From time to time, David Jones may offer an interest free instalment credit option. When an interest free instalment credit option is offered, David Jones will specify the number of months that applies to the instalment credit option (for example, a 12, 18 or 24-month instalment credit option). No interest is payable provided that you pay the minimum payment, including monthly instalments, by the due date.
For each purchase under an instalment credit option, we divide the purchase (less any amounts applied to the purchase prior to the first statement date) into a number of equal monthly instalments. The number of instalments is equal to the number of months specified for the instalment credit option. In each of the months specified for the instalment credit option, we add a credit plan instalment to your standard plan balance and minimum payment.
We include the first instalment in your statement of account for the period which includes the date of purchase.