayment of your Trust Visa Instalments is not allowed.
If you are no longer our customer or if the Trust Visa Instalments is terminated for any reason, you must repay the outstanding amount you owe us (this includes any unpaid interest and charges) immediately. If we accept any other amount that you pay, it does not mean that we are giving up our right to claim for the remaining balance owing. This will apply even after you terminate your relationship or Trust Visa Instalments with us.
Last updated on: 24 April 2025, Version: 1
