Affirm Card: The BNPL Baby That's Growing Up Like It Has a Cheat Code

Key Takeaways Affirm's cash-flow underwriting boosts approvals for younger users with thin credit files.Affirm Card drives 135% GMV growth as 0% APR offers gain stronger traction.Affirm captures more discretionary spend, pointing to a long runway for card expansion.Affirm Holdings, Inc.’s (AFRM) Affirm Card continues to emerge as one of its most powerful growth drivers, with management calling it a “favorite child” and highlighting its accelerating penetration. In the first quarter of fiscal 2026, Direct-to ...