Affinity Plus Introduces Installment Payment Option for Credit Cards
Affinity Plus Federal Credit Union is now offering its members an installment-payment option on qualifying credit card purchases, giving them affordability and predictability with paying off larger purchases. These qualifying purchases can range from $100 and $9999.99.
"We wanted to provide an opportunity for our members to be able to budget better for larger purchases on their credit cards, so they can pay off the debt in a timely manner. This ultimately allows for predictable payments and savings on interest," said Nic Peterson, Vice President of Payment Systems at Affinity Plus.
The new installment payment option gives Visa® Premier Select Rewards and Premier Classic cardholders 3 options to break up their eligible purchase over multiple payments. If the option applies to your purchase, it will include 3 fixed rates tied to 3 terms, rangng from 3 to 18 months.
Once the member selects the rate and the term, this fixed monthly amount for the qualified purchase is added to their minimum monthly payment obligation.
"With terms and rates specific to the purchase, the installment payment option on qualifying purchases can keep more of our members' money in their own pockets," Peterson said.
About Affinity Plus Credit Union
Based in St. Paul, Minn., Affinity Plus Federal Credit Union is a not-for-profit, financial cooperative that puts people first above profits. Members of Affinity Plus receive maximum value through competitive rates, minimal fees, and unique, member-centric products and programs. Established in 1930, Affinity Plus has 30 branches located throughout Minnesota and is owned by more than 250,000 members. Affinity Plus has more than $4 billion in assets. Additional information is available at www.affinityplus.org or by calling (800) 322-7228.