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Scotiabank has followed in the footsteps of other card issuers in Canada like American Express and CIBC by now offering an optional flexible payment plan for purchases over $100. Called Scotia SelectPay the new feature allows eligible Scotiabank Visa cardholders to turn eligible purchases of $100+ into installments. They can choose fixed installment plan of three, six, or 12-months and pay a flat fee with no interest. The example Scotia provides shows a 2% fee ($24) being applied to a $1,200 purchase. This makes carrying a balance on big purchases much more tolerable than the two figure interest rates but do know you do have to pay the full amount of the purchase within the fixed installment plan time frame you selected. Learn more aboust SelectPay here. To see what Visa cards Scotiabank offers please visit our Scotia page here.