How to Use Affirm At Walmart? (Every Thing You Need to Know)

There are different online retailers where you can buy items online. However, just a few are said to be reliable. Before you can classify an online retailer to be reliable, they have to meet up with some criteria. Some of them are having a lot of qualities of items to offer, good policies that are favorable to customers, varieties of products of different brands to give customers different options, etc. Another key feature for such online retailers is to have safe payment methods and different payment methods. Walmart is among the best brand that offers all these exciting features. When you shop with them you can even go ahead to buy and pay little by little.

Walmart’s Affirm can be simply described as a payment method used by customers of Walmart to pay for items they bought in installments. It is similar to the AfterPay offered by online-based companies too. However, this idea was initiated by Walmart to make sure their customers still buy items they desire even if they don’t have the financial means to pay up immediately or for customers who prefer paying in installments. There is an interest rate attached to it usually.

Are you planning to shop with Walmart so you can use Walmart’s Affirm? There are a lot of things you need to know about this payment method offered by Walmart. Read on so you can get all the answers to your questions concerning Walmart’s Affirm.

Table Of Contents

How to Use Affirm at Walmart in 2024?

Walmart’s Affirm is a payment method option available to use for customers of Walmart. In its simplest term, we can refer to it as a loan for shopping purposes at Walmart. You will need to apply for this loan and get approved first. You will be given a virtual card that you will use for shopping. Once you apply and you are approved for the loan, you will get a certain amount which will be loaded to this card. Afterward, you can start shopping and paying for items that qualify for this payment method.

One good thing with this payment method is that you can use it online and even in-store when you shop physically at Walmart. Since it is like a loan that you need to repay, you will get different repayment plans ranging from 3 months to 24 months. They usually come with interest within 0 to 30% APR. The interest rate is based on your repayment plan.

How Can I Make Use of Affirm at Walmart In-store?

It is a very simple procedure to follow. If you want to apply for this loan, you just need to head to Walmart's official website or Affirm website to apply for the loan. Follow the procedures carefully and finally pick your repayment plan. The moment you are approved, you can begin to scan the barcode that is single-use at the register. You can also make repayment online.

How Can I Be Eligible for Affirm at Walmart?

There are some criteria that you need to meet up with before you can get a loan from Affirm. When checking for your eligibility, they will check for your credit score, they will check for the duration that you have been using Affirm, and they will check for the interest rate of the merchant, and your previous loan with Affirm. It is not all applicants for this loan are approved. So if your loan was rejected, you will get an email from Affirm with all the reasons why you have not been approved so you can go and work on them. This enables you to stand a chance next time.

What Are the Interest Rate and Other Charges of Affirm at Walmart?

Giving you a rate has different factors that determine it. The eligible of your purchase and your loan eligibility always have a rate within 0% to 30% APR. One good about the brand is transparency. You will get to know the interest amount you need to pay and the term you want to use to repay the loan back. Another way of getting your rate and term is your total cart and your credit history before now. Rest assured, they will tell you everything you need to know about it before you apply. And still, tell how to go about it. There is always customer service to call for more information.

How Can My Affirm at Walmart Payment Schedule Be Determined?

There are different ways in which your payment schedule can be determined using Affirm at Walmart. The total of your cart can be used to determine your schedule, how eligible you are individual can also be used to determine the payment schedule.

For instance, if you have a total cart within $150 to $800, might get within 3 months to 12 months repayment plan. The logic behind this is, that the higher your total cart is, the higher the repayment period. When you have a big total cart worth, it is a sign of confidence that you have been buying from Walmart, and you are capable of spending and paying off your debt within the time. They will also check if you are eligible or not based on your history with Walmart, credit score, or other former loans settlement.

Can I Make Use of Affirm at Walmart When I Go for Physical Shopping In-store?

Fortunately, you can make use of this payment method through any kind of shopping means. If you decide to visit the Walmart store, you can use your virtual card where the loan has been loaded. You just need to use your virtual card at the counter to pay for the eligible items. Just like how you use the gift card to pay for items even when you get an electronic gift card, you will follow the same process but this time around using a virtual card. You can also make installment payments even when you purchase items from the Walmart physical store.

How Can I Make Use of Affirm at Walmart Virtual Card at the Walmart Store?

The moment this virtual card has been loaded with money, you can start using it immediately before it expires after 24 hours. When you want to make a payment, you just need to select the usual credit card option as a payment method and choose Affirm. There are different ways you can get the details or access your Affirm at Walmart virtual card. Get the Affirm App, through your online account with Affirm or through the text message that will be sent to your phone as confirmation.

However, there are simple steps to take when you want to make payment online after buying from Walmart. After shopping, head to the checkout section, choose the credit card as your preferred method of payment, then you just need to enter the virtual card number ( it is a 16-digit number), input your billing information, and checkout.

How Does the Affirm at Walmart Virtual Card Work?

Every company is trying to grow and develop due to advancements in technology. Affirm at Walmart virtual card is an online card that has been loaded with your loan in form of money. You can carry out the process using their website online or through the app.

This virtual card can only be used once. You can use the virtual card to pay in-store at Walmart or online purchase. Once the virtual card has been issued to you online, you have 24 hours to make use of it before it expires. You or Affirm and cancel the virtual card any time even if it has not expired. You should know that if you don’t use the virtual card to buy anything after it has expired or when you cancel it before 24 hours, you will not be owing Affirm because you have not used it.

Sometimes you might end up not using all the amount on the virtual card before it expires, the amount you did not use will not be added to the repayment amount. Affirm will refund themselves automatically when the card expires.

What Are the Items Eligible for Affirm at Walmart?

First of all, you need to shop from Walmart only, then not all items are eligible for payment using this method. You can pay for furniture, apparel, automotive, sporting goods, toys, electronics, and many more. You can check out all the items from the official website of Walmart. You should know that once an item that did not fall under eligible items, you might be unable to pay. You should check out all the possible qualified items.

Are Groceries Eligible with Affirm at Walmart?

Not all items that you can find on Walmart are eligible for Affirm Walmart. Unfortunately, groceries fall under this group. You cannot use Affirm Walmart to pay for your groceries. More expensive items are most likely to be eligible. For instance, you don’t need much assistance in paying for a $5 item. Most eligible items fall under the range of $149.99 to $1999.99. A lesser amount of items fall under groceries, tobacco, alcohol, firearms, personal care, pharmacy, and so on.

Will Affirm at Walmart Affect Your Credit Score?

When you have an account with Affirm at Walmart, you don’t have to worry because your credit score will not be affected. The brand knows how important credit score is important to customers and they are very protective of their customers. However, the fact that it will not affect your credit score does not mean you will go ahead to default.

If you default on repayment, your credit score will end up being affected. So it is better not to default. As simple as it is, Affirm at Walmart is a loan that requires you to pay up as at when due. Since they don’t affect your credit score, your credit score will not be better even if you don’t owe or you have been settling your debt.

How Good Can My Credit Score Be Before My Affirm at Walmart Loan Is Approved?

We have found out that you don’t need to have an excellent credit score before your Affirm at Walmart loan will be approved. However, you can easily carry out a soft loan check using your credit score. The brand does not have a minimum credit score before you can get a loan with them. Based on research, we found out that having a credit score of about 640 has a very high chance of getting their loans approved. You should also know that a low credit score might get you rejected for the loan and some other similar financing services offered by Affirm.

How Safe Is Affirm at Walmart?

Affirm Walmart is a method of payment just like others. However, this one functions as buy now and pay later. However, when you buy, you can pay the amount at checkout. Doing this means you have settled your shopping fees but you still need to pay back gradually. It is a safe payment method. However, you don’t have to share your virtual card number with anyone, you don’t have to share your login details to your online account with anyone for safety purposes.

Can I Pay My Affirm at Walmart Loan Very Early?

Yes, you can easily pay up your loan with Affirm loan even if your repayment period is not over. You will not be charged any additional fees for paying too early. When you decide to pay your loan off before your due date, you will not be charged for the months after you cleared. For instance, if you are to pay for 3 months and you paid all your loans in the first month, you will pay the interest rate of the first month but you will not pay the interest for the remaining two months.

Conclusion

You might be very familiar with the popular saying “buy now and pay later.” This is exactly how Walmart’s Affirm works. You apply for a loan to Walmart’s Affirm, you get approved, your Affirm Walmart virtual card is loaded with the approved amount, you pay for the items within 24 hours either Walmart online or Walmart in-store, and then you get the rate and term of repayment. The procedures are very simple. With all the answers provided about Affirm Walmart, you will be able to get access to this feature when you shop with Walmart.