You can buy cell phones with Acima at many online stores provided the cost of the product is up to $300.
Mobile phones are essential tools to maintain constant communication and handle some other things like access to the internet and following trends online.
With up to $4,000 credit provided by Acima, you can finance yours without being bothered by any upfront payment.
Stores where you can buy cell phones with Acima
The below online stores allow you to finance cell phones with Acima shopping credit:
Abunda
Buy cell phones on Amazon and pay with your Acima purchasing power when you go through Abunda. Simply get the link to the mobile phone on Amazon and paste it into the Abunda search field to buy it.
Curacao
It sells a wide variety of merchandise, including electronics, appliances, furniture, jewelry, and more. It allows direct financing for cell phones with Acima accounts.
PC Richard & Son
PC Richard & Son is an electronics and appliance retailer. It is known for its wide selection of products and competitive prices.
You may be able to purchase cell phones with Acima on the below website when you shop through the mobile app:
Best Buy
Best Buy is a multinational consumer electronics retailer that sells a wide variety of electronics, appliances, and entertainment products.
How to buy cell phones with Acima online
Here are the steps on how to use your account when shopping on websites that allow financing for cell phones with Acima:
Select Acima as your preferred method when on the payment page
Once you have added the items you want to your cart and are ready to checkout, you can proceed to the payment page to select Acima as your payment method.
It will be similar to the image below:
sample pay with the Acima option on Abunda.
Provide the needed details in the form fields
Once the Acima form page completely loads, you will need to enter the details required including your social security number, contact number, and others.
As soon as you have provided the required information, the platform will take a few minutes to process your application and determine your eligibility for financing through Acima.
Read the contract carefully before moving forward
Once you are approved for shopping credit, you will be presented with a contract that outlines the terms of your repayment, including the amount you will pay on the first day.
The amount of the initial payment for an Acima lease can vary depending on the retailer where you are buying from. Typically, the initial payment ranges from $50 to $75.
After you have carefully reviewed the instructions, you may move on to completing the order.
This process is the same for all the stores where you can finance cell phones with Acima.
Things to consider when shopping for cell phones online with Acima financing
When shopping at any of the online stores that accept Acima for lease-to-own purchases on mobile phones, take note of the following points:
Acima is a lease-to-own service provider hence, the price of the products will be high when paying with your purchasing power:
This is an important point to keep in mind, as some people sign the contract without reading the terms and conditions, which can lead to misunderstandings about how financing with Acima works.
Acima offers a lease-to-own solution, which means that you will be paying for the use of the item over time, rather than paying for the entire cost upfront. However, it is important to note that you may end up paying more than twice the original price of the item if you complete the full 12-month lease.
Acima has varying payment plans
The payment plans offered by Acima can vary depending on the item you are financing, your credit history, and the retailer where you are buying.
Below are the plans you might want to know:
- Initial payment: The order initiation cost is a one-time value that is charged when you start a lease with Acima. It is typically between $50 and $75, and it is usually charged on the first day of the lease. The amount of the order initiation cost can vary depending on where you are shopping and the product variation you want to buy.
- 90-day early purchase option: The early purchase option is the best value option, as you will only pay an additional $75 to $95 if you repay within 90 days of signing the lease-to-own contract. This is much cheaper than completing the full lease term, which could cost you almost twice the item price.
- Acima post 90-day payment: The cost of the early purchase option can be expensive if you exceed the 90-day window. In some cases, it can be as high as 155% or more of the original product price.
However, you can still purchase the item at any time during the lease term. The earlier you purchase the item, the more money you will save on fees.
Minimum purchase price must be $300, but cannot exceed $4,000
When shopping at any of the online stores that allow you to buy cell phones with Acima, you must ensure that the total value of your cart is at least $300. If your cart value is less than $300, you will not be able to use Acima’s lease-to-own service on any of the retailers’ websites.
The maximum amount you can finance with Acima is $4,000. However, the amount you are approved for will depend on your credit history and the purchasing power assigned to you by Acima.
FAQs about buying cell phones with Acima shopping credit
Here are some frequently asked questions regarding how to finance cell phones with Acima when shopping at any of its partnering retailers:
Why am I unable to complete the payment with Acima?
If you are unable to complete an order for mobile phone financing through Acima at any of the participating stores, here are some possible reasons:
- Your credit history has fallen. Acima performs a soft credit check when you apply for financing through their partner retailers. If your credit score has recently decreased, you may not be approved for financing.
- The item you want to buy is more expensive than the amount of shopping power you have available on Acima. Acima assigns each customer a certain amount of shopping power based on their credit history and other factors. If the item you want to buy is more expensive than your shopping power, your request will be declined.
If you believe that neither of these reasons applies to you, you can try reapplying for financing. If you are still unsuccessful, you can contact Acima’s support team to inquire about the reason for your denial.
Here are some additional tips for increasing your chances of being approved for Acima financing:
- Make sure you have a good credit history.
- Make all of your monthly payments on time.
- Keep your credit utilization low.
How can I cancel my mobile phone order?
If you have made a purchase from one of the online stores that allows financing for cell phones with Acima and you now wish to cancel the contract, follow these steps:
- Reach out to its customer service via email at [email protected] or simply call the contact number (801) 297-1982
- You will receive details on how to proceed with the cancelation process
- Go through the email sent to you and follow the information and steps outlined to return the item to Acima
- Once your product return is accepted, the contract will be canceled and the applicable fee may be applied depending on when you returned it
How will I know how much to pay when I am using Acima?
When shopping at any consumer electronics and smartphone stores that accept Acima, you will be presented with a contract if you choose the lease-to-own option.
This contract will outline all the terms and conditions of your financing, including the applicable fees and early repayment terms.
You can also use the Acima calculator to get an estimate of how much you will pay before you complete your order.
The real calculator will take into account the price of the item, the length of the lease, and your credit history. So, the below only estimate without taking into account the factors:
How will I know when to make payments?
Your renewal payments are due on the dates you specified when you made the purchase at one of the online stores that accept Acima.
Acima allows you to change your payment frequency after you make your first renewal payment. However, keep in mind that your regular renewal payments will not purchase the item in 90 days.
If you want to purchase the item and close out the lease through the 90-day purchase option, please contact Acima’s customer service.
Will financing cell phones with Acima at any of the retailers affect my credit score?
When you apply for a lease at any of the consumer electronic and mobile phone stores that accept Acima, your credit report will be soft-pulled.
This means that your credit score will not be affected, but the inquiry may appear on your credit report. A soft pull is a less invasive type of credit inquiry that lenders typically do not see.
What if I change my mind after being approved for financing?
If you are approved for financing through Acima at any of the stores that allow the purchase of cell phones with Acima, but you change your mind and decide not to complete the purchase, you are not obligated to do so. There is no contract involved.
Additionally, you can use your approved financing to make purchases at any other merchant that offers Acima financing for up to 45 days. If you do not use your financing within this time period, it will expire and you will need to reapply for financing if you want to make a purchase.
Where can I see the list of smartphone stores that accept Acima in-store?
Acima financing can be used at select physical stores. You can find a list of stores where you can finance cell phones with Acima by visiting its offline locator page and entering your zip code.
What are the minimum requirements to use Acima to buy mobile phones online?
To be eligible for lease-to-own financing through Acima when shopping online, you must meet the following basic requirements:
- Active employment: Acima wants to make sure that you have a steady source of income to make your monthly payments.
- Monthly income of $750: Acima wants to make sure that you can afford the monthly payments.
- Age 18 or older: Acima does not allow minors to apply for financing.
- Good credit history: A good credit history will not guarantee that you will be approved for financing, but it may help your chances.
If you meet these requirements, you can apply for financing at any of the stores that allow financing for cell phones with Acima.
How can I get more information about using Acima?
Acima has a comprehensive documentation section on its website that you can read through. You may also find the answers to some of your questions on the frequently asked questions (FAQ) page.
If you can’t find what you’re looking for, you can always chat with a customer service representative on Acima’s website or email them.
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There are many online consumer electronics and mobile phone stores that accept Acima for product financing. With up to $4,000 in credit, you may be able to get the item you’ve always wanted without paying upfront through its lease-to-own option.
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