Buy Now, Pay Later (BNPL) services have surged in popularity, with many consumers opting for them over traditional credit cards for their convenience. However, this article argues that using a rewards credit card and paying the balance in full is a far superior payment method. By doing so, consumers can earn cash back or travel points on their purchases, which BNPL does not offer. Additionally, rewards cards often come with enticing sign-up bonuses, providing further financial incentives. The article warns that BNPL can encourage poor financial habits, leading to unnecessary debt and "loan stacking," where users take on multiple loans. For larger purchases that can't be paid off immediately, the article suggests considering a credit card with a 0% introductory APR, allowing more time to pay off the balance interest-free. Ultimately, the article emphasizes the importance of avoiding unnecessary debt and making more financially sound decisions.
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