Being able to split your purchases anywhere and everywhere, breaking costs up into manageable instalments, means you don’t need to compromise your budget. Or choose between what you want and what you need.

It can be a useful way to keep on top of your finances and enjoy peace of mind, whether you’re treating yourself or buying a life essential. With buy now, pay later, you could pay for a dentist’s appointment, new shoes or a nice restaurant. 

How can I use buy now, pay later to help balance my budget?

At every stage of life, you’ll find yourself managing regular bills alongside those inevitable, unexpected costs. 

Say you score a lucrative work offer, but you need to buy a crucial piece of equipment (like a camera lens or new laptop) to get the job done. Or, your flatmate tells you he’s moving out and you realise you need to replace the fridge he’s taking with him.

Purchases like these help you grab hold of experiences. In those kinds of scenarios, the option to buy now, pay later can really save your budget.

How does buy now, pay later work?

Buy now, pay later products allow you to split your purchases into equal repayment instalments.

In the case of StepPay, CommBank’s buy now, pay later product, you can split purchases between $100 and $1000 into four, equal fortnightly instalments that automatically come out of your linked CommBank repayment account. This can help make it easier to stick to a budgeting plan and stay on track with your longer-term financial goals.

And unlike other buy now, pay later products, you can use StepPay everywhere that Mastercard® is accepted, online and in-store. From your mechanic to your physiotherapist; from a fashion retailer to a hotel, online or in store.

Giving you flexibility with how you manage your everyday expenses and the feeling of control, all your StepPay buy now, pay later purchases are visible in one place – the CommBank app.

Easy to activate directly through the CommBank app, if you’re an eligible customer, once approved you simply need to add your StepPay card to your digital wallet and you can start spending on whatever, wherever you need.

All in one convenient place, between StepPay, CommBank Rewards and our upcoming partnership with Little Birdie, we’re helping to make sure you never have to miss out – from the latest deals to the purchases and experiences you have your eyes on.

How to get StepPay?

Learn more about whether you’re eligible for StepPay, a new way to buy now, pay later, everywhere. 

More about StepPay

Learn more about StepPay, a new way to buy now, pay later wherever, on whatever

Discover StepPay

Things you should know

This article is intended to provide general information of an educational nature only. It does not have regard to the financial situation or needs of any reader and must not be relied upon as financial product advice. You should consider seeking financial advice before making any decision based on this information. Applications are subject to credit approval. Full Conditions of Use will be included at point of application. Bank fees and charges may apply.

The CommBank app is free to download however your mobile network provider charges you for accessing data on your phone. You should refer to your mobile phone plan or contact your provider to find out more. Terms and conditions are available on the CommBank app. NetBank access with NetCode SMS required. Find out about the minimum operating requirements on the CommBank app page.

Mastercard and the circles design are registered trademarks of Mastercard International Incorporated.