**Klarna Launches New Debit Card with BNPL Features – But Is It Worth It?**
Klarna, the popular buy now, pay later (BNPL) service, has introduced a new **Klarna debit card** that blends traditional debit spending with BNPL flexibility. Users can load funds onto the card for standard purchases or opt for Klarna’s **Pay-in-4 or Pay Later plans** at checkout. However, the **Pay-in-4 option comes with a $1-$3 fee**, unlike competitors like Afterpay and Affirm, which offer interest-free installment plans without extra charges. While the card requires no credit check for debit use, financing a purchase triggers a **soft credit check**—though activity isn’t reported to credit bureaus.
The card also offers **cash-back rewards and high-yield APY (up to 3.22%)**—but only through paid monthly tiers ($3.49 or $7.99). Compared to **free rewards credit cards** or high-yield savings accounts, these fees may outweigh the benefits. Additionally, the Klarna Card lacks **strong fraud protections** compared to credit cards, which offer lower liability limits for unauthorized charges. While Klarna provides **FDIC insurance and purchase protection**, experts argue that traditional credit cards remain a better option for building credit and securing financial safeguards.
Klarna is currently **testing the debit card in the U.S.**, with plans for a broader rollout later this year. While the card offers a unique hybrid of debit and BNPL features, its **monthly fees and limited perks** make it a tough sell against no-fee credit alternatives. For those seeking short-term financing without credit checks, it may be useful—but for most, **a rewards credit card or standard debit card** might still be the smarter choice.
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