Do I need to be approved prior to selecting Bill Me Later® at checkout?
No, you do not need to complete an application or get approval prior to shopping. To request a Bill Me Later® account, simply select Bill Me Later® at checkout. A separate page will appear in which you: 1) verify the billing address you've already provided the merchant, 2) supply your date of birth and the last four digits of your Social Security Number for verification purposes, 3) Review and agree to the E-sign Consent, and 4) review and approve the Bill Me Later® Terms and Conditions to request a Bill Me Later® account.
Is there an Annual Fee?
No. There is no annual fee for using Bill Me Later®.
What is the Annual Percentage Rate?
The Annual Percentage Rate is 19.99%. The Minimum Finance Charge is $2.00. Of course, you can choose to pay your entire balance in full by the payment due date and pay no finance charges.
Does Bill Me Later® protect me from liability for unauthorized charges?
Yes, Bill Me Later® provides "zero fraud liability" protection; the same protection provided by most major credit cards. This means you are not responsible for unauthorized charges. And Bill Me Later® has been designed with other features to help protect against unauthorized use of your account. Your identity is validated with top-of-mind information such as date of birth and the last four digits of your Social Security Number. This means there is no account number that can be lost or stolen.
What does Subject to Credit Approval mean?
Bill Me Later® is a credit account that you can use to make purchases. CIT Bank will review and consider your credit report and other credit related information prior to approval. Creditworthiness is determined by CIT Bank.
Do you review my credit report every time I make a purchase?
CIT Bank does not review your credit report for each transaction. However, your credit report may be reviewed for some transactions and periodically to provide you with the maximum buying power possible.
Do I have a credit line and how much is it?
CIT Bank does not issue a credit line for Bill Me Later®. To enhance your convenience, security and buying power, CIT Bank approves and extends credit for each transaction.
Where else can I use Bill Me Later®?
A growing network of merchants accepts Bill Me Later®. A complete list of the merchants that accept Bill Me Later® is provided on the Bill Me Later® website at www.billmelater.com.
How can I contact Bill Me Later® to find out more about this payment method?
You may visit the Bill Me Later® website at www.billmelater.com.
The Terms and Conditions will be provided to you after you select Bill Me Later® at checkout.