US Edition
Should I ditch my credit card for BNPL?
UNITED STATES, JUL 11 – Buy Now, Pay Later loans offer lower short-term costs but lack the consumer protections and rewards that credit cards provide to over 80% of US adults, Federal Reserve data shows.
- As of July 4, 2025, major buy now, pay later plans in the U.S. offer six-week zero-interest terms with no fees, contrasting with typical credit cards that carry a 21.37% interest rate and various fees.
- BNPL has grown partly because these plans allow upfront partial payments and interest-free installments, while credit cards benefit from longer histories and stronger consumer protections since the 1950s.
- Despite BNPL's popularity—around half of Americans have used it and nearly two-thirds of Coachella attendees paid with BNPL—credit cards still offer broader rewards, protections, and features for long-term spending.
- BNPL loans cost less if paid within the zero-interest term but can become expensive if rolled into longer terms with high rates, and experts caution that BNPL can trap careless spenders without strong repayment plans.
- New regulations, such as those enacted in New York and the CFPB’s May 2024 ruling classifying BNPL lenders as card issuers, aim to impose guard rails, though BNPL currently remains less regulated than credit cards in the U.S.
64 Articles
64 Articles
NEW YORK — Hundreds of millions of "buy now, pay later" loans will soon affect the credit scores of millions of Americans who use them to buy clothes, furniture, concert tickets, and takeout.
kreiszeitung.de
According to a frantic study, one in five young people is already in debt. On the net, the payment app Klarna is often held responsible.
Should I ditch my credit card for BNPL? | News Channel 3-12
Tada Images // Shutterstock Should I ditch my credit card for BNPL? Buy now, pay later (BNPL) is popping up everywhere. An April 2025 LendingTree survey found that around half of Americans have used BNPL, and around 1 in 3 have used it more than once. Buyers aren’t just using it for essentials either, with a Billboard report finding that nearly 2 in 3 attendees at this year’s Coachella festival used BNPL to buy their tickets. Credit cards, the g…
Tulsa World
Should I ditch my credit card for BNPL?
Finder.com reports that BNPL can be cheaper short-term than credit cards, but credit cards offer more consumer protections and rewards.
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