Firstly, let’s explain your spend limit.
Your ‘spend limit’ is the maximum amount you’ve been approved to spend with Afterpay. This amount can increase and decrease as detailed in our Terms.
Just as various factors may decrease your spend limit, a positive payment history may increase it.
Factors that influence your spend limit:
- Making payments on time: Your Afterpay payment history is a key factor that affects your spend limit.
- Tenure since first order: The length of time since your first order with Afterpay.
- Frequency of orders: How often you place orders using Afterpay.
- Payment source: The method of payment you use to pay off your balance.
- On-time payments: How frequently you make payments on time.
- Late payments: The frequency and extent of late payments.
- Insufficient funds: How often orders are declined due to insufficient funds in the linked payment method.
If you’re new to Afterpay, your spend limit may be lower. Typically, the longer you use your Afterpay account responsibly and make payments on time, the more likely your spend limit will increase.
One way you can help increase your spend limit and avoid declined orders is by ensuring your linked payment method has sufficient funds to cover the first payment upfront.
Looking to put a cap on what you can spend with Afterpay?
Stay on top of your spending by placing a spend cap with just a few simple taps in the Afterpay app. Simply head to Settings in the My Afterpay tab and select spend cap. You can enter in an amount that is below your maximum spend limit, with a minimum of $100. Click here to learn more about the Spend cap feature.
What is Available to spend?
Your ‘Available to spend’ is the estimated amount you can spend using Pay in 4 on your Afterpay Account, which you can view in the app. It takes into account your spend limit, spend cap settings alongside any open Order Amounts and unpaid Late Fees.
For more information on spend cap click here.
Why has my order been declined when I have enough Available to spend?
It’s important to know that we assess each order attempt in real time, and may decline an order even if it's within your estimated Available to spend that you can see in the app. You can learn more about why your order may have been declined here.