Klarna takes on Amex Platinum and Chase Sapphire with premium perks that don’t require a credit card

The Swedish fintech’s new tiers offer luxury travel perks, lounge access, cash back, and subscriptions as more Americans shift toward BNPL. As Americans grapple with $1.23 trillion in credit card balances, Klarna Group is introducing a new way to access premium rewards—one that doesn’t require a credit card at all.