Don’t worry… we know it can be confusing. Here’s a bit more info to try and ease your fears & help you understand exactly what this offering is! Affirm quotes rates in terms of APR which, in the case of Affirm, would be the total interest paid over the course of a year assuming the entire principal balance remained unpaid for the entire year. With your Affirm purchase, you'll be making monthly payments over 3 or 6 months which reduce the balance that interest is calculated on each month. Your actual interest paid on the purchase will be significantly less than the APR multiplied by the ticket price.
Example: 4 Day GA Paradise Pass
Base Price: 229.50
Order Total Paid Up Front Without Affirm: $268.46
10% APR paid over 3 months: $90.99/month, $272.97 TOTAL
10% APR paid over 6 months: $46.07/month, $276.42 TOTAL
30% APR paid over 3 months: $94.04/month, $282.12 TOTAL
30% APR paid over 6 months: $48.77/month, $292.62 TOTAL
You'll see that even at 30% APR paid over 6 months (highest possible rate), the total cost is approximately 9% higher that the normal order total paid up front.
We know APR and all of this stuff can be kind of tricky, so if you still have questions, be sure to ask Affirm directly by writing email@example.com! See you in the portal!