Affirm (NASDAQ: AFRM), the payment network that empowers consumers, has announced that through its partnership with American Airlines, eligible travelers have “added flexibility to purchase flights and pay over time with Affirm.”
As mentioned in a release shared with CI, Affirm aims to offer this flexibility to American Airlines clients “just in time for holiday travel season.” According to the Affirm Consumer Spend Report, over 50% of consumers would rather “take a getaway than have a traditional family get-together this holiday season.”
Silvija Martincevic, Affirm’s Chief Commercial Officer, stated:
“While consumers are as eager as ever to get away, they remain conscious of fitting travel into their budget. According to a recent Affirm survey, 74% of Americans say they’ll spend more on travel this holiday season than ever before, while 60% are concerned that they can’t afford to travel as they would like to. We’re thrilled to partner with American Airlines to bring travelers the added payment flexibility, transparency, and control they expect during the holiday season and beyond.”
By choosing Affirm at checkout, approved American Airlines clients are able to split the total cost of flights “over $50 into monthly payments.” As is always true with Affirm, consumers are shown the total cost of their purchase and will “never pay more than they agree to upfront,” the announcement noted.
Affirm also “never charges consumers any late or hidden fees, and any interest is represented in a dollar amount and never increases,” the company clarified.
Select clients will now see Affirm as a payment option “for eligible airfare at checkout on aa.com, and Affirm will be more broadly available to U.S. customers in the coming weeks,” the update confirmed while adding that American Airlines joins more than 29,000 Affirm merchant partners, including Ikon Pass, Target, Vrbo, Vacasa, Walmart, and more to offer customers flexible payment options.
As previously reported, Affirm’s goal is to provide “honest financial products that improve lives.”
By building a new kind of payment network — one based on trust, transparency and putting people first — Affirm aims to “empower millions of consumers to spend and save responsibly, and give thousands of businesses the tools to fuel growth.”
Unlike credit cards and other pay-over-time options, Affirm claims that it shows consumers “exactly what they will pay up front, never increase that amount, and never charge any late or hidden fees.”