Your approved spending limit with Afterpay will depend on their assessment of your ability to make repayments on your short instalment plan.  This will largely be determined by your repayment history.

For those who have only recently joined Afterpay, spending limits will generally be smaller.  However, the longer you are with Afterpay, spending responsibly and making repayments on time, your spending limits may increase.

As Afterpay learns more about you, their system incentivises responsible spending so Afterpay can help you plan, buy and pay for more of the things you need.

Before trying to make a purchase with Afterpay, it’s important that you think about the following:

  • Are there sufficient funds in your account? Generally, they want to see at least 25% of the purchase price.
  • How long have you been using Afterpay?  Afterpay are more likely to limit you to small purchases in your first 6 weeks.
  • How much do you have to repay on this purchase and any previous outstanding purchases? The smaller the amount to repay, the more likely your purchase will be approved.

Afterpay are committed to making sure their community supports responsible spending. To help, they have developed special proprietary technology to assess individual purchase applications. So, while you may not know exactly how much you can spend with Afterpay at any one time, this system is vital to help you stay in control of your money and avoid missed payments wherever possible.

*For full terms and conditions please see Afterpay’s Official Website.