credit cards from other banks like DBS, OCBC, American Express (Amex), and others (including Mastercard and Visa) for interest-free installment plans, depending on each bank’s offers. Each bank may have different terms, partnerships with merchants, and promotional offers. Here’s a general breakdown of how these installment plans work for some of the mentioned banks:

1. DBS Bank

• DBS My Preferred Payment Plan: DBS offers an interest-free installment plan that allows you to convert purchases (minimum amount applies) into installments for up to 24 months.
• Eligibility: You can use it for most credit card purchases, provided the merchant is participating.
• Benefits: DBS also offers cashback and rewards programs, depending on the credit card.

2. OCBC Bank

• OCBC PayLite: This plan allows you to convert your purchases into installments with up to 36 months repayment tenure.
• Eligibility: Certain merchants and purchases qualify for this plan, including those in electronics and security systems.
• Benefits: Similar to UOB, OCBC offers various rewards depending on the card used, such as cashback, reward points, and miles.

3. American Express (Amex)

• Amex PayFlex Installment Plan: Amex provides installment plans for eligible purchases with flexible terms, typically between 6 to 12 months.
• Eligibility: Applies to Amex credit cards, and certain promotions or offers might be available at specific merchants, including electronics and security services.
• Benefits: Amex offers unique rewards programs such as Membership Rewards Points, which can be used for travel, shopping, and more.

4. Mastercard and Visa (From Other Banks)

• Installment plans vary by bank. Both Mastercard and Visa credit cards can be eligible for installment plans, depending on the issuing bank (such as DBS, OCBC, UOB, etc.). These cards are widely accepted, and most banks offer installment programs similar to UOB’s plans.

Key Points to Consider:

• Merchant Participation: Ensure that the CCTV or security system provider accepts the specific bank card for installment plans. Some retailers may have partnerships with certain banks.
• Tenure and Flexibility: Check each bank’s tenure options. Some offer shorter plans (6 months), while others provide longer terms (up to 36 months).
• Promotions and Rewards: Look for specific promotions where banks partner with retailers to offer cashback, discounts, or additional rewards points.
• Fees: While many installment plans are interest-free, there may still be processing fees or administrative charges, depending on the bank.

If you’re considering using other banks or card types, it’s a good idea to check with the CHOICECYCLE CCTV  and the bank’s terms to see which plan offers the best deal for your needs.