Finder News
Published in

Finder News

Buy now and pay later with the new Affirm debit card

This debit card will let you pay for purchases over time when it debuts later this year.

Affirm, a lender specializing in installment loans, announced Thursday that it plans to launch the first debit card in the US that will allow consumers to pay for purchases over time. The Affirm Card will give cardholders the option to either pay for an entire purchase at the point of sale or finance it over several months. There won’t be any late fees or hidden charges, but you can expect to pay an interest rate ranging from 10% to 30%, and if you miss a payment, your credit score will suffer.

How the Affirm Card will work

Affirm hasn’t shared many details regarding how its new card will work, but we do know that the financing option will be heavily dependent on the company’s smartphone app. The app will include a unique post-purchase feature that allows you to convert any eligible transaction into a pay-over-time plan with just a few taps.

What are the pros and cons of the Affirm Card?

The Affirm Card will have a few features we’re excited about, but there are also some drawbacks.


  • Freedom of choice. The Affirm Card will let you choose to instantly pay for entire purchases or finance them over time.
  • No late fees. If you miss a payment with Affirm, you won’t get stung with an expensive late fee.
  • Use at 1,000s of merchants. You’ll be able to use your Affirm Card with a growing number of online and offline retailers.


  • Not accepted everywhere. Not all merchants or transactions will be eligible for financing with your Affirm Card.
  • No rewards. The Affirm Card doesn’t appear to offer a rewards program of any kind.
  • Down payment may be required. Some transactions or retailers may require you to pay for a portion of your purchase upfront.

How to sign up

The Affirm Card isn’t yet available, but you can sign up for the waiting list now by visiting If you’d like to learn more about the company, check out Affirm’s existing financing service.

Originally published at on February 26, 2021.




Finder News delivers the latest money, insurance, shopping and travel developments in a way that helps you compare your options and make better decisions.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Michael Benninger

Michael Benninger

Writer & Editor

More from Medium

Greenly — Making eco-friendly products more accesible.

Participants in the DRIP Network’s high-yield DeFi platform have the option of either: 1)…

The show must go on: 5 upcoming performances in Fort Collins

Decentra-Tokens Launches Hall Of Memes