This seems to be trying to convince you it's fundamentally different than credit cards. I'm not really convinced. A credit card is a way to make getting a lot

This seems to be trying to convince you it's fundamentally different than credit cards. I'm not really convinced. A credit card is a way to make getting a lot of small loans easier. This is also a way to make getting a lot of small loans easier. Many of the differences it's pointing to, like underwriting happening at point of sale, seem more conceptual than practical. They'll almost certainly have pre-approved you up to some amount, just like a credit card company would have done.