Credit Cards vs. BNPL Services: What to Know in 2024
Payment options for consumer goods and services abound. Credit cards are most common. According to data collected by the Federal Reserve, roughly 69% of Americans had such an account in the second quarter of 2023. But buy now, pay later (BNPL) plans are also becoming popular. A Morning Consult survey found that 1 in 5 U.S. adults said they made a purchase with one of these short-term loans in August 2023. So should you use a credit card or a BNPL to get what you want?... read more »