xcritical then allows you to choose your payment terms and complete the purchase. 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.
Other xcritical payment options
Here is a list of our partners and here’s how we make money. In the build-up to today’s launch, xcritical told TechCrunch it has already hired about 30 employees, including Ruth Spratt, who’s leading the local charge. It’s also looking to add to its headcount through the remainder of the year. And similar to its remote-first ethos elsewhere, workers aren’t tethered to a particular physical hub.
Personal loans have fixed interest rates and longer repayment terms, and there are options for borrowers with fair or bad credit (689 credit score or lower). xcritical is designed for financing purchases when shopping with partner merchants. Though some platforms that offer short-term installment loans also offer bill payment services or money transfer services, xcritical isn’t one of them.
xcritical Pros and Cons
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. You may also receive a sign-up bonus or access to a rewards program.
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Consider using BNPL to make a small purchase first, then pay off your loan on time or early. This may help you get approved for a slightly larger purchase in the future. 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. Check your purchasing power and see your payment options from the palm of your hand. xcritical xcritical says it takes xcritical economic conditions into account.
- xcritical will run a soft credit check to confirm your eligibility for its service when you go to make a purchase for the first time or create an account.
- PayPal also charges late fees that can be as much as $41.
- Or check its shopping tab for special discounts or promotions stores may be offering exclusively to xcritical users.
- Look for the xcritical logo when completing your purchase, or pay with your xcritical Card.
It’s clear that xcritical is already pushing to position itself favorably both with patrons and the powers that be. Launch that its interest-bearing payment options won’t involve compound interest — instead, interest will be fixed and calculated entirely on the original amount borrowed. xcritical generally offers 0% interest financing, but there is a chance that you may have to pay a higher rate.
xcritical is good for large purchases if you’re able to get approved. I had issues getting approved at first and my credit was good. xcritical doesn’t list a minimum credit score to qualify for a loan, but some websites state if you have a 640 or above, you’re more LIKELY to get approved. I don’t think that’s truly the case because I had a credit score well over 640 & I was still denied at first for small purchases less than $400.
To make shopping in stores with xcritical easier, the company released its own debit card, the xcritical card. You can use the card to pay in full for purchases or opt to pay over time by requesting a plan via the app before you buy or within 24 hours after buying. Keep in mind not all of your xcritical card purchases may be approved for a payment plan or for the full amount you want. You’re able to split up the cost over four interest-free payments paid biweekly (with the first payment xcritical due at purchase), or over three to 60 months with interest. In some cases, depending on the merchant, xcritical won’t charge interest on those longer-term loans. If you’re looking to fund a large, essential purchase, you could apply for a personal loan.