2022-11-24 14:32:28

28% of Shoppers Plan to Use 'Buy Now, Pay Later' for Holiday Purchases. Is That a Mistake?

Logo Nasdaq
Nasdaq
By The Motley Fool

Image source: Getty Images

From buying gifts to booking travel, the costs associated with the holiday season can really start to add up. And this year, that might especially be the case due to inflation.

If cash flow is an issue during the holidays, you may be inclined to turn to a buy now, pay later plan, or BNPL plan, to cover some of your purchases. These plans allow you to pay off purchases over time -- usually in 12 weeks or less -- rather than have to pay for them in full right off the bat. And if you stick to your BNPL plan's payment schedule, you can avoid accruing interest on your purchases.

Discover: This card has one of the longest intro 0% interest periods around

More: Consolidate debt with one of these top-rated balance transfer credit cards

Credit cards work differently. Unless you have a 0% interest rate on your credit card, if you carry a balance forward for even a month, you'll automatically rack up interest on it. And so it's easy to see why BNPL plans might appeal to consumers.

Continue read on nasdaq.com

Logo Nasdaq
Business / FinanceBy The Motley Fool2022-11-04 14:00:18
Image source: Getty Images Although we're still a number of weeks away from the actual holidays, now's the time when a lot of people are starting to get...

Logo Nasdaq
Business / FinanceBy Nerd Wallet2022-11-09 20:42:35
Shoppers filling their carts this holiday season will likely have the option to buy now, pay later at checkout. Known as BNPL for short, these payment plans...

Logo GlobeNewswire
EconomyPress Release2022-11-16 14:05:00
TSG and ETA survey finds savvy consumers are leaning on easy-to-use payment technologies including BNPL, 1 click accounts, digital wallets, and eCommerce for...

Logo CNBC
Business / FinanceBy Charmaine Jacob2022-10-30 23:02:29
Travel demand is still picking up, and so are the prices of flight tickets. Surging prices are causing some to cut back on spending, but others are finding...

Logo Channel NewsAsia
Business / FinanceBy Tang See Kit2022-11-01 22:03:50
Best News Website or Mobile Service WAN-IFRA Digital Media Awards Worldwide Best News Website or Mobile Service Digital Media Awards Worldwide SINGAPORE: A...

Logo Benzinga
Business / FinanceBy Pr Newswire2022-11-15 16:40:00
Avail a limited period discount of 33% on our uniquely designed Opportunities and Strategies market research reports. Contact us today and make winning...

Logo PR Newswire
Avail a limited period discount of 33% on our uniquely designed Opportunities and Strategies market research reports. Contact us today and make winning...

Logo PR Newswire
DUBLIN, Nov. 21, 2022 /PRNewswire/ -- The "Germany Buy Now Pay Later Business and Investment Opportunities - 75+ KPIs on Buy Now Pay Later Trends by End-Use...

Logo PR Newswire
TechnologyPress Release2022-11-21 19:15:00
DUBLIN, Nov. 21, 2022 /PRNewswire/ -- The "United States Buy Now Pay Later Business and Investment Opportunities - 75+ KPIs on Buy Now Pay Later Trends by...

Logo Nasdaq
Business / FinanceBy The Motley Fool2022-11-02 12:32:35
Image source: Getty Images There's a reason consumers frequently turn to credit cards to pay for purchases they can't cover outright -- it's an easy way to...

Logo PR Newswire
DUBLIN, Nov. 21, 2022 /PRNewswire/ -- The "United Kingdom Buy Now Pay Later Business and Investment Opportunities - 75+ KPIs on Buy Now Pay Later Trends by...

Logo PR Newswire
DUBLIN, Nov. 21, 2022 /PRNewswire/ -- The "Global Buy Now Pay Later Business and Investment Opportunities - 75+ KPIs on Buy Now Pay Later Trends by End-Use...

Logo CNBC
Business / FinanceBy Jessica Dickler2022-11-09 16:25:24
Key Points Shoppers have more payment options at checkout than ever before. The payment method you choose can go a long way toward helping you stick to a...

Logo Nasdaq
Business / FinanceBy The Motley Fool2022-11-19 13:32:25
Image source: Getty Images The holiday season brings in big bucks for most retailers, with Americans spending billions on Black Friday alone. Most companies...

Logo PR Newswire
DUBLIN, Nov. 21, 2022 /PRNewswire/ -- The "Ireland Buy Now Pay Later Business and Investment Opportunities Databook - 75+ KPIs on Buy Now Pay Later Trends by...

Logo Inquirer.net
Business / FinanceBy Ronnel W Domingo2022-11-01 18:09:00
Filipinos are warming up to the buy now pay later (BNPL) payment option with one in three users of this option transacting up to P5,000 in purchases, mainly...

Logo Fortune
Business / FinanceBy India Davis2022-11-23 18:52:01
With rising inflation, mailing delays and shrinking inventory, it makes sense to start shopping early, with a plan to maximize your rewards.

Logo PR Newswire
DUBLIN, Nov. 2, 2022 /PRNewswire/ -- The "South Africa Buy Now Pay Later Business and Investment Opportunities - 75+ KPIs on Buy Now Pay Later Trends by...

Logo PR Newswire
TechnologyPress Release2022-11-16 12:05:00
Nearly a Quarter of Consumers Who Plan to Shop This Holiday Season Expect to Spend Less Than Last Year Almost 4 in 10 Shoppers Intend to Finance One or More...

Logo Nasdaq
Business / FinanceBy Go Banking Rates2022-11-03 16:51:49
If theres one thing finance experts agree on this holiday season, its shopping early to get the best deals. And even if you arent planning to buy...