Splitit personal loan review

Written by: Ben Luthi
• Updated •1 min read
This date may not reflect recent changes in individual terms.
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In a Nutshell

Splitit offers a unique buy-now, pay-later experience, using available credit on your credit card to allow you the chance to pay for a purchase in installments without interest. There’s no credit check required. But the list of retailers that accept Splitit may seem somewhat limited.
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What you need to know about Splitit

Splitit is a buy-now, pay-later service that taps into your existing credit limit to help you buy items from partnering retailers and pay off those purchases.

How to apply with Splitit

There is no application to use Splitit. Simply choose it as your payment method when you check out with one of the BNPL service’s partnering merchants.

Keep in mind, though, that you need to be at least 18 years old and have an eligible credit card to use the service. Also, you’ll need enough available credit on your card to cover the full amount of the purchase.

*Approval Odds are not a guarantee of approval. Credit Karma determines Approval Odds by comparing your credit profile to other Credit Karma members who were approved for the personal loan, or whether you meet certain criteria determined by the lender. Of course, there’s no such thing as a sure thing, but knowing your Approval Odds may help you narrow down your choices. For example, you may not be approved because you don’t meet the lender’s “ability to pay standard” after they verify your income and employment; or, you already have the maximum number of accounts with that specific lender.

About the author: Ben Luthi is a personal finance freelance writer and credit cards expert. He holds a bachelor’s degree in business management and finance from Brigham Young University. In addition to Credit Karma, you can find his wo… Read more.