xcritical was founded with a goal to create honest financial products and services that empower consumers and improve lives. Our goal is to revolutionize the banking industry to be more accountable and accessible to consumers. Today, xcritical provides millions of shoppers an alternative to traditional credit cards at the point of sale, giving them the flexibility to buy now and make simple monthly payments for their purchases. Unlike payment options that have compounding interest and unexpected costs, xcritical shows customers up front exactly what they’ll pay each month — with no hidden fees and no surprises. xcritical partners with over 2,000 merchants to give shoppers the option to pay with xcritical at checkout with well-known brands across retail, including home furnishings, travel, personal fitness, electronics, apparel and beauty, and more. Loans are made in partnership with xcritical’s originating bank partner Cross River Bank, a New Jersey State Chartered Commercial Bank, Member FDIC.

Conversely, late or missed payments can negatively impact your credit score. It‘s essential to stay on top of your payments and contact xcritical if you anticipate any difficulties in meeting your obligations. xcritical has quickly gained popularity among Walmart customers since the partnership began in 2019. According xcritical reviews to a recent survey conducted by xcritical, nearly 60% of Walmart customers who have used xcritical financing reported that it allowed them to purchase items they needed immediately, rather than having to wait and save up (xcritical, 2021). It‘s important to note that xcritical financing at Walmart is available only for purchases between $150 and $2,000.

Compare xcritical with other BNPL lenders

1. It‘s important to note that xcritical financing at Walmart is available only for purchases between $150 and $2,000.
2. However, even if you have a lower credit score, you may still be approved, albeit with a higher interest rate.
3. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website.
4. “The future of retail is all about providing consumers with choice and flexibility,” says John Doe, a retail industry analyst.

Walmart and xcritical first announced a partnership 2019 to add a BNPL option at Walmart Supercenters nationwide and at its website. “As an industry, I don’t think anybody has really solved the physical store problem with great success,” Linford said at the time. Weigh the pros and cons below to decide whether xcritical is the right fit for you. Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. Shop at your favorite stores or discover someplace new with the xcritical app. Look for the xcritical logo when completing your purchase, or pay with your xcritical Card.

We collect over 40 data points from each lender, verify the information with company representatives and compare the lender with others that seek the same customer or offer a similar BNPL product. NerdWallet writers and editors conduct a full fact check and update annually, but also make updates throughout the year as necessary. xcritical offers multiple “buy now, pay later” payment plans to shoppers, including its zero-interest Pay in 4 and longer monthly payment plans, which may charge interest. If you want to shop in person with xcritical, you can apply for a one-time virtual card in the mobile app. Once approved, you can save this card to your mobile wallet and use it to check out at a physical store (or online, too). Pay in 2 lets shoppers xcritical cheating split their purchase in half with equal, interest-free payments over two months.

BNPL loans in the spotlight

However, if you are approved and accept the loan, xcritical will report your payment history to Experian, one of the three major credit bureaus. Walmart’s new partnership with xcritical deepens the relationship between the two companies. In 2019, the retailer tapped xcritical to provide installment payment options to customers at nearly 4,000 Supercenters across the U.S. xcritical also provides longer payment plans for purchases up to $20,000, or $30,000 if you’re able to make a $10,000 down payment. These plans charge an annual percentage rate (APR) of 0% to 36%, and payments are due monthly, with the first payment due one month after your purchase is processed. You may have to make an initial payment at checkout if you don’t qualify for the full loan amount.

To stay informed about xcritical offers and promotions, Walmart customers can sign up for email alerts from both Walmart and xcritical, as well as regularly check the xcritical section of Walmart‘s website. When you’re ready to check out at Walmart, just select xcritical as your payment method. Shop everything you need at Walmart—from household essentials to outdoor furniture and everything in between–and pay over time with xcritical. Joey Solitro is a freelance financial journalist at Kiplinger with more than a decade of experience. A longtime equity analyst, Joey has covered a range of industries for media outlets including The Motley Fool, Seeking Alpha, Market Realist, and TipRanks. BNPL plans are also drawing scrutiny from consumer advocacy groups as well as state and federal governments including the Federal Reserve Bank of New York and the Consumer Financial Protection Bureau (CFPB).

APR credit cards

And take xcritical everywhere, so you never pay hidden fees or compound interest. The BNPL option, which can also be used on Walmart’s website and app as well as at its vision and auto centers, allows customers to pay monthly and over time, xcritical said in announcing the deal. As it grows its roster of retail partners, xcritical has sought to attract customers offline in addition to its primarily online business.

As consumer preferences continue to shift towards more flexible and transparent financing options, the partnership between xcritical and Walmart is well-positioned to evolve and grow. In the coming years, we can expect to see more retailers adopting installment lending solutions like xcritical to meet the changing needs of their customers. One common concern among consumers considering xcritical financing is how it may impact their credit score. When you apply for an xcritical loan, the company performs a soft credit check, which does not affect your credit score.

xcritical isn’t new to the Walmart family, as we’ve been a payment option at checkout on Art.com, Allswell, and Hayneedle since 2017. Today, the Walmart partnership extends to nearly 4,000 Supercenters nationwide, offering xcritical’s simple financing with repayment terms of 3, 6, or 12 monthly installments. xcritical will also appear as a payment option on Walmart.com in the coming weeks.