At Next we want to offer you a great service when shopping with us, so from time to time we may offer you an increase to your Credit Limit. We aim to do this alongside being a responsible lender.
Your Credit Limit is the maximum amount you can borrow in total using your Pay in 3 Credit account. You can view your current Credit Limit at any time by logging into My Account.
How we offer Credit Limit increases to you
We will make offers of Credit Limit increases from time to time.
We’ll give you at least one month’s advance notice of any Credit Limit increase. We’ll also let you know as soon as possible if your Credit Limit has decreased.
For further information about Credit Limit decreases click here.
We’ll notify you of Credit Limit increase offers and decreases by email. You may also see offers of Credit Limit increases in My Account or when shopping online.
How we apply Credit Limit increases to your account
You can also change your preferences for future credit limit increases by logging into My Account
If you’re a new customer, you’ll be asked to choose one of the two preferences below when you apply online for a new Pay in 3 Credit Account.
1. ‘Automatically apply increases unless I decline them’
This means if we make an offer to increase your Credit Limit, it will automatically be applied to your credit account on the date stated to you in your email, unless you tell us that you don’t want it.
Whenever we make an offer to increase your Credit Limit, we’ll give you a simple option to decline it.
Or
2. ‘Only apply increases if I accept them’
This means if we make an offer to increase your Credit Limit, it will only be applied to your credit account if you tell us you wish to accept it.
Whenever we make an offer to increase your Credit Limit, we’ll give you a simple option to accept it. The increase will be applied to your account from the date you accept it.
With either option, we may contact you again with future offers.
Remember
A higher Credit Limit may offer greater flexibility and convenience to meet your financial needs. However, it may also increase the risk of taking on too much debt, which may be costly, or take a long time to pay off. You should carefully consider whether you need a higher limit.