• @[email protected]
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    242 days ago

    All of the “buy now pay later” or pay in installment schemes/apps popping up, supposedly they are popular but I don’t get it, it is just a worse credit card.

    • @[email protected]
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      1 day ago

      With credit cards you’d have to pay in full next month or pay interest. Here the installment plans go to to 3 or 6 months without interest.

      You also don’t need to own a credit card so no need to pay that monthly fee.

      • @JcbAzPx
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        113 hours ago

        Not all of them are without interest. In fact, the ones you’ll find the most are quite usurious.

        • @[email protected]
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          18 hours ago

          They’re all interest free in my country, but if you need a longer period, you can get an installment plan that has an interest rate comparable to a credit card.

      • @[email protected]
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        11 day ago

        The longer time to pay makes sense but the cards I have dont charge me for having them, I know availability of cards may vary though, some people might not have decent card options, I guess it makes sense.

        • @[email protected]
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          214 hours ago

          Probably varies by country. My gold card was something like 5 euros a month which isn’t a whole lot, but it’s still money for something that only serves to make it way too easy to take on debt and has little other value.

    • @Demdaru
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      132 days ago

      Ah ah ah! It’s another credit card. People with no self controle love that.