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An Interest Free Period is a period of time during which, for any card purchase, you do not have to pay any interest on that purchase.

Your humm90 Platinum Mastercard offers:

• • a standard 80 to 110 days interest free on everyday purchases and fees provided the Interest Free Criteria are satisfied;
  • Long Term Interest Free promotional offers of up to 72 months when you make a purchase with many of our partner retailers; and
  • the option to convert eligible purchases over $250 to an Instalment Plan using the humm90//WRAP feature (subject to applicable conditions); Instalment Plans may also be available as promotional offers with some of our partner retailers

The Interest Free Period on everyday purchases and fees is subject to the Interest Free Criteria, which means that you must pay all outstanding amounts on each humm90 Account statement by the due date, except amounts which continue to benefit from an Interest Free Period. The amount you need to pay is shown on each monthly statement as the ‘Alternative payment to reduce interest’.

The period ends 80 days after the end of your statement period in which you made the purchase, meaning it can stretch up to 110 days. This 80 to 110 day Interest Free Period on everyday purchases is also a Payment Holiday, meaning that you will not pay anything in relation to that purchase and your monthly minimum payment does not increase as a result of an everyday purchase until this period expires. Following expiry of this Interest Free Period, interest is payable on any balance outstanding at the humm90 Purchase Rate.

With Long Term Interest Free promotional offers, no interest is payable during the Interest Free Period, but following expiry of the Interest Free Period interest is payable on any balance outstanding at the Expired Promotional Rate. Purchases on Long Term Interest Free terms will lead to an increase in your monthly minimum payment from the time of purchase, but if you pay only your minimum payment each month there will still be outstanding balance at the end of the Interest Free Period.

With Instalment Plans (including humm90//WRAPs), no interest is payable during the Interest Free Period, which is the term of the plan. Your Instalment Payments will often include an establishment fee (which will be advised to you at the time of entering into the Instalment Plan), and will be calculated to pay off the whole purchase over the term of the plan. Instalment Payments will always form part of the ‘Total amount due’ on your monthly statement. If you fail to pay any Instalment Payment by its due date, interest will from then be payable on the outstanding Instalment Payment at the Expired Promotional Rate, and you will also cease to satisfy the Interest Free Criteria for everyday purchases and fees.

To be eligible, you need to both pay your credit card bill on-time, and ensure you pay the ‘Alternative payment to reduce interest’ shown on your credit card statement, as a minimum. These are both conditions of being eligible for your interest-free days.

The Interest-Free Period ends 80 days after the end of the statement period in which you made your purchase and can be a minimum of 80 days or can stretch to up to 110 days, depending on when the purchase was made.

For example, if you made a purchase on the last day of your statement period, you’d receive 80 interest free days. If you made a purchase 10 days before the end of your statement period, your Interest Free Period would be 90 interest free days, up to a maximum of 110 days, and so forth.

Yes, you can request for a change in your credit limit through my humm90

• Log in to my humm90
• Select ‘Change Credit Limit’ in the top lefthand corner

Approval for an increase in credit limit is subject to our eligibility criteria.

You can also reduce your credit limit through the humm90 app https://www.humm90.com/au/download-app/.

• Open the humm90 App
• Select ‘Account’ in the bottom righthand corner of the screen
• Select ‘Payments’
• Select ‘Adjust credit limit’

We may from time to time set a minimum credit limit for all humm90 accounts.

On all your everyday purchases you can get between 80 days (minimum) and 110 days (maximum), interest free. The number of interest free days depends on when in your credit card statement period you make the purchase.

To be eligible, you need to :

• pay your credit card bill on-time; and
• pay the ‘Alternative payment to reduce interest’ shown on your credit card statement, as a minimum.

If you meet both of these conditions, you will be eligible for the 80 – 110 day Interest Free Period on your everyday purchases. You will also have a Payment Holiday for that Interest Free Period and pay nothing in relation to those purchases.