All of the “buy now pay later” or pay in installment schemes/apps popping up, supposedly they are popular but I don’t get it, it is just a worse credit card.
The longer time to pay makes sense but the cards I have dont charge me for having them, I know availability of cards may vary though, some people might not have decent card options, I guess it makes sense.
Probably varies by country. My gold card was something like 5 euros a month which isn’t a whole lot, but it’s still money for something that only serves to make it way too easy to take on debt and has little other value.
They’re all interest free in my country, but if you need a longer period, you can get an installment plan that has an interest rate comparable to a credit card.
The screenshot shown references nothing about a payment plan or a 69% APR. What am I missing?
All of the “buy now pay later” or pay in installment schemes/apps popping up, supposedly they are popular but I don’t get it, it is just a worse credit card.
Ah ah ah! It’s another credit card. People with no self controle love that.
With credit cards you’d have to pay in full next month or pay interest. Here the installment plans go to to 3 or 6 months without interest.
You also don’t need to own a credit card so no need to pay that monthly fee.
The longer time to pay makes sense but the cards I have dont charge me for having them, I know availability of cards may vary though, some people might not have decent card options, I guess it makes sense.
Probably varies by country. My gold card was something like 5 euros a month which isn’t a whole lot, but it’s still money for something that only serves to make it way too easy to take on debt and has little other value.
Not all of them are without interest. In fact, the ones you’ll find the most are quite usurious.
They’re all interest free in my country, but if you need a longer period, you can get an installment plan that has an interest rate comparable to a credit card.
The lack is itself a reference to how many times OP has 69d (zero)