5 ms·
You might miss out on some credit card rewards or protections (chargebacks, extended warranties, extended return periods, etc).
by benmanns 5y ago
You might miss out on some credit card rewards or protections (chargebacks, extended warranties, extended return periods, etc).
- phist_mcgee 5y agoTrickily, BNPL is pushed as 'not credit', which I find deeply disingenuous. The product they push is utilised by compulsive spenders, or poorer people. These people have always used credit, much to their collective disadvantage. Branding it as 'like lay-by, free up your cashflow' is in my opinion a dangerous option for many people.
- wonnage 5y agoIt's rather paternalistic to assume poor people can't handle credit.
- jokethrowaway 5y agoThey would definitely be less poor if they could
- phist_mcgee 5y agoAre you kidding? Poor people of course cannot handle credit, because they don't have the cashflow or savings to prevent the use of credit in disadvantageous situations. I am not saying poor people shouldn't have credit, I am saying credit is most destructive for poorer people, and so any service that targets that market is exploitative of their misfortune.
- wonnage 5y ago> Poor people of course cannot handle credit That starts you down a very slippery slope of what other things poor people supposedly can't handle, because of course you know what's best for them.