Aside from helping you manage your everyday expenses, StepPay can be a great tool to help pay for your travel costs, whether it’s a weekend getaway or overseas trip.
What is StepPay?
StepPay is CommBank’s buy now pay later product with no monthly or annual fees, no interest, and no international transaction or FX fees. Purchases of $100 and more are split into four equal repayments to help smooth expenses. You can use StepPay to make purchases in-store by adding it to your digital wallet on your smart device, or online by entering your card details at the checkout. Accessed via your CommBank app, this gives you visibility of all your banking in one place.
Benefits of using StepPay when travelling
Here are some of the advantages when you use StepPay on your next trip:
- Smooth your travel costs: Book your flights or accommodation with StepPay, and when over $100, these purchases are split into 4 instalments for better budget flexibility
- No FX or international transaction fees: Eat out, or shop for souvenirs, fashion and more online or in-store without pesky international transaction fees
- Secure: paying with StepPay via your mobile wallet requires biometric ID such as your fingerprint or face
- Added card protection: your card details aren’t shared with merchants, giving you peace of mind at home and abroad
- Last-minute travel card: If you’re already a CommBank customer, log on to the CommBank app, search for ‘StepPay’ and click ‘Get Started’. Once your eligibility is assessed and application approved, your digital card can be activated on the same day, ready for your holiday.
- All your info in one place: StepPay customers can access Travel Booking to book hundreds of flights and thousands of hotels to destinations across the globe. Plus, see all your travel and spend information in the CommBank app.
How does StepPay work
When you make purchases of $100 or more, these will automatically be split into four equal repayments. Your first repayment will come out of your linked CommBank account within two days of your purchase. Your next three repayments will come out over three fortnights.
Purchases under $100 will come out of your linked CommBank account in one full amount, within two days after your purchase.
Other benefits include:
- No monthly or annual fee
- No interest
- No FX or international transaction fees
- Credit limits up to $2,000
- Cashback benefits for eligible cardholders through CommBank Yello Cashback Offers in the CommBank app
Setting up your StepPay account
To be eligible for StepPay you’ll need to meet our eligibility criteria and satisfy our credit assessments.
When you first set up a StepPay account, you’ll choose a limit that suits your needs. You can manage your spend limit at any time in the CommBank app, and can move your limit up or down, subject to eligibility.
To manage your short-term budgeting needs, you can also apply a temporary spending cap. Learn more about StepPay rates, fees and other features.
Ready to have more freedom and flexibility while travelling? Apply for your StepPay card today.
