Circles.Life’s Phone Combo Plan gives you the option of purchasing a phone along with your monthly phone plan, where you can pay for the phone by a 0% interest installment payment plan from DBS/POSB Credit Card over 24 months.
When you buy a phone on an installment payment plan on your DBS/POSB Credit Card, the total cost of your phone is split evenly into 24 monthly installments with absolutely no extra charges and 0% interest. The monthly installment amount charged on your credit card depends on the cost of your chosen phone.
Let's use an iPhone SE (2nd Generation) 64GB Combo Plan as an example:
At the point of purchase, you pay nothing for your new sim plan and phone. At the same time, the entire cost of the phone is blocked on your credit card.
At the beginning of each month, you are charged $18* for your monthly subscribed plan on your credit card by Circles.Life. Separately, with your credit card’s monthly bill (date depending on your credit card billing cycle), you will also be charged for your phone via installment payment directly on your credit card.
* for number transfer
Update: You may see a third payment option for some of the phones. This option allows you to pay $200 upfront and the remaining balance over the course of 24 months. Similar to our $0 upfront installment option, only DBS/POSB credit cards are accepted.