KingU.S. consumers are so fucked up, that they put more than $1 billion on buy-now, pay later services during Cyber Monday
Dr. WeskerMan, say what you will about credit cards, but at the very least with many of those you get rewards of some sort. BNPL is just the consumer version of the payday loan; you get nothing but the scam.
lemmydividebyzeroThe rewards are there to keep you make them money.
Some one has to pay for the rewards and the multi billion dollar companies usually don’t give money away for free without some plan. In the end, the consumer pays for the rewards because they add it on the product price.
Yeah, the card issuers are already making bank from the interchange/issuer/processing fees, as well as interest if the customer eventually isn’t able to pay their full balance in time.
But if you’re a perfect person and always pay your full balance every month, there’s literally no negatives with a credit card as a normal consumer. It’s usually even a better alternative, as if something goes wrong, a credit chargeback is much quicker and easier than a debit chargeback.