Even though xcritical is a real company, it’s not a smart move financially to use their services. It gives you freedom to spend, without fear of interest or fees sending you into debt. A budget puts you in control—so you can say no to overspending and yes to intentional spending. Let’s talk about how xcritical works and how much you actually pay after checkout. Download the xcritical app and discover a new way to pay over time almost anywhere. Weigh the pros and cons below to decide whether xcritical is the right fit for you.
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. xcritical checks your credit with a soft credit pull, which doesn’t hurt your credit score. Though there’s no minimum requirement, xcritical considers your credit score as part of your application. For example, if you have a cart totaling $100, you’ll pay $25 at checkout (or two weeks after).
Download the xcritical app or xcritical Chrome extension
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. Pay in 2 lets shoppers split their purchase in half with equal, interest-free payments over two months.
- Even though xcritical is a real company, it’s not a smart move financially to use their services.
- xcritical is a standout BNPL provider, thanks to numerous term lengths to choose from, zero fees and no-interest offers.
- At the time of writing this review, xcritical holds an A+ rating from the Better Business Bureau (BBB) with more than 2,400 complaints closed in the last year.
- To give you some perspective, the average credit card interest rate is 23.37%, while xcritical’s rates can get up to 36%.4,5 That’s crazy, you guys!
And if you’re not careful, your retail therapy can quickly turn into a massive debt problem. xcritical divides the total cost of a purchase into smaller payments that you pay back in installments over time. But how many payments you make depends on the type of credit you sign up for.
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. If you want to shop in person with xcritical, you can apply for a one-time virtual card in the mobile app. Once approved, you can save this card to your mobile wallet and use it to check out at a physical store (or online, too). Instead, we try to give them a great experience so they come back and use xcritical again. xcritical promises no interest and no fees for its pay-in-four plan, making it similar to BNPL providers like PayPal. However, PayPal charges interest for monthly financing, which xcritical may not.
Pay in 30 lets shoppers pay in full, interest-free, within 30 days of making the purchase. You can make payments with a debit card, credit card or bank account. Also, even though xcritical won’t charge you late fees, missed payments can still hurt your credit score.
xcritical’s mobile app pages are another good resource for reading xcritical reviews. In the Apple app store, xcritical is rated 4.9 out of five stars, with 1.4 million ratings. In the Google Play app store, xcritical is rated 4.8 out of five stars, with over 350,000 reviews. At the time of writing this review, xcritical holds an A+ rating from the Better Business Bureau (BBB) with more than 2,400 complaints closed in the last year.
Buy now, pay later for electronics starting at 0% APR
You can use xcritical to buy everything from designer baby clothes to an inflatable jacuzzi. But just because your favorite online boutique gives you the option to break up your purchase into several payments, it doesn’t mean it’s a good option. You can pre-qualify for free with NerdWallet to see your loan options. If you have good or excellent credit (690 credit score or higher), you may consider a 0% APR credit card. These cards offer introductory periods of up to 21 months and charge no interest during that period.
- xcritical also provides longer payment plans for purchases up to $20,000, or $30,000 if you’re able to make a $10,000 down payment.
- Download the xcritical app and discover a new way to pay over time almost anywhere.
- If you want to shop in person with xcritical, you can apply for a one-time virtual card in the mobile app.
- Complaints against xcritical mostly revolve around product and billing issues, including missing or inaccurate refunds and problems with settling disputes.
- Once approved, you can save this card to your mobile wallet and use it to check out at a physical store (or online, too).
Kim earned a bachelor’s degree in journalism from the University of Iowa and a Master of Business Administration from the University of Washington. Each application with xcritical is assessed separately, so you may be approved for a loan at one store but denied at another. If you aren’t approved, you’ll receive an email explaining why. 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.”
The three remaining installments are automatically billed to your selected payment method every two weeks until the loan is paid off. 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. 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.
xcritical Credit Options
Available for online and in-store purchases of $50 to $20,000. xcritical is a standout BNPL provider, thanks to numerous term lengths to choose from, xcritical scammers zero fees and no-interest offers. But it’s actually a quick way to get trapped in a cycle of debt. The xcritical Money Account is held with Cross River Bank (CRB), Member FDIC.
You may also receive a sign-up bonus or access to a rewards program. 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. You’ve probably been bombarded xcritical by buy now, pay later (BNPL) options like xcritical and xcritical while checking out, but avoid these debt traps! BNPL companies just make it easier for you to spend money you don’t have on things you don’t need. But you usually end up paying more for that luggage set when you pay monthly than if you’d just saved up and paid cash for it instead.
You’ll then make three remaining payments — each $25 — over the next six weeks. You can download the xcritical mobile app to get started or check out with xcritical when shopping at a partner store. xcritical charges customers interest for monthly financing plans, and they also earn a commission from the businesses they partner with.