Shoppers Help Center
Bread Pay™ Installments
Bread Pay Installment Loans™ are designed to offer customers a simple payment solution. Shoppers make equal monthly payments until their loan is repaid. Shoppers are reminded of their due date each month, and there is no penalty for early repayment.
The Annual Percentage Rate or APR is the cost of credit as a yearly rate. You may have been offered an APR that ranges from 6.99%-17.49%, depending on your individual creditworthiness. Your APR was given to you in the Truth In Lending Disclosure when you accepted your Bread Pay Loan™ terms. You can also view your APR online in the Bread Financial Member Portal in the “Payment Plans” area.
Our bank affiliate, Comenity Capital Bank, determines the APR based on a variety of factors. Among others, these factors typically include your credit history and credit score, amount financed, and length of the term.
You can make payments on your Bread Pay Installment Loan™ via ACH electronic transfer from your bank account or a personal debit card. You cannot make payments on your Bread Pay Installment Loan with a credit card, business debit card, Bill Pay, or by check.
Additionally, Bread Financial™ does not accept Flexible Spending Account (FSA) or Health Savings Account (HSA) payment cards because we are not designated as a health services retailer.
You can apply at participating retailers using your mobile phone. When you’re ready, click
the Bread Pay™ button to check your eligibility in seconds
If you are eligible, you will be presented with sample payment plan options available to you. Simply select a payment plan you would like and once you are done shopping, proceed to the register to complete your purchase and check out with Bread.
For information about the expected shipping timeline of your order, please check directly with the retailer where you made your purchase.
If the size of your cart exceeds your loan limit, you may have the option to continue by making a down payment on a credit or debit card.
If your checkout amount does not exceed your available credit limit, the entirety of your checkout amount is included in the payment plan. However, once you’ve taken out a loan, you can prepay at any time without penalty, shortening the duration of your loan. You are not responsible for any interest that has yet to accrue. Please note, payments must be received by us 5:00 pm Eastern Time (ET) on your due date.
U.S. residents meeting their state’s age of majority, the age your state of residence defines as required to legally enter into a contract, are eligible, provided their creditworthiness and identity can be verified. You must also have a valid mobile number and email address. Please note that our products are not available in US Territories. Checking your eligibility does not affect your credit score since only a soft inquiry is completed.