Affirm Virtual Credit Card

on Affirm secure website

Affirm Offers Virtual Credit Card With Option To Make Payments On Purchases

A new virtual credit card has been launched, and it aims to take the place of the traditional credit card. The Affirm app loans you money so you can make online purchases and allows you to pay it back over the course of several months.

You’ll still have to pay interest, but your rates won’t ever be higher than what you see upfront. Plus, there are no hidden fees. But before you toss your credit cards in the trash, read on to learn more about what Affirm offers and whether it's right for you.

What is Affirm?

Affirm is a lending app that was created by Yelp co-founder Max Levchin and PayPal. It allows you to make purchases through the app and pay back over time on your terms. The company, which began back in 2012, created the app to act as a virtual credit card so its customers could use it as a line of credit with no strings attached when making online purchases. The app gives you a virtual credit card with a card number, an expiration date, and a security code. When you’re ready to make your purchase online, Affirm will give you a choice of repayment plan options with a flat interest rate up front.

Interest rates

From 10 to 30 percent depending on your eligibility

Repayment Plan

You can pick from a 3, 6, or 12 months

The app always tells you how much money you will pay up front before you commit to a payment plan. You can use it to get your purchase right away and then split your payments up over time. After selecting your purchase, the app will show you your approved loan amount, the total interest you’ll pay over time, and the number of months that you have to pay all before you sign up.

Jack Chou, the app’s head of product, feels that the app is a better alternative to credit cards. He stated that the app is more aligned with consumer interest and that credit is a fundamentally broken process. Affirm argues that there is a simple way to extend money to people without running the risk of acquiring a large amount of debt.

You can download the app to your iOS or Android device.

Affirm Credit Great Performance

The app promises no hidden fees, mounting interest payments, and penalties. They will also send you reminders when your payments are due, so you never miss one.

How Affirm credit works?

Affirm mobile app

After downloading the app, you’ll need to create an account by providing proof of identity. Your credit is only extended for the item you want to buy, and the company will determine your qualifications based on how likely you are to pay them back.

So if you have good credit, you’ll likely be offered a bigger loan (up to $10,000). The company holds the right to deny loans if they think that you have excessive borrowing behavior, which is often used to prevent people from using it as a high-limit credit card.

Then, you’ll pay Affirm back over 3, 6, or 12 months depending on which option you choose. Affirm uses loans made by a Member FDIC New Jersey chartered bank called Cross River Bank. You can use the app to manage your account, make payments on your investments, and make online purchases just about anywhere.

To use the app, you’ll first enter your purchase amount and where you are doing your shopping. They will give you Affirm virtual credit card to use and you’ll need to use it to complete your purchase. Your available interest rates and terms are shown during checkout, and you’ll need to submit a down payment to finalize your order. Purchases under $100 don’t offer good payback options, so this service is best for more substantial purchases. After you submit your order, the product will ship as it normally would.

Affrim Credit let people spend their money for online purchases, as easy as "push, read, confirm and enjoy". Check out cons and pros of using Affirm credit.


  • No hidden fees. The app does not charge any hidden fees, including late payment fees or annual fees. The price you see at checkout is the only price you’ll pay for each loan.
  • Flat interest rates. You can opt to repay back your loan over a 3, 6, or 12 month period and your rates will never go up.
  • Quick and easy to use. Your product will ship as it normally does as soon as you make a down payment. Then, you’ll have several months to pay it off. The app also guarantees that they employ encryption and information safeguards to keep your information safe.


  • No revolving line of credit. Affirm does not offer a revolving line of credit, which means that they don’t report their activity to the three major credit bureaus. Because of this, your credit won’t benefit by using the app even if you make payments on time. Also, if you start taking out too many loans, the app will shut you down until you pay off what you owe.
  • Not ideal for small purchases. Affirm is an excellent option if you need to make a big purchase, like buying a piece of furniture or plane ticket. But if you are using it to shop for small items online, such as books or even food, you won’t see much of a benefit.
  • You might pay less without it. Even though the app offers APR as low as 10 percent, you still might end up paying more using the Affirm card than you would with a standard credit card. Additionally, if you’re bad with money, the card still offers the same consequences as a regular credit card.


CreditNervana promises to keep our information as accurate and up-to-date as possible. However, you should always consult a financial advisor for specific questions about personal or business finances and investment opportunities, especially if you are looking in your area. Working with a trained professional who is familiar with your case is a safe and guaranteed way to make the best investment decision possible. Please review our terms and conditions before making any decision based on the information we provide. Financial institutions are constantly changing. Because of this, it’s a good idea to cross check the information you read here with any company you are considering working with.


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