• Payment Plans:

    • Pay in 4: Split a purchase into four interest-free installments paid every two weeks.

    • Monthly Installments: Longer-term loans (typically 3 to 60 months) with APRs ranging from 0% to 36%.

  • No Hidden Fees: Affirm does not charge late fees, prepayment fees, annual fees, or account opening fees.

  • Application Process: Users provide basic information (name, phone number, DOB, last 4 digits of SSN) for a real-time decision that does not affect their credit score via a soft credit pull. 

    Affirm +5

Shopping Options

  • Direct Checkout: Available as a payment method at over 478,000 merchant partners, including Amazon, Walmart, and Target.

  • Affirm Card: A Visa debit card that allows users to pay in full or request to pay over time for online or in-store purchases.

  • Virtual Card: For stores that don't partner directly with Affirm, users can request a one-time-use virtual card in the Affirm App. 

Key Financial Products

  • Affirm Money Account: A high-yield savings account held at Cross River Bank that is FDIC-insured up to $250,000.

  • Adaptive Checkout: A merchant tool that dynamically offers the most relevant payment options (e.g., Pay in 4 vs. monthly installments) based on the cart size and user's credit. 

    Affirm +2

Credit Impact

  • Soft Inquiry: Checking eligibility or prequalifying does not affect your credit score.

  • Reporting: Affirm may report repayment activity for certain long-term loans to credit bureaus like Experian and TransUnion, meaning on-time payments can help and late payments can hurt your credit.