Community Chat

[Jordan2]

I was thinking about purchasing a cellphone from Mint Mobile ( which is my carrier) and they offer payment with Affirm. I don't know anything about it and would appreciate any feedback anyone could offer. Is this like a credit card, can you be turned down applying for it? Do they charge interest, is it safe?

[San Antonio Gal]

I don't know a lot about it, but it must be some type of credit because it is reported to your credit report.

[Kachina624]

Probably something like the PayPal plan where you can extend your payments.  Google it.

[Snowpuppy]

I've never used Affirm but my understanding is it is expensive, 18 % + based on your credit so yep, you can be turned down. They do not issue a cc.

Do they offer PayPal Pay in 4? No interest or fees but the bill is broken down into 4 bi-weekly payments. 

[Jordan2]

@Snowpuppy no PayPal, either Affirm or pay in full with your credit card. 

[Kachina624]

@Jordan2.  I use PayPal for nearly all my online purchases except QVC.  I don't want a credit card on file with every merchant from whom I buy, plus they've gotten me out of some scammey situations.  I've used them over 20 years with no problem but never used the extended pay.

[willdob3]

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@Jordan2 wrote:

I was thinking about purchasing a cellphone from Mint Mobile ( which is my carrier) and they offer payment with Affirm. I don't know anything about it and would appreciate any feedback anyone could offer. Is this like a credit card, can you be turned down applying for it? Do they charge interest, is it safe?

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@Jordan2  I've purchased from companies that use Affirm before and they are safe. I I used them when I bought a new bed last year and would have been charged interest but I paid in full the same day. I was afraid my bank would not let me purchase if I tried buying anything that expensive...

[Snowpuppy]

I did a quick look and sadly Affirm is their only financing option for "eligible customers".

My guess is Mint gets a kickback from the phone mfg and from Affirm.

[JoyFilled Warrior]

Hi @Jordan2  

This doesnt answer your question, but I was wondering -

     Would Mint Mobile allow to you purchase your own choice of UNlocked Cell Phone from which ever store/location you want, and then let Mint Mobile hook you up with their Internet Service Program using your new UNlocked Cell Phone? 

     If this is allowed, sometimes, the Internet Carrier might charge a fee to hook up an UNlocked Cell Phone to their Service.

[elated]

Affirm is an installment  loan with a fixed payment schedule.. If you pay within 4 months, there is 0 interest.. If you choose longer terms from 3- 60 months depending on purchase the interest rate could be 0-36%. They do a soft credit check and if approved they do a hard check.