Here's how Splitit works:
Example: 3 month installments for order totaling $150
Pay today: $50 (total of $100 held on card)
2nd installment: $50 (total of $50 held on card)
3rd installment: $50 (final payment)
At the time of purchase, you will only be charged for the first payment. The remaining balance will be held on your credit card until the final payment is made. After each monthly payment, the amount held from your available balance will be reduced to the new remaining balance (the held amount may appear as "pending" on your statement).
To be eligible, you must own a VISA or MasterCard credit card and have the entire amount of your purchase available on your card.
Your 0% interest will apply as long as you pay in full your credit card statement balance.
FAQs about Splitit
Are there additional fees involved?
No, this is an interest free payment method with no additional fixed fees, service fees, interest, or hidden fees of any kind.
Do you perform a credit check? What is the effect on my credit score?
There is no effect on your credit score since no credit check is performed. We simply reserve the amount on your credit card. Even if one of your authorization payments is declined, there is no effect on your credit rating, it is simply a declined charge.
Can I pay off my balance early?
Upon completing your transaction, you will be provided with a login to your customer portal where you can pay off your balance early.