![]() However, using these tips will help you reap Splitit’s many benefits. Splitit is a great option for many people seeking a convenient installment payment service. See related: Split any online purchase into 4 installments with Klarna Tips for maximizing Splitit Since Splitit does not check your credit or report to a credit bureau, you cannot use Splitit as a tool to improve your credit score.Splitit only accepts Visa and Mastercard.Some Splitit-compatible retailers do not accept debit cards.For example, James Avery requires a minimum $10,000 purchase to utilize Splitit. Retailers may place maximum or minimum purchase values on the customer.It can also negatively impact your credit utilization. This may be an issue if you have a low spending limit. Splitit places a hold for the full balance on your credit card.Many payment installment services use a wider base of merchants or let you pay anywhere with a virtual card number. Competing services like Klarna offer alternative options like financing. Splitit does not interfere with your credit card perks, so you can keep saving. If you use a rewards credit card, you will continue earning points.You can make early payments through the Splitit portal.There is no application process to use the service.This even applies in situations like declined payment methods. ![]()
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