Buy Now, Pay Later The New Credit Card?!

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Buy Now, Pay Later vs Credit Cards 💳 | How Klarna, Affirm & Afterpay Really Make Money

Buy Now, Pay Later (BNPL) services, such as Klarna, Affirm, and Afterpay, are rapidly changing how consumers spend, often replacing credit cards for everyday purchases. But how do BNPL companies make money, and is this really better than using a credit card?

In this video, we break down:
- How BNPL compares to credit cards
- The hidden costs of 0% financing
- Why lenders are targeting people with low credit scores
- How providers like Affirm make money on each transaction
- Risks for consumers and what the CFPB is watching closely
- The role of credit scores, FICO reporting, and regulation
- Why BNPL has grown 20x since 2019

We’ll also explore why some shoppers are choosing BNPL over traditional credit card rewards, and what that means for the future of personal finance and digital lending.
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Advertiser Disclosure: Some of the card links and other products that appear on this website are from companies which AskSebby will earn an affiliate commission or referral bonus. AskSebby is part of an affiliate sales network and receives compensation for sending traffic to partner sites, such as CreditCards.com. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear). This site does not include all credit card companies or all available credit card offers.
The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available

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Видео Buy Now, Pay Later The New Credit Card?! канала AskSebby