• Bits provides you with a digital store card

  
  

• You pay your balance on a monthly basis (single bullet repayment), which we report to the credit referencing agencies (CRAs)

  
  

• We take a continuous payment authority (CPA) from you which you can cancel or change any time by emailing or calling us

  
  

• Using the card / shopping with it is completely optional - you don't have to do it.

  
  

• This helps you build credit by:

  • Building a history of payments

  • Increasing your total credit limit

  • Increasing the average age of your accounts

Your repayment history accounts for 35% of your credit score(s) and this is the primary lever through which Bits builds credit.

Please note we are obliged to report missed or late repayments, so not paying back on time will negatively affect your score.