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.
When are my monthly Scotia SelectPay installment payments due?
What happens if I don’t pay my minimum monthly installment payment in full by the payment due date or I make a late payment?
Can I prepay my future installment payments? (The word prepay means making extra payments or paying off the entire outstanding installment balance.)
What happens if I pay off my current balance in the mobile app or balance owing on Scotia OnLine?
Do I need to apply for a Scotia SelectPay Installment Plan?