Will Scotia SelectPay Installment Plans reduce my available credit on my card?
Installment plans are based on the original purchase being posted to your eligible Scotiabank credit card account. The amount of that purchase has already reduced your available credit.
Enrolling the eligible purchase into an installment plan does not change your available credit.
However, the monthly installment fee that applies to your installment plan will reduce your available credit each month by the amount of that monthly fee.