Affirm Working on Affirm Plus Subscription

Affirm, the buy now, pay later (BNPL) company, is working on a new paid subscription service called Affirm Plus based on finding in their code. For $7.99 per month, Affirm Plus members will receive the following benefits:

• 0% APR on plans totaling up to $2500

• A 4.75% APY rate on savings

• The ability to keep 0% APR on any plans started during their membership

Affirm Plus would be a significant expansion of Affirm's existing BNPL service as it is the first paid subscription service offered by the BNPL company.

Affirm Plus will most likely be available to all US residents who are at least 18 years old and have a good credit score.

Here is a more detailed breakdown of the benefits of Affirm Plus:

• 0% APR on plans totaling up to $2500: Currently 0% APR purchases on Affirm are only for well qualified buyers up to a year.

• A 4.75% APY rate on savings: This is a very competitive interest rate for a savings account. It is much higher than the interest rates offered by most traditional banks.

There is no word yet on when Affirm might launch Affirm Plus.