Thinking about applying for a Next Account? Find out everything you need to know about Next Pay Account and how to get £10 off when £15 off your first order here.
What is Next Pay?
Next Pay is a credit account, that you can use to purchase goods from Next.co.uk*. Next Credit Accounts come with various credit limits, depending on your credit score.
As Next Pay is a credit account you can buy now and pay later.
After a while, you may be eligible for a Next Pay Card, which means you can make purchases in store and they will be charged to your Next Credit Account.
nextpay Credit Account - Representative 24.9% APR variable.
How can I apply for Next Pay, the Next Credit account?
It takes only 3 clicks to apply for Next Pay, the Next Credit Account. You have to provide details of your current address, as well as your previous ones (within 4 years) as you are subject to Credit Check, when you apply.
You can apply for Next Pay on the Next website*.
Once you have filled in the simple application, they will give an instant decision on whether you have passed the credit check or not.
Good news if you have as you then get to shop straight away, and won't have to pay anything until you receive your first monthly statement.
Save £10 when you spend £15 with the Next Pay
One of the benefits of the Next Pay Credit Account is that you get to save £10, when you spend £15. This is on your first order only, that is charged to your Next Pay Account.
Other benefits include VIP Slots for the Sale.
How does the Next Account credit limit work?
Next work out your credit limit on a monthly basis. This means that the amount of credit you have to spend can increase or decrease with each review.
Factors that affect your credit limit are how you manage your account. So, for example if you pay off your Next Pay Account in full each month, this will demonstrate affordability and will increase your chance of your limit becoming more.
Late payments, or paying the minimum payment each month for a sustained duration may result in a decrease in your credit limit.
Missed payments can mean your account will be suspended.
Your initial credit limit is calculated with the information provided by the Credit Reference Agencies.
If you already have a Next Pay Credit Account, then you can find out your current credit limit by logging into 'My Account'* on the Next site.
How is interest charged on Next Pay?
If you pay off your account in full each month then no credit is charged to your Next Pay Account.
For those of you that wish to spread the cost of your orders across several months then the amount of interest is calculated in two parts:
Part 1: Daily interest (based on 24.9% APR variable) is calculated from the day after you are to receive your items until the date of your next monthly statement.
Part 2: Monthly interest is applied on any outstanding balance on your Next Credit Account (based on 24.9% APR variable) from the date of one statement to the next statement.
What is a Next card?
When you have a Next Pay Account, then you may wish to start purchasing good in store, but have the cost added to your Next Account. To do this, you need a Next Directory Card.
The card is subject to all of the same terms and conditions as those of your Next Credit Account.
What can I buy with a Next Credit Account?
You can buy pretty much anything that's on the Next.co.uk Website*. That includes Clothing*, Designer Brands*, Beauty/Fragrance*, Shoes* and Homeware*.
Want to buy lots in the Next Sale? You can also purchase Sale goods and add them to your Next Pay Account. Why not check out the Clearance here*?
FAQ
How long will Next keep my order?
Next will hold an item for a maximum of 10 days from the store delivery date. If you do not collect your order within the 10 days, then your parcel/s are sent back to the warehouse and you'll be issued with a refund to your account.
Can I pay Next Account in store?
It's really easy and handy to pay your Next Pay Account in a Next store. Just go to any checkout and they will find your account.
You can pay your account with Credit/Debit cards, cash or Next gift cards only.
How do I use my Next Account in store?
You can use your Next Credit Account in store only when you have got a Next Directory Card.
There is certain criteria that you need to meet to be given a Next Account Card...
- You have shopped with us and received at least 3 consecutive statements.
- Your account is not in arrears.
- You have at least £100.00 available credit on your account.
- You have made cash payments of £50.00 or more.
- You have been paying at least the minimum payment each month.
- How you manage your account - if Next think you are having any sort of difficulty paying from month to month, then they may refuse your request of a Next Directory Card.
Think you would like a Next Directory Card? You can ask Next for one here* or call them on 0333 777 8000.
The card is subject to all of the same terms and conditions as those of your Next Credit Account.
How do I pay for my order?
You can pay your Next goods at the time you place your order with Credit/Debit cards, cash, Paypal or Next gift cards only.
If you have a Nextpay account then you can add the cost of your order on to your account, and then pay it in installments, or all in one go.
Can I use PayPal on Next?
Yes! Paypal can be used to pay your Next Pay Account. You will need to use your Paypal login to complete the payment.
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