Pace Buy Limit

Pace turns payments into 3-interest free instalments for customers. The Pace Buy Limit determines how your instalments are spread out.

The article covers the following topics:

What is Buy Limit?

How do I increase my Buy Limit?

Can I purchase above my Buy Limit?

What is Pace Buy Limit?

When you register to create a Pace account, we consider various factors using our bespoke algorithm, which at times includes reviewing a user's information and credit history, before allocating a Pace Buy Limit.

Pace Buy Limit is the maximum amount you're able to use for instalments with Pace. You can see your current Buy Limit from your Pace app.

If your Pace Buy Limit is $3000, add a credit card to enjoy the full amount.

How do I increase my Buy Limit?

After getting your Buy Limit, we periodically review increases to your Buy Limit and offer it automatically when you continue to shop with Pace. To improve your likelihood for an increase, you should continue to do the following:

• Shop within your limit and ensure you have sufficient funds in your card for the first payment
• Pay your instalments promptly within the scheduled cycles
• Continue using Pace services responsibly to improve your track record

Your Pace Buy Limit reduces as you make more purchases, and restores as you complete your repayments. All throughout, you can continue to shop within your offered limit.

Good to know: We cannot accept customer-initiated requests for Buy Limit increases. 

Can I purchase above my Buy Limit?

If the price of your purchase is above the allocated Buy Limit, you can complete the transaction by paying the difference upfront. 

For an example, if your Pace Buy Limit is $500 and your purchase amount is $800, here's how Pace spreads your instalments: