Is your current financial situation limiting you from properly shopping for Tet and fully enjoying your life? How can one solve this problem to make sure that they can get everything they need to celebrate Tet? Have you thought about credit card installment and the benefits it comes with to help you make your Year Of The Pig count?
In simple terms, credit card installment is a form of payment that allows you to use your credit card to make a transaction first and then repay the amount within an agreed repayment period. Depending on your bank’s regulations, your repayment can be made over the course of months or years with the interest rate set by your bank.
Why should you shop with credit card installment?
In our daily lives, there are always essential needs that, if met, bring you many opportunities and experiences to enjoy life to the fullest. For instance, you might need a new laptop to enhance your productivity, a motorbike to facilitate your travel around the city or an air conditioner to improve your living space. However, these needs usually require financial assistance that you may not be able to afford in a single purchase. This is why credit card installments exist to help you get what you need even with a low bank account balance.
With credit card installments, you will not have to worry about proving your ability to repay by providing monthly salary statements, passport copies, household registration book and other countless steps of application. This payment method is designed for customers to pay for the items they need immediately without having to go through the hassle of paperwork and waiting time like traditional loan methods.
Credit card installments usually charge interest rates based on the card issuing bank’s regulations and they are only applied at a certain amount of the bank’s partners and locations. Hence, you would need to carefully review the terms and conditions before applying for a credit card to be fully aware of your benefits.
Timo MasterCard installment scheme
With the installment scheme provided with a Timo MasterCard, you will not have to worry about restrictions on partners or locations allowing payments with this installment scheme. With a low interest rate of 1%, Timo MasterCard installment plan can be used for any valid transaction that is paid in VNĐ at any merchant within Vietnam. The only required condition is that the transaction must be paid at a POS machine or online of at least 3.000.000 VND. Transactions that can be quickly converted to installments for 3, 6 or 12 months will be labelled “Create Installment” in the Timo app.
With a Timo MasterCard and our flexible installment scheme, you can easily shop for whatever you need for Tet. If you are a Timo MasterCard holder, you can easily apply for this installment scheme in your Timo app with a quick confirmation on your installment status within 01 day from application via SMS, email and in app.
Take advantage of Timo’s installment scheme to eliminate complicated paperwork & registration, high installment interest rates and limited partners allowing this payment method. Let the joy of having a well-prepared Tet be completely within reach with Timo!