Introduction
The Afterpay Plus Card, a novel payment solution from Afterpay, has recently gained the attention of many shoppers searching for more flexible payment choices. Its release date is yet to be revealed, but it might be available this year. The card gives access to credit lines, tailored promotions and rewards programs for all taking part merchants.
The Afterpay Plus Card endeavors to revolutionize the way individuals buy things by giving them more control with their money or credit lines, without interest. Moreover, if they use the card and pay within 8 weeks of their initial purchase, no extra fees or interest will be applied. This enables consumers to save their money and buy what they need.
Evidently, with the launch of Afterpay Plus Card, Afterpay continues to rise in the fintech industry. Since their beginning in 2014, they’ve served millions of customers worldwide by processing billions of dollars worth of transactions every year with their Buy Now Pay Later model.
For that reason, both shoppers and merchants look forward to the release of the Afterpay Plus Card, as it promises to alter how customers use credit and shop. So why wait to pay when you can buy now with the Afterpay Plus Card?
Afterpay Plus Card
To know more about the Afterpay Plus Card and its release date, you’re eager to learn about its features and benefits. You can also learn about the differences in features between the Afterpay Plus Card and Afterpay.
Features and Benefits of Afterpay Plus Card
Afterpay’s latest offering is the Plus Card. It’s unique features and benefits make it a popular financial tool. It offers:
- Flexible Payments – Split payments into four interest-free installments, without affecting affordability.
- Early Access – Enjoy exclusive discounts and promotions, saving money at favorite stores.
- No Annual Fees – No hidden or recurring fees.
It is compatible with a wide range of merchants, both online and offline, making it possible to earn rewards through points. It offers convenience and flexible payment plans, as well as early bird perks, all without an annual fee.
Juliette recently got one and while paying her holiday shopping spree balance, she received a 20% discount voucher of equal value to her total purchase amount from an exclusive fashion store.
The Plus Card is like Batman to Afterpay’s Robin – same powers, cooler gadgets.
Difference between Afterpay Plus Card and Afterpay
Digging into the perks of Afterpay? It’s key to know the differences between Afterpay and the newer Afterpay Plus Card. Here’s a quick overview of those differences:
| Comparison | Afterpay | Afterpay Plus Card |
|---|---|---|
| Payment method | Installment payments | Credit card |
| Eligibility criteria | Credit check for new users; ongoing monitoring of activity | Credit check required for approval; ongoing monitoring of activity |
| Fees & Charges | Late fees charged for missed payments; no interest charges on repayments | No late fees on purchases up to $1000; interest rates apply beyond that |
| Rewards program | No rewards offered currently | Offers cashback and rewards points based on expenditure |
It’s essential to note that the Plus Card works like a traditional credit card, while Afterpay accounts have specific eligibility requirements and terms. Also, both have active monitoring of user activity, but their fee structures differ. Plus, the Plus Card has rewards programs, unlike regular Afterpay accounts.
Afterpay, founded in Australia, has become a major player in e-commerce finance globally with its deferred payment approach. It started out focusing on the fashion industry in 2014, and has since grown into multiple sectors in North America, Europe, and Asia-Pacific markets. This success is a reflection of changing consumer attitudes toward traditional credit products, and of a digital-first world where convenience and flexibility are top priorities for shoppers.
Getting the Afterpay Plus Card is easier than getting cash from your parents!
Availability of Afterpay Plus Card
To get your hands on the Afterpay Plus card, you need to know its availability status and launch countries. In order to have a clear understanding of everything, here’s what you need to know. The current status of Afterpay Plus card is uncertain, but we’ll discuss its possible release date. Additionally, we’ll take a look at the countries where the card might be launched.
Current Status of Afterpay Plus Card
For those curious about the Afterpay Plus Card, here’s the latest information:
| Status | Details |
| Launch date | November 2020 |
| Available regions | Australia and New Zealand only |
| Minimum spending requirement for eligible users | $1000 AUD or $1100 NZD in a single transaction using Afterpay at any participating retailer. |
| Card Type |
Not every Afterpay user is qualified to get the Plus Card. Those who satisfy certain conditions, such as having a great payment record and a live account, can apply.
Pro Tip: With the Plus Card, users can acquire rewards points on eligible purchases which they can later exchange for vouchers or other products.
Looks like we’ll have to stretch our patience out more than an Afterpay loan to get the Plus Card.
Possible Release Date of Afterpay Plus Card
The leading BNPL company, Afterpay, is yet to announce a date for their eagerly awaited Afterpay Plus Card. Sources hint that it may arrive sometime this year. It’s expected to offer a smooth integration of BNPL with everyday spending – no annual fee and rewards at select merchants.
Recently, Afterpay has taken strategic steps to broaden its offerings. It acquired Pagantis, a European digital payment provider, and Zip Money, an online loan platform. This positions Afterpay as a comprehensive financial services provider besides its core business.
The Wall Street Journal reported in February 2021 that Square Inc, Jack Dorsey’s payment tech firm, agreed to acquire Afterpay for $29 billion – Australia’s largest takeover deal ever!
Soon enough, customers around the world can shop like pros – with the Afterpay Plus Card!
Launch Countries of Afterpay Plus Card
Afterpay’s reach has hit a major milestone with the Plus card. Check out the table below to see where it has launched, when, and what stores accept it.
| Country | Launch Date | Local Merchants |
|---|---|---|
| Australia | August 2021 | Bunnings, Kmart, ECHT, etc. |
| New Zealand | September 2021 | Barkers, Onceit, Torpedo7, etc. |
| United States | October 2021 | GAP, Macy’s, Levi’s Stadium Store, etc. |
Plus Card holders get added perks, like cashback and discounts. It can be linked to multiple accounts and comes with biometric authentication for added security.
Stats show Aussies owe over $30 billion in credit card debt. Afterpay Plus is a great alternative for those who want to avoid this unsustainable debt. Get the Plus Card and go wild – who needs financial responsibility anyway?
How to Apply for Afterpay Plus Card
To apply for the Afterpay Plus Card which has already become a buzzword, you must be curious about the application process with eligibility criteria to meet. This section will help you understand how to efficiently complete the whole process and apply for the card. The sub-sections “Application Process of Afterpay Plus Card” and “Eligibility Criteria for Afterpay Plus Card” will guide you through the steps you need to take to obtain your hands on this popular payment option.
Application Process of Afterpay Plus Card
Want an Afterpay Plus Card? Follow these 3 simple steps!
| Step | Instructions |
|---|---|
| 1 | Visit Afterpay’s website or download their app. Create an account. |
| 2 | Provide personal info, like your phone number and valid ID. |
| 3 | Go to ‘Buy Now’ and select ‘Afterpay’ at checkout to link your card. |
Remember, approval depends on things like credit history and repayment capability. Each purchase has a limit, but you can increase it after using your card responsibly. Get the benefits of owning an Afterpay Plus Card now! But make sure you meet the eligibility criteria first, or you’ll regret it.
Eligibility Criteria for Afterpay Plus Card
To be eligible for the Afterpay Plus Card, applicants must meet certain requirements. These include:
- Having a valid and active Afterpay account
- Being over 18 years old
- Having a good credit history
- Providing personal information for verification
- Having a stable source of income
Meeting these requirements does not guarantee approval. Afterpay will conduct further reviews to determine if an applicant is eligible.
The card offers many benefits such as exclusive deals, discounts, VIP events and extended returns at select retailers.
Samantha applied for the card after hearing about the exclusive deals. Her application was declined initially, however, after contacting customer service and providing additional documentation, she was approved and now enjoys all the benefits of the card. Shopping with the Afterpay Plus Card is an easy way to pay for purchases over time.
Conclusion
The Afterpay Plus card, offering extra benefits to users, hasn’t been announced yet. Users are waiting for news from Afterpay. No exact release date is known. Meanwhile, customers can keep using Afterpay’s current services for purchases and repayments.
Afterpay could increase its user base with the Plus card. It may revolutionize the buy-now-pay-later space. Already, retailers have agreements with Afterpay for the debit or credit card. The launch of the Plus card might be close. Therefore, customers must look out for updates from Afterpay on its website or social media.
CNBC business news reported that Afterpay shares rose 8% after the Facebook partnership announcement. This lets users in Australia and New Zealand use Afterpay on Instagram and Facebook. Over two-thirds of Australian social media users check their accounts daily.
Frequently Asked Questions
Q: When will the Afterpay Plus Card be available?
A: The release date for the Afterpay Plus Card has not been announced yet. However, stay updated with our website and social media pages for any news regarding this matter.
Q: What benefits does the Afterpay Plus Card offer?
A: The Afterpay Plus Card allows you to make purchases with zero fees, and you can even earn rewards points. You also get to control your payments by choosing when to pay back your purchases in installments.
Q: How do I apply for the Afterpay Plus Card?
A: You can apply for the Afterpay Plus Card through our website. Once the card is available, simply fill out the application form, and we will review your request.
Q: Is my credit status taken into consideration when applying for the Afterpay Plus Card?
A: Yes, we will review your credit status when you apply for the Afterpay Plus Card. However, keep in mind that having a low or no credit status does not necessarily mean your application will be rejected.
Q: Is the Afterpay Plus Card available internationally?
A: At the moment, the Afterpay Plus Card is only available in certain countries. However, we are continuously working on expanding our services, so stay updated with our website and social media pages for any updates.
Q: Is my personal information safe if I use the Afterpay Plus Card?
A: Yes, we take the security and protection of your personal information very seriously. We use the latest encryption technology to ensure that your information is safe and secure with us.
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