New: Installments plans with Visa and Amazon for RBC and Scotia

Eligible RBC or Scotiabank credit cardholders who shop online at Amazon (on the Canadian site) or in the Amazon app, can now choose “Installments Enabled by Visa” as their payment method for eligible purchases.

This flexible Visa payment method is newly available, allowing customers to divide their Amazon Canada payments into monthly installments.

Eligible credit cards are not specified, but you can see in your banking profile if you are targeted.

The most popular RBC and Scotiabank credit cards are :

• RBC Avion Visa Infinite Card
• RBC ION Visa Card
• Scotiabank Passport™ Visa Infinite* Card
• Scotia Momentum^® VISA Infinite* Card

For example, in the Details section of your RBC credit card, you will see an RBC Installment Plans section.

When you make a qualifying purchase on Amazon, please allow approximately 3 business days for the transaction to be charged to your card. Then click on your transaction to discover your Installment Plan options for your Amazon purchase.

Once you’ve chosen this option, your monthly payment amount will become part of the minimum payment due on your credit card statement.

Find out more about the terms and conditions of the RBC Installment Plan here.

For Scotiabank, Scotia SelectPay is valid for several credit cards.

This news illustrates the growing demand for this type of payment.

For Amazon purchases, this payment option can be useful for RBC and Scotia cardholders to spread out payments and lessen the impact on the budget!

Here are the other merchants accepted for Installments Enabled by Visa.