You have not been charged in full—your card has simply been authorized for the purchase amount to guarantee future payments to the Merchant. This authorization is a required part of paying in installments, since there is no loan, credit check, or additional fees from Splitit.
💳 How Most Splitit Plans Work
⚡ First Payment:
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Charged immediately upon plan creation.
Some are charged after shipping (Merchant dependent).
📆 Future Payments:
Charged automatically on according to your payment schedule.
Appear as actual charges on your credit card statement.
🔒 Authorization Hold:
An authorization for up to the full purchase amount is placed on your card at plan creation.
Not a charge—will not appear on your bill.
Temporarily reduces your available credit until released.
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⏳ Authorization Timing:
For many plans, the hold disappears within ~30 days (often sooner) of purchase.
Some plans are periodically re-authorized at lower amounts as installments are paid, until the plan is complete.
🏦 Bank Control:
The length of an authorization is determined by your bank or credit card provider.
Contact your financial institution directly for any questions.
Splitit cannot release a hold on funds due to your bank's authorization release timeline.
There are some variations to the details above depending on the Merchant you purchased from and the plan options they've made available to their customers. Always review the details about Splitit at checkout and in the contract agreement you receive after completing your purchase.
Already have a plan? Log in to the Shopper Portal and under 'Plan Details' click on 'How Splitit Works?' This will take you to a detailed explanation of your particular plan.
Note: If instead of a Monthly Installment Plan you have a ‘Pay After Delivery’ plan, view this article for details about how your plan works. If you've created an installment plan through your Samsung Wallet, please view this Samsung article.