Pay in installments
Split your purchase into smaller payments using the credit card you already have. No new loans, no extra accounts, just a more flexible way to pay over time.
What are the benefits? <Title required>
No new loans or applications
Use your existing available credit to pay in installments.
No added interest
Splitit does not add interest to your installment plan (your standard credit card terms and conditions still apply)
Keep earning your rewards
Continue to earn your credit card rewards and protections that come with your card, including reward points, purchase protection and fraud protection.
How Splitit installment payments work
Authorizations explained
An authorization temporarily reserves the full purchase amount on your credit card. It is not a charge. Think of it as a hold that confirms you have sufficient credit available to cover the full installment plan.
You’re only billed for each installment as it comes due. As you make payments, the authorized amount decreases. So if you’ve paid 3 out of 6 installments, the remaining hold on your card reflects the outstanding balance, not the original full amount.
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When and how you’re charged for Splitit installments
Your first installment is charged at the time of purchase. After that, payments are charged automatically, either monthly or bi-weekly, depending on the plan you selected.
Your payment date is tied to your purchase date.
For example, if you buy something on the 10th, your monthly payments will be charged on the 10th of each month until your plan is complete. This date cannot be changed.
Managing your Splitit installment plan
Once you’ve checked out, your installment plan is created automatically. You’ll receive an email with access to the Splitit portal, where you can:
- View your payment schedule to see exactly when each installment is due
- Update your card details if you need to switch to a different eligible credit card
- Pay off your remaining balance early at any time, with no additional charges
There are no fees for paying off your plan ahead of schedule.
What you’ll see on your credit card statement
Your installment payments will appear on your credit card statement under the merchant’s name. In some cases, they may appear as “Splitit.”
You may also see an authorization for the full purchase amount under the merchant’s name or Splitit. This is not a charge. It’s how your future payments are secured.
Over the course of your installment plan, you’ll see multiple posted transactions on your statement, one for each installment. These will appear at regular intervals matching your payment schedule. The pending authorization amount will decrease as each installment is charged.
What’s the difference between pending and posted
Pending/authorization is the temporary hold that decreases as you make payments. This is not a charge.
Posted transaction is an actual installment payment that has been charged to your card.
If anything looks unfamiliar, check your Splitit portal for a clear breakdown of your payment schedule and history.
Frequently asked questions
Splitit is a card-linked installment solution. Unlike traditional BNPL providers, Splitit doesn’t issue a new loan or open a new credit account. You pay using the credit you’ve already been approved for on your existing credit card.
Splitit does not charge interest or hidden fees on your installment plan. Each installment is treated as a regular credit card transaction by your card issuer, so if you pay your card balance in full each month, you won’t incur interest on your Splitit payments. Your standard credit card terms and conditions still apply.
No. Splitit doesn’t run a credit check and doesn’t report to credit bureaus as a separate account. Your installment plan is linked to your existing credit card, so there’s no impact on your credit score. The only effect on your card is the authorization hold and the scheduled installment charges, both of which are standard credit card activity.
The supported credit cards vary depending on the merchant and plan selected. The supported cards will be clearly marked at the merchant checkout. We typically accept Visa, Mastercard, and depending on the merchant, American Express, Discover and UnionPay.
You need enough available credit on your card to cover the full authorized amount at the time of purchase. Debit cards and prepaid cards are not currently supported.
Yes. You can pay off the remaining balance at any time through the Splitit portal, with no early repayment fees.
Returns and refunds are handled directly by the merchant. If approved, the refund is applied to your credit card and your remaining installment plan is adjusted or cancelled accordingly. If you’ve already made several installment payments, the refund amount will be credited back to your card.
When a monthly payment or required reauthorization fails, Splitit provides a 7-day grace period for you to fix the issue. During this time, you can:
- Contact your bank and ask them to approve the transaction, or
- Update the card on file to one with enough available credit to cover the remaining plan balance
In many cases, a quick call to your bank is enough to resolve the issue.
The key difference is that Splitit works with your existing credit card, not a new loan. This means no credit checks, no new accounts, and you keep earning your card rewards. Most traditional pay later services create a new line of credit, which may require sharing additional personal data and could affect your credit score.
No. The authorization is a temporary hold, not a payment. It secures the full purchase amount to guarantee your installment plan. You’re only charged for each installment as it falls due, and the hold reduces over time.
You can update your card details through the Splitit portal at any time. If your card expires or is replaced, add your new card to keep your installments on track. The new card must have sufficient available credit.
No. Your payment date is tied to your original purchase date. For example, if you made your purchase on the 10th, your installments will be charged on the 10th of each month. This date cannot be adjusted.
Yes, depending on the merchant. The process works the same way: you use your existing credit card and choose your installment plan.
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