SAN FRANCISCO—The buy now, pay later (BNPL) market has yet another player—sort of.
Upgrade, which has offered consumers personal loans, auto loan refinancing and other personal finance products has launched the Upgrade OneCard, which offers a unique combination between a debit card and a credit card, reported CNBC, which adds the product also has a “hint” of BNPL tossed in.
The Upgrade OneCard allows consumers to designate between “Pay Now” and “Pay Later” when it comes to paying for purchases, CNBC noted.
“For the former option, the amount will immediately be pulled from the cardholder’s checking account, similar to how a debit card functions. For the latter, the purchase amount will be spread out over time to be paid back in fixed installments with interest, like a credit card,” CNBC said.
The Very Best in CU Reporting. For You. For Free. Or Your Money Back.
Don’t forget to check your Spam/Junk email folder if you haven’t been receiving your free, popular and daily CUToday.info news headlines.
And 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.
CUToday.info has received very positive response from readers following the move to an improved provider of the daily headlines, but many also noted they did need to go to their Spam/Junk folder and mark it as safe.
The new email solution has not only improved every reader’s delivery experience, but it also features a fresh, new format that is easy to read, especially on mobile devices.
Please note and/or make your IT department or email administrator aware the emails will be coming from the domains CUTodayinfo.com and CUTodayinfoReply.com.