Is it better to pay by the marked price or by instalment. Which is better? (Especially for mobile phones) - Seedly

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Asked by Anonymous

Asked on 16 Oct 2018

Is it better to pay by the marked price or by instalment. Which is better? (Especially for mobile phones)

Especially when it comes to purchasing mobile phone, which payment is best in the Long run? What are the pros and cons.

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Kenneth Lou
Kenneth Lou, Co-founder at Seedly

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Level 8. Wizard
Updated on 07 Jun 2019

Actually if you are able to get a 0% instalment plan, I would actually recommend you to do a X month instalment.

Mainly for me, I bought a TV for around $1.3k but split it up into 6 months, so I can hit my minimum spend on my credit card (BOC Family card - min spend = $800 monthly) to get the cash rebate on all my other spend. That to me, is the biggest pro factor :)

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Charmaine Lim Xiaomei
Charmaine Lim Xiaomei

17 Oct 2018

Wow I didn't know that monthly instalment repayment count towards cc min spend as well!
Kenneth Lou
Kenneth Lou

17 Oct 2018

Ya! @Charmaine for sure haha... every month so now I got a base amount which is already 'spent'
Boonhow Eng
Boonhow Eng

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Level 3. Wonderkid
Answered on 16 Oct 2018

normally i am able to pay in full, but i choose to pay it via installment using credit card.

  1. earn cashback/rewards/miles etc
  2. earn some small of interest with the cash kept in bank account

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Yong Kah Hwee
Yong Kah Hwee
Top Contributor

Top Contributor (Feb)

Level 6. Master
Answered on 16 Oct 2018

I will usually pay one shot. I don't like having liabilities/debts. I'd like to be debt free as early as I can!

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Gabriel Lee
Gabriel Lee
Top Contributor

Top Contributor (Dec)

Level 6. Master
Answered on 16 Oct 2018

I'll pay one shot to have a peace of mind!

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Pay one shot to get all the credit card miles or cash back

doing installments will not give you any cc perks

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