One great thing about Once accounts is the interest free breathing space to pay off your purchases. Another is the freedom to repay, your way. And there are no penalties for additional repayments or early payout.
Pay it off, without paying interest Work out the monthly repayment required to pay off your purchase within the interest free period, by using this simple calculation:
Purchase Price + Annual Fee ÷ Number of interest free months
So, if you buy a new sofa for $5,000 on 6 months interest free, this is what you need to pay to avoid any interest:
$5,000 + $99.00 ÷ 6 = $849.83 per month for 6 months.
If you make payments by a method other than direct debit you will need to include an additional $2.50 non-direct debit fee, per payment.
For more on working out repayments so you avoid interest, use our handy repayments calculator.