COLUMBUS, Ohio—Klarna is finally launching its credit card in the United States, and as would be expected, and it will have a buy now, pay later (BNPL) component.
“It was one of our most asked for products, and will allow people to pay in the Klarna way but with a card,” David Fock, Klarna’s chief product and design officer, TechCrunch reported.
Klarna launched a credit card in the E.U. several years ago, and as CUToday.info has reported, there have been numerous reports the card would enter the U.S. market.
Competing With Apple Card
“With the Klarna credit card, the company is now competing with the likes of Apple and more recently, Robinhood as well as rival BNPL player Affirm in offering a credit card in the United States,” TechCrunch reported. “It is partnering with Salt Lake City–based WebBank in the effort. There is no annual fee for the card, and no foreign transaction fees.”
Users can earn up to 10% cash back on selected merchants when using the card in its app, and the card integrates with the company’s AI assistant to find deals on planned purchases, he told the publication.
Klarna’s virtual Visa card is compatible with Google and Apple Pay.
How to Sign Up For the Best Daily News Email in Credit Unions? (It’s Free!)
Every workday CUToday.info delivers the most comprehensive, freshest daily newsletter with the day’s news headlines, including links to the related articles. The Fresh Today newsletter is the most timely, relevant and widely-read source of news and information in the CU community. And it’s free!
If you haven’t yet signed up for the new email solution on which CUToday.info has partnered with ResponseGenius, you can do so here. Signing up requires less than one minute of your time—and it’s free!
Please note that after signing up you may need to go to your Spam/Junk folder and mark the morning headlines email as safe. CUToday.info does not provide its list of readers and emails to outside parties.
And did we mention it’s free?