Americans lean on credit cards and buy now, pay later as gas prices eat bigger share of income

[TheVig]

Americans lean on credit cards and buy now, pay later as gas prices eat bigger share of income

 

 "As it turns out, the people that tend to use buy now, pay later tend to have less borrowing space on their credit cards."

 

[MP80]

I used that Klarna card only once, back in November of last year. After conducting a "soft pull" on my credit report via TransUnion and subsequently approving my application, Klarna locked in my linked primary payment card, designating it as the default payment method for any future purchases.

Furthermore, they aggressively push users to apply for a physical Klarna card—a card for which they charge a monthly fee.

 

I do not recommend applying for flexible payment cards or debit cards in the "Buy Now, Pay Later" (BNPL) category unless you have an urgent, practical need for them or are facing financial hardship and require such tools to alleviate the pressure. My primary motivation for applying for the card at the time was to take advantage of a fantastic promotional offer on McAfee antivirus software, which ultimately saved me $80.

 

Consequently, unless Staples’ online store offers a similarly compelling promotion again, I will no longer be using Klarna.

[ShawnPY1972]

I have an account with both klarna and affirm.  I liked using them prior to their companies reporting to credit bureau reports.  Now they report I don't use them anymore.