Believe it or not, your credit card is your best ally especially when making payments for big-ticket items and other major expenses such as tuition fees, medical bills, travel-related spending and more. All thanks to installment payment plans.

Dividing your lump sum expenses into staggered monthly payments will help you stay on top of your financial game—giving you the much-needed monetary flexibility that will make budgeting easy and more manageable.

Here we’ve listed down the advantages of paying on installment to help you better understand its benefits.

1. Installment allows you to spend smart

If you have the funds, you can always purchase and pay in full. But you don’t want to totally deplete your cash on hand, right? By opting to pay on installment, you’ll have the flexibility to make purchases without having to dip into your cash reserves, and in this day and age, it’s always wise to have available cash savings for emergencies and unforeseen events.

2. You can make unexpected purchases or payments without putting a dent on your budget

Installment terms make it easier for you to squeeze in unplanned (but needed!) purchases or payments into your budget—extremely important especially for those who are running a household and have tight budgets to follow. By taking advantage of deferred payment schemes, you have more leeway to spend without the fear of getting into any major financial setback.

3. You get to track your finances better

With the payment term option, you can spread out your payments and manage how much you need to pay every month. Add this up to your day-to-day expenses and you’ll have a clear picture of your overall expenditures—whether you’re within or beyond your monthly allocation. Thus, making it easier for you to control and track your finances.

4. It enables you to stretch the cost of your purchases over a manageable period of time

Installment payment lets you afford things that you would otherwise have to bend over for if you were to pay them in full. Depending on your liquidity time frame, you can choose to pay on installment and spread your payment up to 36 months. 

Apply for a BDO Installment Card now and enjoy cash availment of up to 100% of your credit line payable in easy installment payment terms. Take advantage of a revolving credit line, which automatically restores your card’s credit line with your monthly payments—no need to reapply to avail cash or make retail purchases.

Get cash for the holidays for as low as 0.70% per month with your BDO Installment Card! Click or tap here for more details.