Buy Now Pay Later | FCCU | Fort Atkinson, Jefferson, Whitewater, Watertown

Turn credit card purchases into a low-rate installment loan

Buy Now Pay Later is an installment loan that splits a selected credit card purchase into monthly payments at a lower rate.

You may be familiar with Buy Now Pay Later programs available at checkout like Affirm, Afterpay, and Klarna, but ours is unique and works a little differently.

An installment loan is a type of loan where you borrow a sum of money and must pay it back in fixed amounts called “installments” (CFPB, 2021).

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Details

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Benefits

Pay Less Interest

Interest is accrued at 10.99% APR¹, which is lower than our credit card rates.

Budget-Friendly Payments

Choose a loan term that makes payments more manageable for your budget.

Eligibility Requirements	To be eligible for Buy Now Pay Later, you must have a credit score of 650+, a credit card limit of $1,000+, an FCCU Credit Card, and FCCU Digital Banking
Minimum Loan Amount	$100
Maximum Loan Amount	$10,000
Interest Rate	10.99% APR¹
Loan Term Options	For credit card purchases between $100 and $1,000, you can choose between 6-, 9-, and 12-months. For credit card purchases above $1,000.01, you can choose between 9-, 12-, and 18-months.

See Terms & Conditions

[1] APR is Annual Percentage Rate.

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How Does It Work?

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Meet eligibility requirements detailed above.
Make a $100-$10,000 purchase with your credit card.
Log into your account from either the Online Banking login page or the mobile app.
Click the Cards menu option.
Hover your cursor over your credit card. Click the Manage Card button.
Click the Installment Payments button on the right.
Follow the remaining on-screen prompts.

Want Step-By-Step Instructions?

View or download PDF instructions on How to Create an Installment Payment Plan with Buy Now Pay Later.

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Frequently Asked Questions

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Skip to a Question

Purchases

How many Installment Payment Plans can I create?

Can authorized users on my credit card create an Installment Payment Plan?

What credit card purchases are eligible for an Installment Payment Plan?

What happens if I return a purchase that's in an Installment Payment Plan?

What happens if I dispute a purchase that's in an Installment Payment Plan?

Payments

How do I make payments towards my Installment Payment Plan(s)?

How do I make an extra payment towards my Installment Payment Plan(s)?

What happens to my Installment Payment Plan(s) if I miss a payment?

Can I avoid paying interest on other purchases while I have an active Installment Payment Plan?

Statements

Will my monthly statement display my Installment Payment Plan(s)?

Why does it show multiple lines for the purchase I enrolled in an Installment Payment Plan?

What does Interest Avoidance Balance mean?

Purchases

How many Installment Payment Plans can I create?

You can have up to 10 active plans on your account at one time. As Installment Payment Plans are paid off, you will be able to view new eligible purchases.

Can authorized users on my credit card create an Installment Payment Plan?

No, only the owner(s) of an account can create an Installment Payment Plan.

What credit card purchases are eligible for an Installment Payment Plan?

Purchases that are between $100 and $10,000 and display on the Installment Payments page are eligible.

Purchases that 1) already appear on your monthly statement, 2) are disputed or claimed as fraudulent, and/or 3) are already included in a promotional APR or special financing may not be eligible. Balance transfers, cash advances, and international purchases are also ineligible.

What happens if I return a purchase that's in an Installment Payment Plan?

If you return a purchase that's in an Installment Payment Plan and receive a merchant credit for that purchase, you'll need to call FCCU at (920) 563-7305 and ask to speak to the Plastic Cards Team to have the credit applied to your Installment Payment Plan balance.

What happens if I dispute a purchase that's in an Installment Payment Plan?

If you dispute a purchase which was converted to an Installment Payment Plan, your monthly Installment Amount(s) due will be suspended until it is resolved. You will not be charged installment interest during this time.

If the dispute is not decided in your favor, your Installment Payment Plan may be canceled. You will be responsible for paying the disputed amount, which will be reflected as a purchase in your standard account balance and included in the calculated Minimum Payment Due.

If you receive a merchant credit for a disputed purchase that is in an Installment Payment Plan, you'll need to call FCCU at (920) 563-7305 and ask to speak to the Plastic Cards Team to have the credit applied to your plan balance.

Payments

How do I make payments towards my Installment Payment Plan(s)?

There is no need to make any separate payments for your active Installment Payment Plan(s). We'll automatically add the monthly Installment Payment Plan payment(s) to your Minimum Payment Due each billing cycle.

Pay at least your Minimum Payment Due when it's due each billing cycle, and you'll pay off your Installment Payment Plan balance on time.

How do I make an extra payment towards my Installment Payment Plan(s)?

If you'd like to have an extra payment applied specifically to your Installment Payment Plan, please call FCCU at (920) 563-7305 and ask to speak to the Plastic Cards Team.

What happens to my Installment Payment Plan(s) if I miss a payment?

Your Installment Payment Plan will remain active even if you miss a payment. We'll add your past-due Installment Payment Plan monthly payment to your Minimum Payment Due on the next month's statement.

Keep in mind, missing a payment may prevent you from paying off your plan within the time period you chose and cause your credit card account to be considered delinquent. You may also be charged a late fee. Please review your credit card terms and conditions for information about late fees.

If you are having trouble making your payments, or need assistance in accessing your credit card terms and conditions, please call FCCU at (920) 563-7305 and ask to speak to Credit Resolutions.

Can I avoid paying interest on other purchases while I have an active Installment Payment Plan?

If you normally pay off your credit card balance in full and do not revolve a balance, you can accept an Installment Payment Plan offer and avoid paying interest on the remaining balance on your credit card.

Making a payment in the amount of the Interest Avoidance Balance, displayed on your monthly statement, will pay off your new purchases and include your monthly Installment Payment Plan payment.

This will allow you to avoid interest charges on your new (non-Installment) purchases and make your monthly payment towards your Installment Payment Plan without paying the entire Installment Plan Balance off early.

Statements

Will my monthly statement display my Installment Payment Plan(s)?

Yes, the details of your Installment Payment Plan(s) will appear on your monthly statement.

The detail will include the

Installment Term
Installment Date
Transaction Amount (Amount of the original transaction)
Plan Payment Amount Due (Monthly payment)
APR % (Fixed APR)
Balance Subject to Interest Rate
Interest Charge
Remaining Balance
Interest Avoidance Balance

Example

Figure 1 depicts a snapshot of a credit card statement. This member recently converted a $10,000 credit card purchase into an Installment Payment Plan. Note: This is the first credit card statement since creating the plan so interest is deferred and will accrue on future statements.

Figure 1

Why does it show multiple lines for the purchase I enrolled in an Installment Payment Plan?

A purchase that has been converted into an Installment Payment Plan will appear as three transactions on your statement:

Original transaction at purchase date
Repost transaction showing the purchase posted as an Installment Payment as of the accepted offer date
Adjustment transaction crediting the original transaction amount

Example

Figure 2 depicts a snapshot of a credit card statement. This member recently converted a $10,000 credit card purchase into an Installment Payment Plan.

Figure 2

What does Interest Avoidance Balance mean?

Interest Avoidance Balance is the amount you would pay by your due date to avoid interest on non-installment purchases and avoid prematurely paying off your installment plan.

Making a payment in the amount of the Interest Avoidance Balance, displayed on your monthly statement, will pay off your new purchases and include your monthly Installment Payment Plan payment. If the calculated balance for the billing period is less than your minimum payment due, it will reflect your minimum payment to avoid a late fee.

This balance doesn't include disputed amounts.

Example

This member recently converted a $10,000 credit card purchase into an Installment Payment Plan. Figures 3 depicts how Interest Avoidance Balance is calculated. Figure 4 and Figure 5 depict snapshots from their next credit card statement, highlighting where the numbers in Figure 3 came from.

Figure 3

	32,918.32	New Balance
-	10,000	Installment Plan Balance
+	605.15	Installment Plan Monthly Payment
	23,523.47	Interest Avoidance Balance

Figure 4

Figure 5

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