Affirm review: Buy now, pay later with ease


Affirm is a Buy Now, Pay Later (BNPL) credit model that allows consumers to make purchases now and pay over time without interest. You can choose from two payment structures: traditional monthly payments or Affirm Pay in 4, which lets you make four interest-free payments every two weeks. Either way, you can get what you need today without worrying about fees and interest like a traditional credit card.

The Affirm logo appears when you checkout, and all you need to do is create an account to unlock Affirm Cash Back. You need a savings account to sign up, but once you do, you have access to in-app purchases where Affirm is accepted. If you’d rather have a debit card, Affirm has that too, although the built-in app makes it easy. Buy now, pay later with Affirm on purchases from places like Walmart, Peloton and Amazon.

With Affirm, there are none of the typical fees with no balance transfer fees, annual fees, late payment fees, or foreign transaction fees. However, while the APR can be as low as 0% to start with, it can also go up to 30% when you have bad credit. There is no set credit score for approval, although as always, the higher your score the better. If you want a banking solution that offers a BNPL model, Affirm might be the right one for you.

Affirm has made a name for itself, thanks to its lack of fees. No more typical fees, such as late payment fees and overdraft fees. There’s also no point in saving you extra money.


The inconvenients

  • pay later

  • Mobile app payments

  • Several payment options


  • Option Buy now, pay later: With Affirm, you have the option to buy now and pay later, giving you the flexibility to buy the things you need when you need them, even if you don’t have the funds immediately available .
  • Mobile app: Affirm’s mobile app puts the power in your hands, providing a convenient app that can both make purchases and process payments.
  • Several payment options: Affirm offers easy payments through their mobile app, but you can also pay through their website or send a check by mail. This makes it much easier to pay your bill.

The inconvenients

  • Extends financial obligations: When you choose to use Affirm Buy Now, Pay Later as a payment method, it means that you will pay for your purchases longer than if you had to make one initial payment.
  • Wait times for Affirm Debit+: There is currently a waiting list for Affirm Debit+.
  • Digital business: Affirm is a digital company, which means you cannot visit branches in person. It takes place strictly online, which means you’ll need to be a bit tech-savvy to use the service.

What type of credit card is the Affirm Debit+ card?

If you want a credit card, Affirm has that too. The Affirm Debit+ Card is a mix of debit and credit card that lets you buy now and pay later. Depending on your credit score, you can pay between 0% and 30% interest on your purchases.

  • Recommended credit: Varies on a case-by-case basis
  • Reward rate: Cash back with savings account
  • Introductory bonus: N / A
  • APR: 0% to 30% (Variable)
  • Balance Transfer Fee: $0
  • APR balance transfer: N / A
  • Late payment fees: $0
  • Foreign transaction fees: $0
  • Overdraft fees: $0
  • APR Penalty: N / A
  • Annual fees: $0
  • Intro Purchase APR: 0%

A savings account is required to unlock Affirm Cash Back. Once you’ve set up your account and downloaded the app, you can use the Shop tab to find all of your purchases from participating merchants. From there, you just buy using the Affirm app, but you’ll need to pay in full with your Affirm card in order to earn money. That’s it! Your cash back will be deposited into your account within 90 days.

How to use Affirm?

You simply use your Affirm account to make purchases. Once you’re approved, you can choose how you make payments, whether they’re upfront or split into four payments.

Does Affirm have a mobile app?

Affirm offers a mobile app that allows you to access your account and make payments. It is available through the App Store or Google Play for iOS and Android devices.

How do I make payments to my Affirm account?

There are several ways to make a payment to your Affirm card. You can sign in to your account using the website, or you can pay through the mobile app. Cardholders can pay using their debit card, checking account, or personal check.

Confirm mailing address for check payments

Affirm, Inc.

30 Isabella Street, Floor 4

Pittsburgh, Pennsylvania 15212

The Affirm Card is currently accepting applicants for its waitlist. You can join the waitlist to be notified when they start accepting new members.

Evolve Bank & Trust, member FDIC, issues the Affirm Debit+ card.

Klarna operates very similarly to Affirm, using the same hybrid debit-credit card model with interest-free Buy Now, Pay Later purchases.

However, the buy now, pay later model is not for everyone. If you’re looking for a more traditional credit card, some of our top picks for the best credit cards include the Chase Freedom Flex, Discover It Cash Back, and the Bank of America Customized Cash Rewards Credit Card. We also recommend the American Express Serve Cash Back and Starbucks Rewards Visa Prepaid Card from Chase as the best prepaid debit cards.


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