The Installment Rate and Installment Fee may vary per Plan and each will be disclosed to you at the time you select the Plan. Scotia SelectPay is an installment plan feature (the “Plan” or “Installment Plan” or “SelectPay”) made available on eligible personal Scotiabank Visa credit card accounts (the “Eligible Account(s)”) that allows primary cardholders to convert an eligible credit card purchase of at least CDN$100 (including taxes) posted to the Eligible Account to an Installment Plan with monthly payments over a fixed payment period (the “Installment Payment Period”) with a fixed interest rate (currently 0% interest rate) (the "Installment Rate") during the Installment Payment Period and an Installment Fee that applies to that Plan (the “Installment Fee”). Your Plan will appear on your statement once it has been activated and posted to your credit card account. After that, the Eligible Purchase is no longer eligible for an Installment Plan. In that case, you must convert that Eligible Purchase to an Installment Plan during the same statement period in which it was posted to your credit card account and before the credit card account’s next statement date. If we make an offer to you, you can convert Eligible Purchases we identify for you in the statement period in which they are first posted to your credit card account but have not yet appeared on your statement. An Eligible Purchase cannot be converted until the date it is posted to your credit card account which may be different from the transaction date. If you select the Eligible Purchase after it has been posted to your credit card account, you can convert it to an Installment Plan through our Scotiabank Online or Scotiabank mobile banking services. If we identify an Eligible Purchase after it has been posted on your credit card account in a statement period (as shown on your statement), we may make an offer to you to allow you to convert the amount of the Eligible Purchase to an Installment Plan. In order to be eligible, the purchase must be for at least $100 in Canadian dollars (including taxes), or such other amount as we may advise you of from time to time (the “Eligible Purchase”).
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