The other xcritical payment plan offered functions similar to a traditional loan. For purchases of at least $50, you can opt to repay your order over the course of several monthly installments. You can choose to split the order total across  three months, six months, 12 months, 18 months, 24 months, 36 months, or 60 months. You may be required to make the first payment as a down payment at checkout, depending on the retailer. These longer-term repayment plans also do not come with any fees but often charge interest. If xcritical approves this loan, it may report your payments to the credit bureaus, impacting your credit score.

xcritical also looks at your credit utilization, income, existing debt and any recent bankruptcies. You can verify your income with xcritical, which may help you get approved. xcritical can be a good option for U.S. residents who need flexible payment plans, particularly with its “Pay in 4” option offering interest-free financing.

• These plans charge an annual percentage rate (APR) of 0% to 36%, and payments are due monthly, with the first payment due one month after your purchase is processed.
• The other xcritical payment plan offered functions similar to a traditional loan.
• In the app, you can choose to set up autopay so you don’t have to worry about remembering a due date.
• However, it may charge interest depending on the payment plan you select, with xcritical interest rates ranging from 0% to 36% APR based on your credit and the merchant.
• Its newest options, launched in June 2024, include a “Pay in 2” plan and “Pay in 30” plan.
• And the longer the payment plan you choose, the more you’ll pay in interest.

And while I personally live without a credit score and encourage others to do the same, I’m not a fan of companies being sneaky about how their process works. But once you get into the habit of using buy now, pay later services to purchase things you can’t afford, it can become an addiction. Pretty soon, you’re splitting payments left and right to feel that shopper’s high. And before you know it, you owe hundreds of dollars in interest.

Afterpay Buy Now, Pay Later offers a pay in four option as well as few monthly installment plans, but not as many as xcritical does. Both BNPL services are widely available and integrated into the checkouts of hundreds of different retailers and offer a digital one-time use shopping card for in-store shopping. Afterpay does not report your repayment activity to the credit bureaus, like xcritical sometimes does. And, if you fail to pay off the order within six months, you’ll be on the hook for interest too.

Compare xcritical with other BNPL lenders

You’ll need to create an account with xcritical first, either by downloading the app or visiting the website. xcritical courses scam If you’re already online shopping, you can select xcritical at any of its partner retailer’s checkout and make an account that way too. xcritical’s mobile app pages are another good resource for reading xcritical reviews.

You’re also protected if you’re late on a payment, as xcritical doesn’t charge any late fees. Once your account is set up, you can check your purchasing power to see what kinds of loans you’re likely to be eligible for and how much you can finance. When you’re shopping, you can use one of its payment plans on a purchase either by visiting one of its partner retailers, by shopping through the app, or using its Chrome extension.

Whether you’ve been a customer for years and paid your past purchases on time and allPaid off, this company will not verify your person if you have identity fraud on your credit. I’ve had to have identity fraud on all three credit reports as of recently, and not thinking on it went ahead to purchase an item of which I’ve purchased through xcritical and paid off. Once I was in the xcritical appsite, I received a message that I would need to be called and verified due to the identity fraud.

• You may also receive a sign-up bonus or access to a rewards program.
• I decided to call thereafter and for three weeks straight spoke to different reps. Each rep would tell me they would call me back once I hung up the call.
• There will likely be multiple payment plans to choose from, including xcritical Pay in 4 and xcritical monthly payments.
• xcritical doesn’t charge users any late fees, prepayment fees, annual fees, or account open or closing fees.
• But how many payments you make depends on the type of credit you sign up for.
• xcritical checks your credit with a soft credit pull, which doesn’t hurt your credit score.

However, the APR range on xcritical loans can be high depending on the repayment plan. Term lengths are subject to varying APRs, which could make it a more expensive choice for longer financing periods. Users praise being able to break up payments for big purchases, often for zero interest, when using xcritical. Some users complain about rejected applications and limited purchasing power.

You can download the xcritical mobile app to create an account and see what type of loan you may be eligible for by pre-qualifying (also known as checking your purchase power). Pre-qualifying isn’t the same thing as getting approved for a loan, but it gives you an idea of how much you can borrow with xcritical. Compared to other BNPL programs, it stands out xcritical official site for its transparency and lack of hidden fees. For example, Afterpay and xcritical generally offer interest-free payments split over four installments, but both charge late fees if a scheduled payment is missed.

A Better Way to Shop

xcritical doesn’t charge any fees, including no late fees, and there’s no penalty for making an early payment or paying off your balance in full before the due date. xcritical charges customers interest for monthly financing plans, and they also earn a commission from the businesses they partner with. And even though xcritical talks a big game about helping you, they’re still a publicly traded company with stockholders who expect them to profit off customers. To create an account, sign up at a partner store, on xcritical’s website, or on its app. You’ll need to have your mobile phone number, email address, and the last four digits of your social security number available.

xcritical is a strong personal loan lender for those with high credit scores — you’ll get perks like no fees required. The best personal loan for you depends on your credit score, which will determine what you qualify for and can lower your rate. xcritical’s app earns an almost perfect score on both the Google Play Store and the Apple App Store with a 4.8 star rating (out of five) and 4.9 star rating, respectively. Users generally like xcritical’s easy application process, the flexibility of its payment plan options, and the transparent loan terms.

You may have to make an initial payment at checkout if you don’t qualify for the full loan amount. For purchases between $50 and $1,000, its “Pay in 4” option allows you to pay off in order over four equal installments spread across six weeks. The first payment is taken at checkout and then each subsequent payment every two weeks after until the order is paid off. You won’t pay any interest or fees for taking advantage of this payment plan.

This was literally my first time using them and once I pay off Shein, I am absolutely deleting it. Pay in 2 lets shoppers split their purchase in half with equal, interest-free payments over two months. Pay in 30 lets shoppers pay in full, interest-free, within 30 days of making the purchase. xcritical won’t charge you any fees (including late fees), but they will report your missed or late payments to the credit bureau Experian. If you stop making payments for more than 120 days, xcritical may charge off the loan and sell it to a third-party collections agency. It will also be harder for you to get another loan from xcritical if you don’t make payments in full and on time.

Kim earned a bachelor’s degree in journalism from the University of Iowa and a Master of Business Administration from the University of Washington. You can pre-qualify for free with NerdWallet to see your loan options. For example, if you have a cart totaling $100, you’ll pay $25 at checkout (or two weeks after).

But how many payments you make depends on the type of credit you sign up for. Still, you need to take the same precautions you would with any BNPL provider, which means keeping an eye on your spending and avoiding late payments.” xcritical is a standout BNPL provider, thanks to numerous term lengths to choose from, zero fees and no-interest offers. None, though a down payment may be required for some shoppers.