Klarna Credit Card Review 2022 – Forbes Advisor

Map of Klarna* vs. Cash Rewards Visa® Upgrade

It may not be a BNPL plan, but the No Annual Fee Upgrade Cash Rewards Visa® is a true credit card that also has an installment repayment plan. The difference here is that Upgrade Cash Rewards charge interest, but it’s rolled into the monthly payments. Unlike the Klarna Card*the Upgrade Card earns 1.5% unlimited cash back on purchases made with the card with every payment, comes with certain Visa Signature benefits and, critical for those trying to improve their credit, will report your behavior to payment to the three major credit reporting agencies.

Map of Klarna* vs. Visa® Secured Chime Credit Builder Credit Card

If you’ve just started your financial journey and can only get a secured credit card based on your limited credit history, the Secured Chime Credit Builder Visa® credit card can be music to your ears. It won’t cost you annual fees or interest charges, and there’s no minimum security deposit, making it one of the most affordable options in its class.

There is no credit check to apply, but you will need to open a Chime spending account and have an eligible direct deposit of at least $200 before you can open your Chime Credit Builder Visa® Secured credit card.

A key difference between the Chime card and the Klarna card* is that the Chime card has to be paid in full each month, but the Klarna card* Spread your payments over eight weeks. And, the Chime card can help build credit, unlike the Klarna card.*.

Map of Klarna* vs. US Bank Visa® Platinum Card*

There’s a Compelling Reason to Get the U.S. Bank Visa® Platinum Card*: It comes with an introductory APR of 0% on purchases and balance transfers for 20 billing cycles, followed by a variable APR of 16.74% to 26.74%. A 3% or $5 balance transfer fee applies, whichever is greater. If you’re looking to finance a major purchase or pay off an existing debt, this card will give you nearly two years to do so.

There is no annual fee for this card. And, being a real credit card, it also comes with some built-in protections, like up to $1,200 a year of cell phone coverage in the event of damage or theft when you pay your monthly cell phone bill with your card and basic Visa benefits like identity theft protection. .

It’s also worth noting that this card is eligible for US Bank’s ExtendPay plan, a time-based payment plan that doesn’t charge interest, but charges a small monthly fee.

A word of warning, however. Credit cards with long introductory 0% APR offers like this one typically require applicants to have good to excellent credit. So, if you have a limited credit history or your credit score is damaged, you may not be approved for the US Bank Visa® Platinum card.*.

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