This is not a false alarm. Costco now allows its members to use the installment payment app Affirm when checking out on its website.

The new Buy Now, Pay Later option will also charge interest, with APR rates between 10% and 36%. A $500 purchase at 20% APR, with payments spread out across 6 months, for example, will cost $88.27 per ...

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According to Fox Business, Costco members can "pay over time" for items between $500 and $17,500. It's all part of Affirm's ...