The debut of TD Payment Plans, a new credit card feature accessible to qualified TD cardholders with EasyWeb online banking access, was announced by TD Bank Group (TD) today.
Eligible TD cardholders can enrol qualifying purchases of $100 or more into TD Payment Plans, which offer equalised monthly payments with options for terms of 6, 12, or 18.
“With the launch of TD Payment Plans, we’re excited to offer more choice in how customers pay for purchases and more control over their budgets. Whether they’re looking to purchase a big-ticket item, or simply seeking another option to help control cash flow, this new feature is designed to help make payments feel more manageable,” says Meg McKee, Senior Vice President, Canadian Card Payments, Loyalty and Personal Lending.
By providing a fixed payment plan to cover qualified credit card purchases for a fee or a lower interest rate, TD Payment Plans can aid with cash flow management.
Furthermore, cardholders can keep using their current credit card perks for their purchases, such as any applicable points or insurances, and they are free to pay off a plan at any time without incurring fees, regardless of the term length they have chosen.
The ability is currently available on EasyWeb, but in the upcoming months, it will also be made available on the TD Mobile App. A TD Payment Plan can be set up and managed by primary cardholders at their convenience in just a few easy steps.
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