How To Increase Your Afterpay Limit
Written by
Kristopher Kane
Edited by
Emily Gadd
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Afterpay initially allows you a spending limit of $600. However, it’s possible to get this limit raised.
How Does Afterpay Decide Your Limit?
Afterpay determines your account limit using various criteria, which include:
- Any purchases that were denied at checkout due to inadequate funds
- Speed of repayment for previous purchases
- Length of time you’ve had your Afterpay account
- Frequency of orders and payment history
If you’ve had an Afterpay account for a considerable period of time and regularly make all your payments on time, you may be eligible for an increased Afterpay limit.
However, if you have a history of late or declined payments, you may be assigned a lower limit or be denied the service altogether.
What Is the Highest Limit for Afterpay?
The highest limit Afterpay will give you is $1,500 per transaction and you can hold up to $2,000 an outstanding balance.
As with other types of financing or lending, the limit Afterpay determines for your account is influenced by several factors, including your overall creditworthiness, the amount of your existing debt and your debt-to-credit ratio.Â
The Bottom Line
If you have a history of making all of your payments on time, it’s more likely that Afterpay will raise your limit. Because Afterpay looks at your credit history, make sure you’re not missing payments for other things, like your credit card.
Editorial Note: This content is not provided by any entity covered in this article. Any opinions, analyses, reviews, ratings or recommendations expressed in this article are those of the author alone and have not been reviewed, approved or otherwise endorsed by any entity named in this article.
