buy now pain latter, page-38

Is this Surepay (CBA), or something else?

It's showing as an option on my CC account, and seems tailored by marketing to milk the 'instalment' buzzword.

For the 'privilege' of paying an amount back in fixed instalments, at the usual interest rates, you lose the interest free period on that amount. The only possible benefit to a customer would be in preserving their interest-free period if a large one-off prevents them from paying the full monthly balance. However the bank wins by dragging out repayments (psychology 101), making interest costs less visible, and stacking lower interest balances on top of higher interest balances (instalment balance paid before cash advance, etc.).

First time I looked at it I thought I must have misread something as it seemed so stupid.