GE CreditLine offers two types of interest free options.
The first one – "Interest Free" requires monthly repayments.
The second one – "Buy Now Pay Later" does not.
Buy Now, Pay Later:
Get what you want today and pay it off later. With GE CreditLine you may have 6, 12 or 24 months where you don't have to make any monthly repayments or pay any interest. Use that time to pay off your purchase.
Pay the balance in full, before the interest free period ends, and you won't pay any interest at all on that purchase.
GE CreditLine gives you an interest free option – an option that helps you pay off your balance early. We simply call it Interest Free. NB: only available on selected product lines. Please call for further details.
You make the purchase and, every month, you make a minimum monthly repayment. While that minimum repayment won't pay the balance completely - it makes it easier to pay off the balance before the interest free period ends (6, 12 or 24 months), depending on which promotional period, the retailer is offering.
Frequently Asked Questions
How Can I Avoid Paying Interest?
If you choose to pay the outstanding balance in full before your
interest free period ends, you won’t pay any interest on that purchase.
NB: Interest Fress is only
available on selected product lines. Please call for further details.
Are There Penalties For Early Repayments?
No. You can pay off the whole amount of your purchase before the interest free period expires and there is no penalty.
What Happens If I Don’t Pay Off My Purchase Within The Interest Free Period?
You will begin to incur interest on any outstanding amount from the
date your interest free period expired. The interest will not be
Can I Choose Which Finance Option I Use?
Stores run different interest free promotions at various times of the
year. Ask in-store about the finance options currently being offered in
the store you’d like to make your purchase from.
How Will I Track When My Repayments Are Due?
You’ll be sent a statement every month, showing the minimum amount you’re required to pay and the due date.
You can also access your account details using the Online Service Centre 24/7. You just need your account number to register.
Can I Use GE CreditLine To Make Additional Interest Free Purchases?
You can purchase as many times as you like – up to your credit limit from stores that accept GE CreditLine.
Can I Only Use My GE CreditLine Card At The Store Where I Initially Made My Purchase?
No. GE CreditLine is accepted at over 10,000 stores around Australia and you can purchase again from any of those stores.
What Else Can I Do With My GE CreditLine Card?
In addition to making interest free purchases for your ‘big ticket’
items, you can also use your card in other ways including for accessing
cash^. Your card can also be used through the EFTPOS system. Just
remember that fees will apply if you use your card in these ways and
interest will be charged straight away.
Please note that prices will vary if you choose 12months, 18months and 24 months interest free options.