Installment payments with Pay&Plan, if your plans change

Sometimes plans change, and sometimes you simply need more financial leeway. Traditional "buy now, pay later" (BNPL) models require that you decide to pay in installments at the time of purchase. With BBVA's Pay&Plan, it's different. You decide later on whether you want to pay for a purchase in installments and receive the amount immediately in your account – free to use as you choose.

Installment payment or installment financing allow you to pay a larger amount in several smaller installments. Instead of paying the total amount all at once, you can divide the sum into smaller, recurring payments. This makes it easier to finance larger purchases.

Credit cards allow you to make purchases by first borrowing the amount from the bank. Depending on the provider, you can decide whether to repay the entire amount at the end of the month all at once or in several monthly installments. If you opt for an installment plan, interest is usually charged on the outstanding balance.

Debit cards are directly linked to your current account. The amount will be deducted from the existing balance immediately after the purchase. However, some banks offer additional financing programs or installment payment services that can also be used with debit cards. An example of this is BBVA's Pay&Plan, which allows you to split certain payments into installments at a later time.

Have you already bought something, but could use the money for something else? – With Pay&Plan, you get money back in your account for past purchases and can pay the amount back in easy installments.

• Your card payments approved for Pay&Plan are marked directly in your account transactions listed in the BBVA App.
• You can bundle up to 5 payments (minimum value of €50 per purchase) into one Pay&Plan transaction.
• Pay&Plan works for both purchases in the online shop and on site.
• The available limit for Pay&Plan ranges – depending on your creditworthiness – between €200 and €3,000 and applies to all active processes combined.
  

A fixed debit interest rate of 11.99% p.a. applies when using Pay&Plan,regardless of the amount and term of the installment loan. There are no hidden fees or variable interest rates.

Representative example according to § 17 PAngV: With a term of 7 months and a fixed interest rate of 11.99% p.a., the annual percentage rate is 12.45% p.a. Repayment is made in six equal monthly installments of EUR 10.40 each (if the product is acquired on April 11, 2026 ). April 11, 2026, the first installment would be €10.14). The total amount payable by the consumer is EUR 72.54. The lender is BBVA, German branch, Neue Mainzer Straße 28, 60311 Frankfurt am Main. The example was calculated assuming that the customer requested the installment payment on the first day of the month in question. The APR depends on the amount of the loan and the number of days that elapse between the date of the loan request and the repayment date.

• Purchases starting at €50 that were made with the physical or digital BBVA debit card
• Both online and offline purchases (e.g. in the supermarket, in a hotel or in the online shop)
• Purchases made within the last 90 days and marked accordingly in the App

The following are not allowed:

• Cash withdrawals at ATMs
• Financing or bank fees
• Cryptocurrency purchases
• Gambling or betting
• Payments to debt collection agencies

1. Open the BBVA App and view your account transactions.
2. Select a qualifying purchase marked "Payable in installments."
3. Choose in how many months you would like to pay (3 to 12) and confirm your selection.

Traditional "buy now, pay later" models are usually offered directly at the time of purchase – in most cases via the retailer or the checkout process. That means that You have to decide whether you want to use the installment option when you make the payment. With Pay&Plan, however, you have up to 3 months after the purchase to decide on an installment payment plan.

• Interest and additional costs: Before opting for installment payments, you should definitely familiarize yourself with the accruing interest and potential additional costs. Only those who fully understand the financial conditions can make informed decisions. With Pay&Plan you pay a fixed debit interest rate and no additional fees.
• Ability to pay back installments: It is equally important to realistically assess your ability to pay back the money so that you can be sure that the monthly installments are manageable without overburdening your budget.
• Terms and conditions: Furthermore, it is worth carefully reading the provider's terms and conditions, in particular clauses relating to default interest or late payment fees. This helps you avoid unpleasant surprises.
  

Installment payments can be a useful solution to buying what you want without having to pay the entire amount at once. However, it is important to carefully assess the total financing cost and the contract terms in order to avoid unpleasant surprises. This includes reviewing the interest rates and any additional fees that may increase the total amount. Thoroughly researching and comparing different offers can help you find the best terms and conditions and make an informed decision.