Klarna Launches New BNPL Debit Card That Lets You Finance on the Fly – but There's a Catch

CNET/Getty Images Klarna, a financial service best known for its Buy Now, Pay Later app, just announced it's launching a new debit card with BNPL features. "We consistently hear from consumers that they want the freedom to choose how and when to pay -- whether that's paying now with debit or spreading the cost over time," David Sandstrom, chief marketing officer at Klarna, said in the press release. This isn't the BNPL service's first foray into the cards territory. Klarna launched the Klarna Credit Card, a no-annual-fee card that works more like a charge card in 2022 and issued a US version in 2024. With its new debit card offering, users will be able to load funds onto the card and use it like a debit card, or access a Buy Now, Pay Later plan. BNPL plans are typically popular as an alternative to credit cards, but the Klarna Card seems to be combining debit, credit and payment plans into a single card. The company said in the press release that it's currently testing the product ... Read full article.