What is Installments Enabled by Visa?

With Installments Enabled by Visa, eligible Canadian cardholders can pay for qualifying purchases in smaller, equal payments made over a defined period of time. Pay with the credit you already have on your eligible credit card. If your purchase qualifies for installments, you can select your plan from the available options, and agree to the terms. There are no new credit checks, no approvals and no fuss. Offered by participating financial institutions4.

Retailers where you can use Installments Enabled by Visa¹

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Same card, with Installments Enabled by Visa²

Pay over time

Split qualifying purchases on eligible credit cards into smaller, equal payments made over a defined period of time through participating financial institutions. 

No setup required

Installments Enabled by Visa uses your existing credit limit, so there is no need for a credit check, another line of credit or an extra account to track. Offered to eligible cardholders by participating financial institutions.

Predictable payments

No surprises when paid on time. The payment schedule is provided by your financial institution3, so you’ll know what you need to pay, and when you’ll need to pay it. 

How to pay with Installments Enabled by Visa

Paying with Installments Enabled by Visa is simple. When making a qualifying purchase, eligible cardholders can spread the costs into smaller, equal payments made over a defined period of time, on a card they already have and trust. Offered by participating financial institutions4.

It’s as easy as 1, 2, 3

A smartphone showing a credit card selection on the visa.com website
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1. Use your credit card to split eligible purchases into smaller, equal payments made over a defined period of time.

A smartphone showing Plan A, Plan B and Plan C as selectable boxes, the Plan A being selected
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2. Select Installments Enabled by Visa on eligible purchases, choose your installment plan from the available options, and review and agree to the terms.

A smartphone showing a validation checkmark along with the Thank You! mention
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3. Pay through your usual monthly credit card statement according to your bank’s terms. 

FAQ

Interested in paying with Installments Enabled by Visa?

Contact your financial institution to see about eligibility and for more details.

FOOTNOTES

  • ¹ Restrictions apply. Installments Enabled by Visa may be offered to eligible cardholders either at checkout at participating merchants; or post purchase, where cardholders will be able to convert a qualifying transaction made on their eligible card into installment payments through their participating financial institution. Installments Enabled by Visa is not offered by Visa, but by participating financial institutions. Contact your card issuing bank about eligibility for Installments Enabled by Visa and for more details.
  • ² Offered by participating financial institutions to their eligible cardholders on qualifying purchases. Contact your financial institution to see about eligibility and for more details.
  • ³ Participating financial institutions may offer the option to pay in installments during checkout at participating merchants, or post purchase on a qualifying transaction. Contact your card issuing bank for more details.
  • ⁴ Availability is subject to factors outside of Visa’s control, including participation by issuers, acquirers and merchants.
  • ⁵ Offered by participating financial institutions RBC and Scotiabank to their eligible cardholders on qualifying purchases on Amazon.ca.