US AFFIRM — Affirm Bank Charge Explained

US AFFIRM on your bank statement is a transaction descriptor for Affirm, a finance company. Affirm is a US Buy Now Pay Later provider letting you split a purchase into instalments, so a charge is usually one payment of a plan you set up at checkout with another retailer. The bank descriptor 'CV5FR2USAFFIRM' is a payment-processor code used for Affirm instalment charges.

What Is the US AFFIRM Charge?

US AFFIRM is a transaction descriptor for Affirm, a finance company.

Affirm is a US Buy Now Pay Later provider letting you split a purchase into instalments, so a charge is usually one payment of a plan you set up at checkout with another retailer. The bank descriptor 'CV5FR2USAFFIRM' is a payment-processor code used for Affirm instalment charges. Several Affirm entries can appear if you have multiple plans running, and missed payments may incur fees.

This code appears on your bank statement because banks display a short payment reference — set by the merchant's payment processor — rather than the company's full trading name. The code US AFFIRM is the official identifier that Affirm registered with Visa or Mastercard.

Is the US AFFIRM Charge Legitimate?

Affirm has received mixed reviews and reports of unexpected charges. If you do not recognise this charge, we recommend contacting your bank immediately to dispute it and request a chargeback. You do not need to contact the merchant first.

How Do I Cancel or Dispute a US AFFIRM Charge?

  1. Identify the charge: Confirm the charge is from Affirm by checking your email for a receipt or logging into your account on their website.
  2. Cancel your subscription: If you no longer want the service, log in to Affirm and cancel your subscription through account settings before the next billing date.
  3. Contact the merchant: If you do not recognise the charge, contact Affirm customer support and ask for an explanation and refund.
  4. Dispute with your bank: If the merchant does not resolve the issue, call the number on the back of your card and ask to raise a chargeback on the US AFFIRM transaction. Provide the transaction date and amount.
  5. Section 75 rights: If you paid by credit card and the amount was over £100, you may have additional protection under Section 75 of the Consumer Credit Act 1974.

What Other Names Does Affirm Use on Bank Statements?

Affirm may also appear on your statement as:

Frequently Asked Questions About US AFFIRM

What is US AFFIRM on my bank statement?

US AFFIRM is a bank statement transaction code for Affirm, a finance company. Affirm is a US Buy Now Pay Later provider letting you split a purchase into instalments, so a charge is usually one payment of a plan you set up at checkout with another retailer. The bank descriptor 'CV5FR2USAFFIRM' is a payment-processor code used for Affirm instalment charges. Several Affirm entries can appear if you have multiple plans running, and missed payments may incur fees. This descriptor appears because banks display a shortened payment code instead of the full company name.

Is US AFFIRM a scam?

Affirm has received mixed reviews and reports of unexpected charges. If you do not recognise this charge, we recommend contacting your bank immediately to dispute it and request a chargeback. You do not need to contact the merchant first.

Why is US AFFIRM on my bank statement?

US AFFIRM appears on your statement because Affirm processed a payment through their card payment provider. The code is set by their payment processor and is the official descriptor registered with Visa or Mastercard. Common reasons include a subscription renewal, a one-off purchase, or a trial period that has converted to a paid plan.

How do I cancel US AFFIRM?

To stop US AFFIRM charges from appearing on your statement, you need to cancel your Affirm subscription or account. Log in to the Affirm website, go to your account settings, and cancel your subscription. If you cannot find the cancellation option or do not recognise the charge, contact your bank to dispute it and block future payments.

How do I get a refund for a US AFFIRM charge?

If you believe you have been charged incorrectly by Affirm, first contact their customer support to request a refund. If they are unresponsive or unhelpful, contact your bank and ask to raise a chargeback. You typically have up to 120 days from the transaction date to raise a chargeback claim. For credit card purchases over £100, you may also be protected under Section 75 of the Consumer Credit Act.

For more information about Affirm and all its known transaction codes, visit the Affirm merchant page.