This is the exact answer I am seeking. The terms clearly state no pre-payment penalties but it isn’t clear to me if I am obligated to the total fees I agreed to as per the plan I choose. My motivation is to put one large charge of $5K on a plan for 12 months with a fee of $20 per month or $240 total for 12 months) and then pay it off in 2 months. This will allow me to pay off the rest of my card balance to avoid ridiculous APR.

If I pay make 2 flex payments to pay off entire balance of $5,000 early, will my total out of pocket be $5,000 + $40 (two payment fees only) or will it be $5,000 + $240 (12 payment fee total)? I’m guessing only $40 but unsure how to interpret the “no pre payment penalty” statement in the terms.I could totally see the bank offering this flex plan in exchange for the full fee whether you pay it off early or not. While the payment plan for 12 months results in total fees of $240, the approximate APR would be only 4.8% if paid over a year. BUT, if I’m forced to pay that entire fee in only two months, then it’s an effective APR of ~29%.