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:
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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.
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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.
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Your income—Afterpay will check to see if you make enough money to make the payments. A higher income often means a higher limit.
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Existing debts – If you already have a lot of debt obligations like credit cards or loans, this may negatively impact your Afterpay limit.
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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:
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1 month – Probably no increase yet after just 1 month of on-time payments. Need more history.
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3 months – You may see a small $50 – $100 limit increase after 3 months of perfect payments.
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6 months – A more significant increase of $200+ once you have an established 6 month history of on-time repayments.
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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:
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Wait and try again later – Be patient and continue building your track record. After another 3-6 months, ask again.
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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.
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Further improve your credit score – Keep finding ways to boost your credit score over time. After a year of improvements ask Afterpay again.
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Increase income – If low income is the limitation, explore ways to earn more money. After your income increases, Afterpay may approve a higher limit.
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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.
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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!
⬇ Free exclusive Afterpay guide ⬇
Manage your Afterpay account like a pro – find the the answers to the most essential questions about the platform – download the Afterpay guide.
How to Increase Your Afterpay Limit
Now that you know how Afterpay decides on account limits, here are some tips to help you increase your spending power:
How to Increase the Afterpay Limit? (Afterpay Limits Tips & Tricks)
FAQ
How do I increase my Afterpay limit?
To increase your Afterpay limit, attach a credit card to your account. A credit card increases your spending power, thus increasing the Afterpay limit. How much can I spend on Afterpay at once? Afterpay: You can spend up to $1,500 at a time, and your account can have a maximum balance of $2,000.
Can I increase my Afterpay limit if I miss a payment?
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?.
What is my Afterpay limit?
Each Afterpay customer starts with a spending limit of around $600, which increases gradually over time, depending on their spending and repayment habits. If you pay your bills on time every month and have had an Afterpay account for a while, you can spend more money.
How much money can I make with Afterpay?
Afterpay: For every transaction, you can make a maximum purchase of $1,500 and hold an outstanding account limit of $2,000. Why has my Afterpay limit gone down? You may notice your spending limit decreases too; this is because our system takes into account a range of different factors, including late payments, in deciding spending limits.
Why do I have a higher Afterpay limit?
You are likely to have a higher Afterpay limit if you have had your account for a longer period of time and have regularly made your repayments on time. Nevertheless, your limit may be lowered if you have a history of declined transactions or late payments.
Can I increase my credit limit with Afterpay?
You might be able to get your credit limit raised if you have been using Afterpay for a while and have made all of your payments on time. To request an increase: Log into your Afterpay account and navigate to the My Account section. Select “Request a Credit Limit Increase” and follow the prompts.
How can I raise my Afterpay limit?
What’s the highest limit on Afterpay?
The maximum limit for Afterpay purchases is $4,000.
How to upgrade Afterpay?
it works. Open the app. Visit the in-store tab in the app to upgrade to Afterpay Plus for $9.99 a month. Upgrade to Afterpay Plus.
Why is my Afterpay limit $100?
New customers start with lower limits, which only increase over time with positive payment history. We assess each order in real-time, ensuring responsible spending based on your account activity. The longer you demonstrate good spending habits, the more likely your limit will increase.