Buy Now, Pay Later | Health Advantage Credit Union

Q: How do I apply for a 'Buy Now, Pay Later' loan?

There is no application for a Health Advantage Credit Union 'Buy Now, Pay Later, loan. All Split Your Payment and Plan Your Purchase 'Buy Now, Pay Later' offers found within your Online Banking are pre-qualified for you to view and accept. You will receive a copy of the loan agreement in your email.

Q: How soon will I see my purchase amount deposited back into my account?

After you have accepted a Health Advantage 'Buy Now, Pay Later' offer, your purchase amount will be deposited into your account in moments. In some cases, it can take up to 24 hours.

Q: Does 'Buy Now, Pay Later' require a credit check?

No, Health Advantage Credit Union's 'Buy Now, Pay Later' offering does not require a credit check.

Q: What makes a purchase eligible for Split Your Payments offers?

A purchase eligible for Split Your Payments is a debit card purchase made in the past 60 days that is at least $100 and was not a cash equivalent purchase (e.g., ATM withdrawal, money order, cash advance, etc.). Other restrictions surrounding the merchant type and transaction limits may affect 'Buy Now, Pay Later' eligibility.

Q: Does my use of Plan Your Purchase impact the Split Your Payments loans available to me?

Yes. Your eligibility for 'Buy Now, Pay Later' offers is partly determined by the number of outstanding loans you have active. Therefore, taking out Plan Your Purchase loans may impact how many Split Your Payments offers you are eligible for, and vice versa.

Q: Where can I find my 'Buy Now, Pay Later' offers?

'Buy Now, Pay Later' offers can be found in Health Advantage Credit Union’s E-Banking from the "Buy Now, Pay Later" tab.

Q: Can I pay off my 'Buy Now, Pay Later' plans early?

Yes. You can pay off your 'Buy Now, Pay Later' plans early within your Health Advantage Online Banking or at a branch.

Q: Why can't I see any 'Buy Now, Pay Later' offers?

If you do not see any 'Buy Now, Pay Later' offers, this may be because your current account status is not eligible for 'Buy Now, Pay Later'. If you already have active 'Buy Now, Pay Later' plans, you may not be eligible for additional offers until the active plans are paid back. If you are eligible for Plan Your Purchase but do not see Split Your Payment offers, this may be because your recent debit card purchases are not eligible for 'Buy Now, Pay Later'.

Flex Your Budget, Pay Your Way

Buy Now, Pay Later from Health Advantage Credit Union lets you turn your everyday debit card purchases into flexible, manageable monthly installment plans. Get extra funds fast for the things you need and spread the payments over time, all from the convenience and security of your Health Advantage E-Banking account.

Why Use 'Buy Now, Pay Later' with Health Advantage?

While third-party 'Buy Now, Pay Later' apps are popular, our program is designed with our members’ best interests in mind.

Bank with People You Trust: When you use 'Buy Now, Pay Later' with us, you get the confidence of knowing we understand your financial needs.
Ultimate Convenience: Forget downloading extra apps. View and manage all your plans directly within your existing Health Advantage E-Banking.
Simple and Fast: There are no lengthy loan applications to fill out. Eligible members will see offers automatically.
No Credit Check: We do not perform a credit check to determine your eligibility for 'Buy Now, Pay Later'. Using this service and paying on time will not affect your credit score.

Two Great Ways to Pay Over Time

Our 'Buy Now, Pay Later' program offers two flexible options to fit your needs.

Split Your Payments: Already made a purchase? No problem. The Split Your Payments option allows debit card purchases to be broken into installment payments over time. This works for most purchases, whether you shopped online or in-store.
Plan Your Purchase: Planning for a large expense or facing an unexpected bill? The Plan Your Purchase option lets you see how much you're pre-qualified for, accept an installment plan, and get the funds deposited directly into your account to use for your purchase.

Program Details at a Glance

FEATURES	SPLIT YOUR PAYMENTS	PLAN YOUR PURCHASE
APR¹	15.00%	17.00%
Repayment Term Options	Up to 18 Months	Up to 18 Months
Maximum Number of Plans	5	3
Minimum Loan Amount	$80	$200
Maximum Loan Amount (Total Aggregate Across All Plans)	$2,500	$2,500

Ready To Get Started

Access 'Buy Now, Pay Later' within Health Advantage's E-Banking.

¹APR = Annual Percentage Rate. Terms and conditions may vary based on underwriting standards. Not all members or transactions will qualify for the Split Your Payments or Plan Your Purchase programs. The estimated monthly payment of $1,000 borrowed at 15.00% APR for a term of 9 months would require 9 monthly payments of $118.24 based on 30 days to first payment. The estimated monthly payment of $1,000 borrowed at 17.00% APR for a term of 12 months would require 12 monthly payments of $91.28 based on 30 days to first payment. All credit union loan programs, rates, terms and conditions are subject to change without notice. Call the credit union for full details at 989-791-7070 ext. 3501.

Buy Now, Pay Later FAQs

How do I apply for a 'Buy Now, Pay Later' loan?

How soon will I see my purchase amount deposited back into my account?

Does 'Buy Now, Pay Later' require a credit check?

What makes a purchase eligible for Split Your Payments offers?

Does my use of Plan Your Purchase impact the Split Your Payments loans available to me?

Where can I find my 'Buy Now, Pay Later' offers?

Can I pay off my 'Buy Now, Pay Later' plans early?

Why can't I see any 'Buy Now, Pay Later' offers?