How does Buy-Now-Pay-Later differ from Credit Cards? Find out Here.

Buy-Now-Pay-Later (BNPL) and credit cards offer the same thing – credit. You can buy on credit and pay later. But are they the same? Not at all! Here’s how.

BNPL does not offer physical cards. Credit cards do – while offering digital cards and UPI linking options for the user’s benefit.

Most credit cards have eligibility criteria. Individuals meeting the criteria can get the card. BNPL has no such requirements.

Credit cards offer reward points. BNPL does not. You can earn, accumulate, and exchange points for merchandise, vouchers, and cashback.

Plus, credit cards offer discounts on purchases, lounge access, premium memberships, etc. BNPL might only offer cashback.

Credit cards have higher credit limits than BNPL. You can also convert credit card bills into EMIs. BNPL does not have this facility.

Many credit cards are also accepted internationally making overseas transactions easy. BNPL is usually accepted only locally.

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