Buy Now, Pay Later with Split It

How Does Split It Work?

Split It enables you to pay for your purchase with an existing credit card by splitting the cost into interest and fee-free monthly payments taken on the same date as your first one, without additional registrations or applications.

At the time of purchase, you will only be charged for the first payment. The remaining balance will be authorized (held) on your credit card until the final payment is made. Authorizations are usually renewed every 17-21 days until your plan is paid off. Authorizations get smaller with each instalment paid. The previous authorization is released once a new one is obtained. Authorizations show as 'pending' or 'reserved' on your account. If your plan is kept on track, these authorizations are not charged.

What happens if you fall behind on your instalment plan?

If an authorization or monthly payment is declined, Split It will email you to let you know. You will have 7 days to resolve this with your card provider or by changing your payment card to a different one. During this time, Split It will continue to try the declined transaction.

After 7 days, if the transaction is still declined, Split It will charge your card with the full outstanding amount using the last successful authorization. This will mean that your plan will be cleared early and you will have lost to the ability to pay in instalments.