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> When 33% of users from BNPL services claim that a reason to do it is that their credit cards are already max, I see this as a potential issue. I also find it
by dehrmann 4y ago
> When 33% of users from BNPL services claim that a reason to do it is that their credit cards are already max, I see this as a potential issue.
I also find it bizarre that 45% say it's easier to make payment than on a credit card and 44% says it's more flexible. Really?! I don't find it hard to give the credit card company money, and it seems like lower interest rates should be #1.
- HWR_14 4y agoI think "more flexible" means that the payment periods are better aligned with your pay periods. The CC companies are going to want money every month on the same day.
- smugma 4y agoMost credit cards let you pick your payment due date.
- gruez 4y agoWhy is this a relevant factor? With a credit card you have a 3-4 week grace period to pay the bill. If you get paid every 2 weeks/twice a month then the due date is never more than a week away from your last paycheck.
- HWR_14 4y agoNo, you have a 3-4 week grace period. People with poor credit do not.