您现在的位置是:時尚 >>正文
【】
時尚5人已围观
简介Affirm is the first BNPL (Buy Now, Pay Later) service to be available directly through Amazon Pay, a ...
Affirm is the first BNPL (Buy Now, Pay Later) service to be available directly through Amazon Pay, and shoppers love it. Last year, BNPL orders increased by 85 percent during Cyber Week compared to the week before, while revenue increased 88 percent. And during last year's Amazon Prime Day there was a 20% increase in BNPL use from the previous year. With inflation still wreaking havoc, it's no stretch of the imagination to assume that Affirm use will remain high for Prime Day 2024.
The ability to pay for items in installments can sweeten your Prime Day prospects. But before going BNPL-wild on your haul, there are some factors to consider about Affirm versus other BNPL apps, as well as the advantages and disadvantages of using these tools in general.
SEE ALSO:Prime Day 2024: When it's happening and everything else we know so farWhy Buy Now, Pay Later is so appealing
Layaway programs were popular with shoppers in the '90s until they were overtaken by credit cards. But there is a key difference between layaway and BPNL. When you put an item on layaway, it was held for you until you paid it off, at which point you could take it home. With BPNL, you get the goods shipped to you right away but then pay off that item in installments.
When combined with Amazon's typically lightning-fast shipping and Affirm's lack of late fees, BPNL can make big purchases feel easier to stomach.
Affirm's interest rates typically range from 0 to 30% APR based on your credit and payments can be spread out over three to 48 months. Different plans are available for different purchase amounts, and the minimum purchase amount to use Affirm is $50. Affirm's APR calculator can help you estimate how much interest you'll rack up on a certain purchase, which could hit $100 or more if you get a loan for, say, a pricey piece of furniture.
Related Stories
- How to contact Amazon's customer service for Prime Day purchases
- Amazon Prime Day is just around the corner — here's how to find the best deals
- Amazon just announced the exact dates of Prime Day 2024
- How to delete your Amazon account
- How to cancel your Amazon Prime membership
When it's wise to buy now and pay later
There are moments when BPNL is a good choice:
For some big purchases, using BNPL services may make sense. Breaking up the cost of big investments like a new MacBook Pro or premium robot vacuum can be easier to manage over time rather than laying down the whole amount in one go.
Using BNPL services on necessities like groceries depends on your habits. Habitually funding little daily expenses (like Starbucks) with an installment app can trigger a domino effect of debt, but may work better if you're buying something like toilet paper in bulk.
When used responsibly, apps like Affirm can also help you work around the timing of your paycheck and monthly costs that require up-front payment, like rent. Be aware that Affirm's "soft inquiry" to determine your credit won't affect your credit score, but the company doesn't promise not to report your payment history to credit bureaus. To make sure you always pay on time, we recommend turning on automatic payments and confirming that your payment method won't expire over the pay period.
When you shouldn't buy now and pay later
There are times when you should absolutely avoid relying on BPNL:
Before purchasing with BPNL, consider whether you'd buy that item if you didn't have the option to break up the payment.
Don't snag something just to hit Affirm's $50 minimum.
Make a wishlist ahead of time if you have to, and hold yourself accountable. The devil on your shoulder saying "You need this, though" can get louder when something is on sale. Especially during big shopping events like Prime Day, you don't want to cancel out your savings with a serotonin booster that you didn't know existed five minutes ago.
Impulse purchases may feel less risky at the moment, thanks to tools like Affirm. But they can swiftly feel unnecessary once the Affirm reaper returns for payment month after month. Making a series of small payments can create the harmful illusion that you're spending less money. While that's technicallyaccurate (and admittedly blissful) for the first few months, you'll still be spending the same amount of money by the time you've paid out every installment.
TopicsAmazonBlack Friday
Tags:
转载:欢迎各位朋友分享到网络,但转载请说明文章出处“夫榮妻貴網”。http://new.maomao321.com/news/46d999944.html
相关文章
Manchester police tweet mysterious handbag poser, leaves Twitter puzzled
時尚The police force in Manchester, UK, has left Twitter users puzzled after posting a picture of a larg ...
【時尚】
阅读更多Refugees, Europeans stare at each other for 4 minutes in moving video
時尚Try to watch this video without shedding a tear. It revolves around a simple but poignant theory, de ...
【時尚】
阅读更多Bose gets serious about wireless headphones, debuts 4 wildly different models
時尚Bose has done a good job in recent years of keeping its venerable brand current with tech-savvy prod ...
【時尚】
阅读更多
热门文章
- Shakespeare plays reimagined with furry animals are a thing to behold
- Refugees, Europeans stare at each other for 4 minutes in moving video
- NFL GM says humans aren't meant to play football, backtracks faster than Cam Newton
- Singapore now has vending machines that sell books
- What 'Overwatch' needs to change to be a better esport
- The future of ultra
最新文章
Facebook missed a big opportunity with end
Breaking down Bran's bizarre vision from the latest 'Game of Thrones' epsiode
Man in massive penis costume sneaks onto live CNN broadcast
Paul Ryan just wants Republicans to unite 'before the fall'
Honor 8 smartphone with dual
Mumbai artist reimagines the city with playful monsters