Pay Over Time with Your CFCU Credit Card + MyWay Installment Plan
You’ve seen those “Buy Now, Pay Later” options pop up when you’re shopping online, right? They sometimes come with confusing terms, high fees, or just another app to keep track of. That’s where we do things differently.
Get what you want now – and pay over time in a way that actually works for your budget. Introducing MyWay Installment Payments, a brand-new feature on your CFCU Visa® Platinum or Signature Card that gives you more control over how you pay.* Think of it as buy now, pay later – but your way.
How It Works
When you make a purchase of $300 or more, you’ll have the option to split it into predictable, manageable monthly payments, with no surprise fees or stress. Just choose a plan that works best for you, with fixed rates as low as 5.99% – 7.99% APR*, and flexible terms based on your transaction amount.
✅ Have up to 10 active installment plans at once
✅ No credit check required when you choose a plan
✅ Your installment payments show up clearly on your statement, so it’s easy to stay organized
✅ It’s all handled after your purchase, so there’s no pressure upfront
Curious how MyWay Installment Plan compares to the typical Buy Now, Pay Later apps out there? Check out the chart below to see how we compare when it comes to transparency, flexibility, and ease of use.
MyWay Installment Plan vs. the Competition
APR
Fees
Credit Check
Payment Management
Security & Trust
Flexibility
Setup
Example
MyWay Installment Plan
Fixed 5.99% – 7.99% APR*
No surprise fees
None to activate a plan
Easy-to-read on your monthly statement
Built into your trusted CFCU card
Up to 10 active plans at once
Choose a plan after you buy
For a $1,000 purchase.
Plan Term: 6 months
Plan Interest Rate: 5.99%
Plan Mo. Payment: $169.59
Total Interest Paid: $17.54
Other Buy Now, Pay Later Apps
Up to 36% APR***
Late fees, hidden interest
Often require soft or hard credit pulls
Separate app or login
Third-party fintech companies
Often limited to 1-4 open plans
Must decide before checkout
For a $1,000 purchase.
Plan Term: 6 months
Estimated APR*: 17.28%
Estimated Mo. Payment: $175.17
Total Interest Paid: $51.02
*Estimated APR is based on a 0.86% fixed fee.
It’s simple to set up, easy to manage, and designed to help you stay on budget without giving up the things you want!
*Your ability to create each new installment plan will depend on an assessment of eligibility made at the time you seek to create an installment plan. In order to create a new installment plan, your account must be in good standing and you must have a minimum $100 purchase or statement balance on your eligible card. We may also limit or otherwise restrict your ability to participate in the installment program based on your account’s available credit or for any other reason.
Full Terms & Conditions for MyWay Installment Payments
**APR = Annual Percentage Rate. Rates are subject to change. Rate shown is the lowest available, and will be based on purchase amount and term, which is disclosed during plan creation.*APR = Annual Percentage Rate. Rates shown are the best available, are based on credit history, are available only on loans not already financed with Christian Financial and subject to change without notice. Rates listed are based on automatic loan payment. Loans requested for more than 105% of collateral value may be subject to a higher rate of interest. Members refinancing existing Christian Financial loans are subject to a higher rate of interest. Please contact us for full details.
***Affirm. “APR Calculator.” Affirm’s tool showing APR ranges from 0%–36% based on creditworthiness, as of April 2025.
