The one benefit I can see from splitit and in fact it’s in my case. i have 55 day visa credit card with $5000 limit. The bank is offering me every now and then to increase the credit limit. I never did because it was no point to increase the limit as I have to pay all in 55 days. Now with Splitit, I can increase the limit to say 10k and can buy expansive product upto 5k and pay with splitit and use balance 5k limit as usual. Idea is great. But merchants uptake and competition (from credit providers themselves) is the risk. But APT can increase its mc by more than SPT mc just in opening bell today, I am prepared to take some risk.
cheers
SPT Price at posting:
88.0¢ Sentiment: None Disclosure: Held
