To be eligible for another spend limit increase, continue to do the following:
- Shop with Zip at different merchants
- Make your payments on time
- Shop with Zip often
- Ensure that in the "Spend Limit Settings" in your account, you have the "Increase my limit when eligible" button toggled to 'on'.
To toggle the settings, go into "Account" in the app, then go into "Spend Limit Settings". Ensure the button is toggled to on- you should be able to see a purple colour in the toggle bar.
As your credit score improves, it is likely that your spend limit will also improve. Zip will periodically run a credit check to assess your credit score to determine whether a credit limit increase can be provided.
- This type of check will not impact your credit score.
- These checks will not be visible to other lenders.
To learn more about your Credit Score and credit history, please get in touch with Centrix.
Depending on the number of orders you make and if you meet the conditions above, you will automatically receive a spend limit increase. We will notify you when this occurs.