How Do I Increase My Afterpay Limit? A Step-by-Step Guide

Afterpay has become an extremely popular way for consumers to buy now and pay later With Afterpay, you can split your purchases into 4 interest-free payments over 6 weeks. This makes it easy to afford bigger purchases without going into debt

However, one downside to Afterpay is the low spending limits, especially when you first sign up. So you may be wondering – how can I increase my Afterpay limit?

In this detailed guide, we’ll explain everything you need to know to raise your Afterpay spending limit. We’ll cover:

• What factors determine your Afterpay limit
• Tips to increase your limit
• How long it takes to increase your Afterpay limit
• What to do if Afterpay won’t increase your limit

What Factors Determine Your Afterpay Limit?

When you sign up for Afterpay for the first time, they will look at your situation to figure out how much you can spend. Here are some of the key factors that Afterpay considers:

• Your credit score – Just like with a credit card, your credit score gives Afterpay an idea of how reliable you are at repaying debts. The higher your credit score, the more likely you’ll be approved for a higher limit.

• Your Afterpay payment history – If you have an existing Afterpay account, they will look at your track record of making repayments on time. Always paying on time helps increase your limit.

• Your income—Afterpay will check to see if you make enough money to make the payments. A higher income often means a higher limit.

• Existing debts – If you already have a lot of debt obligations like credit cards or loans, this may negatively impact your Afterpay limit.

• How long you’ve been an Afterpay customer—Customers who have been with the service longer and are in good standing usually get higher limits.

Tips to Increase Your Afterpay Limit

If your Afterpay limit seems lower than you’d like, here are some proven tips to help increase it:

1. Make All Repayments On Time

This is absolutely crucial. Never miss an Afterpay payment or pay late. It hurts your credit score and reputation with Afterpay every time.

Set reminders in your phone to ensure you never miss a payment due date. This builds trust and shows Afterpay you are reliable.

2. Start With Smaller Purchases

When you first open an Afterpay account, don’t go making huge purchases right away. Start with some smaller purchases (e.g $100-$200) and repay those on time. This helps establish your track record.

After 3-6 months of on-time repayments, you can then start gradually increasing purchase sizes.

3. Limit Afterpay Purchases

Try not to have too many open Afterpay purchases at once. For example, wait until you’ve paid off your first purchase before making your next Afterpay purchase.

Too many open purchases may signal you are overextending yourself financially.

4. Improve Your Credit Score

As mentioned, your credit score is a key factor in determining your Afterpay limit. So anything you can do to boost your credit score will help.

Tips to improve your credit score include:

• Pay all bills on time
• Keep credit card balances low
• Avoid applying for too much new credit at once
• Check your credit report for errors

Allow 6-12 months for credit score improving activities to positively impact your Afterpay limit.

5. Increase Your Income

While not always possible, one of the fastest ways to get a higher Afterpay limit is to increase your income. Afterpay wants to see you can afford the repayments.

Options to increase income include asking for a raise, finding a higher paying job, starting a side business or monetizing a hobby.

6. Ask Afterpay Customer Service

If you’ve been a good customer for a while, it never hurts to simply ask Afterpay customer service if they can increase your spending limit.

Be polite when asking, and explain why you need a higher limit. There’s a chance they may agree to raise it, especially if you have a solid repayment history.

How Long Does It Take to Increase Your Limit?

So when can you expect to see your Afterpay limit go up? Here is a rough timeline:

• 1 month – Probably no increase yet after just 1 month of on-time payments. Need more history.

• 3 months – You may see a small $50 – $100 limit increase after 3 months of perfect payments.

• 6 months – A more significant increase of $200+ once you have an established 6 month history of on-time repayments.

• 12+ months – After a year of on-time payments you should be eligible for much larger Afterpay limit increases.

However, keep in mind there are no guarantees. Even after a long time, Afterpay may refuse to raise your limit for other reasons like low income or existing debts. But generally speaking, the longer you build up your good repayment history with Afterpay, the higher your limit is likely to go.

What If Afterpay Won’t Increase My Limit?

Sometimes, even after doing everything right, you may find Afterpay won’t budge on raising your limit. If this happens, here are some options:

• Wait and try again later – Be patient and continue building your track record. After another 3-6 months, ask again.

• Only use Afterpay occasionally – Don’t rely exclusively on Afterpay purchases. Mix in some regular credit card purchases too, and keep credit card balances low.

• Further improve your credit score – Keep finding ways to boost your credit score over time. After a year of improvements ask Afterpay again.

• Increase income – If low income is the limitation, explore ways to earn more money. After your income increases, Afterpay may approve a higher limit.

• Consider other buy now, pay later services – Apps like ZipPay, Splitit and Openpay have similar offerings to Afterpay. You may be able to get approved for higher limits.

• Contact customer service to understand why – Afterpay should explain exactly why they cannot offer you a higher limit. Then you can target the root cause.

While frustrating, try to be patient with limit increases. Over time, as you build your repayment track record and make financial improvements, Afterpay is likely to reward you with higher spending power.

The Bottom Line

• Always make your repayments on time
• Start small and gradually increase purchase sizes
• Limit the number of open Afterpay purchases
• Improve your credit score
• Increase your income if possible
• Politely ask customer service for a higher limit

Stick with these best practices, and your Afterpay limit should slowly but surely rise. Before long you’ll be able to enjoy the full convenience of buying now and paying later!

To increase your Afterpay spending limit, the primary factor is a consistent history of on-time payments. Afterpay gradually increases limits for customers who demonstrate responsible use of the service.

The maximum limit for Afterpay purchases is $4,000.