Your Stitch Pay Later limit is the total amount you can spend on Pay Later purchases at any one time. Your available spend is what's left of that limit after any active plans. Here's how both work.
Limit versus available spend
Your Pay Later limit is the approved amount Stitch has set for you. Your available spend is what's currently free to use, calculated as your limit minus any active Pay Later balances.
If your limit is R5,000 and you have R3,000 active on Split plans, your available spend is R2,000.
Your limit is shared between Split and Extend
Whether you use Split or Extend, you draw from the same overall limit. Your available spend reflects everything you have running across both options.
How your limit is set
Stitch checks your affordability when you sign up, and your limit is based on what we believe you can comfortably manage. This is part of being responsible by design. We'd rather approve you for a limit you can manage than set you up for trouble.
How limits change over time
Your limit is reviewed automatically as your repayment history builds. Paying on time over a few months can lead to a higher limit. Missing or late payments can lead to a lower limit, or pause new approvals.
Why is my Split limit different from my Extend limit?
Extend gives you access to a higher Pay Later limit than Split alone. If you've signed up for Extend, your full limit is available for both Split and Extend purchases at participating stores. If you've only signed up for Split, your limit applies to Split purchases only. Adding Extend later needs a bit more verification, after which the higher limit covers both.
Can I request a higher limit?
Limits are reviewed automatically. We don't take increase requests through support. Keep using Pay Later responsibly and your limit may increase over time.
Where to see your available spend
Sign in to your Stitch account at app.stitch.money. Your Pay Later limit and current available spend are shown on your overview.
Comments
0 comments
Article is closed for comments.