Credit Card vs Buy Now Pay Later (BNPL) in India: The Real Comparison
BNPL apps promise 0% interest. The reality is fees, late charges, and limited consumer protection. The comparison.
Arjun Banerjee5 min readRead more
Verified 2 Aug
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BNPL apps promise 0% interest. The reality is fees, late charges, and limited consumer protection. The comparison.
Both let you access cash on a credit card. The fees, interest rates, and grace periods differ dramatically.
A loan against your credit-card limit lets you borrow against your card. The rate is high; the convenience is real.
EMI rates of 12%–24% are cheaper than revolving at 42%–51%. But EMI has its own traps — processing fees, GST, and prepayment penalties.
When the credit card is cheaper than a personal loan, and when it's dramatically more expensive.
You've reached the end.