We’re excited to announce our new Buy Now, Pay Later product, giving you the freedom to split your bigger purchases into four equal, fortnightly instalments to help manage your expenses. The product will be available to CommBank customers who meet our eligibility criteria.

We’re putting the final touches on our product design so if you’d like to hear more over the next few months, you can register to learn more.

How will it work?

Our Buy Now, Pay Later product is a digital card that can be added to your CommBank app or digital wallet on your smart phone or device. You can use this digital card to tap and pay in-store and shop online anywhere Mastercard is accepted, without needing a physical card. We’ll automatically split your purchases over $100 into four equal, fortnightly instalments.

For purchases under $100, the full amount will come out of your linked CommBank account in one go. This means you can use this product for both everyday spending and bigger purchases.

There are no interest charges, no monthly or annual fees and you’ll be able to access your instalment schedule anytime in the CommBank app. Late payment fees will apply but we have limits in place so fees are capped. Fees and charges may apply to your linked CommBank account.

We will be inviting eligible CommBank customers to apply once it’s available.

Features and benefits

  • Flexibility in payments. Splitting the bigger purchases into four instalments will give you greater flexibility to manage your expenses.
  • Accepted everywhere. Make purchases anywhere Mastercard is accepted, in-store and online.
  • All your banking in one place. You can access your Buy Now, Pay Later alongside your existing accounts in the CommBank app so you can manage your finances more easily in one place.
  • Be confident with Buy Now, Pay Later. This product is available to eligible CommBank customers subject to credit assessments and limits up to $1,000.


When will the product launch?

We’re working on building the right customer experience for this product and are aiming to launch later this year. You can stay in the loop by registering to learn more through our form.

What is Buy Now, Pay Later?

Buy Now, Pay Later products offer you the ability to split up purchases into instalments so you can pay them off over time. You'll be able to split purchases over $100 into four fortnightly repayments. Your smaller purchases will come out of your linked CommBank account in one go.

Who will be eligible for the product?

We’ll be offering our Buy Now, Pay Later product to CommBank customers who meet our eligibility criteria and who satisfy credit assessments.

Where will I be able to use this product?

Since it’s a digital card, you’ll be able to make your payments wherever Mastercard is accepted, online and in-store. This means you can break up all sorts of purchases over $100 into four instalments – clothing, utility bills, that much needed getaway accommodation or the unexpected trip to the physio.

Will I have to pay fees or interest?

You won’t need to pay any account fees or interest.  If you miss an instalment payment, a late fee will apply but there will be caps in place to minimise the amount of additional fees charged. Fees and charges may apply to your linked CommBank account.

Things you should know

Apple, the Apple logo, Apple Pay, Apple Watch, Face ID, iPhone and Touch ID are trademarks of Apple Inc., registered in the U.S. and other countries.

Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.