Costco is introducing a new “buy now, pay later” option for its customers, partnering with Affirm to provide personalized monthly payment plans. Starting this week, members can undergo a quick eligibility check before selecting from plans that allow them to split purchases into manageable installments.
However, there’s a catch: sales must be between $500 and $17,500, excluding small purchases. Pat Suh, an official at Affirm, notes that this isn’t a limitation for Costco customers, who often buy in bulk and spend above these amounts regardless. The service aims to help customers plan ahead for larger purchases without hidden fees.
This new option comes as many Americans turn to “buy now, pay later” platforms due to economic uncertainty and inflation. Similar partnerships have been seen between Klarna and DoorDash, allowing users to pay for food in installments. Costco’s announcement follows recent sales growth data, which showed a slowdown in April compared to March.
Source: https://nypost.com/2025/05/17/lifestyle/costco-implements-revolutionary-buy-now-pay-later-plan-for-customers-but-theres-one-catch