Make your month-end easier

Everyone can sometimes find themselves needing to respond to fluctuations in expenses, and it may be necessary to split payments in order to meet their obligations.

It's simple to apply for credit card payment distribution in the Arion Bank app, but there are a few things to keep in mind when considering payment distribution.

• Credit card bill amounts can be distributed over up to 18 months each time

• You can have up to 10 payment distributions active at once

• Minimum payment is 10% of the bill amount

In the app, you can select credit card payment distribution, and then you simply enter how much you can pay toward the bill, and you'll see the remaining balance. Next, you choose how many months you want to distribute the payments over.

Finally, you electronically sign the payment distribution agreement.

This is a clever way to meet unexpected expenses, but it's important to keep in mind that interest on the distributed remaining balance is according to the bank's interest table at any given time, and the cost of distribution is according to the bank's price list.