{"id":7554,"date":"2021-05-06T10:45:12","date_gmt":"2021-05-06T09:45:12","guid":{"rendered":"https:\/\/www.splitit.com\/faq-article\/does-splitit-reserve-the-full-amount-on-my-credit-card"},"modified":"2024-05-08T02:38:58","modified_gmt":"2024-05-08T01:38:58","slug":"does-splitit-reserve-the-full-amount-on-my-credit-card","status":"publish","type":"faq","link":"https:\/\/www.splitit.com\/faq-article\/does-splitit-reserve-the-full-amount-on-my-credit-card\/","title":{"rendered":"Does Splitit hold the full amount on my credit card?"},"content":{"rendered":"
Yes.<\/p>\n
In addition to your monthly installment payments, the full outstanding amount is authorized (held) on your card to guarantee future payments.\u00a0Authorizations are usually renewed every 17-21 days until your plan is paid off. Authorizations get smaller with each installment 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.\u00a0<\/p>\n
\u00a0<\/p>\n
You can find out more about payments and authorizations here<\/a>.<\/p>\n","protected":false},"comment_status":"closed","ping_status":"closed","template":"","faq_category":[92,90],"acf":[],"yoast_head":"\n