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Existing credit card customers

Instalment Plans

What is an Instalment Plan?

Our award winning Instalment Plans allow you to pay off eligible purchases or an expired 0% balance transfer over a term which best suits your needs. This can be between 3, 6, 12 or 24 months.

You will not pay interest on any balance that is on a plan but you will pay a set monthly fee over the selected term. You will pay the same amount each month for the duration of the plan.

  • The monthly amount and fee for the plan will vary dependant on the amount and term of the plan.
  • You can set up, track and manage your plan in the mobile app.
  • It’s a simple way to make regular payments against eligible purchases that you don’t want to pay off in one go.
  • You can set up one easy to manage Instalment plan for up to 5 individual transactions.
  • You can also set up an Instalment Plan to help pay down an expired 0% balance transfer.
  • An Instalment Plan is part of your existing credit limit and it does not free up additional funds when a purchase or balance transfer is moved to an Instalment Plan.
  • By taking out an Instalment Plan it could mean that you pay the plan balance back quicker than other balances on your card.
  • Payments to your Instalment Plan are voluntary and you can cancel your plan at any time without penalty.

Category winner for ‘Best Consumer Credit Card or Credit Facility’ at the 2020 Card & Payments Awards

What are the eligibility requirements for this offer?

There’s a few points we take into consideration to ensure you are eligible for this offer: 

  • You must be an existing credit card customer with Ulster Bank.
  • Whichever Instalment Plan option you choose will be part of your existing credit card limit.
  • The type of credit card you currently have with us.
  • Your Annual Percentage Rate rate. The Instalment Plan should be lower than your usual repayment interest on your card. 
  • You must have a minimum of 5% available credit balance.
  • You cannot have a cash balance on your credit card account.
  • How you manage your finances and maintain your account. 
  • You must have the Ulster Bank mobile app to set up an Instalment Plan, as plans can only be set up via our mobile app.

Please note: your transaction needs to be either on your latest statement or applied to your account since your last statement was produced.

Your transaction needs to be either on your latest statement or applied to your account since your last statement was produced.

App available to customers aged 11+ with compatible iOS and Android devices and a UK or international mobile number in specific countries. Anytime Banking available to customers aged 11+ with a Ulster Bank account.

What else can we help you with?

Ready to set up a plan?

Instalment Plans can be set up only through our mobile app, and only if you are eligible for this offer.

To get started and set up, log into your mobile app and select your credit card. From there, you can view any purchases or balance transfers that are eligible to pay via an Instalment Plan and then view your plan options.

If you have received correspondence from us about this offer, but do not have our mobile app learn how to set up mobile banking. More price examples are also available.

Something else we can help you with?