Many high-spending, low-risk consumers with multiple high-fee credit cards are choosing just one of them, and card issuers seek to become the one card they can’t live without https://t.co/jk52lOUzMg ...

Many high-spending, low-risk consumers with multiple high-fee credit cards are choosing just one of them, and card issuers seek to become the one card they can’t live without https://t.co/JvWLM7hcx5 ...

Many high-spending, low-risk consumers with multiple high-fee credit cards are choosing just one of them, and card issuers seek to become the one card they can’t live without https://t.co/WAh6DaHfkz ...

The consumer use of buy now pay later continues to grow. >> Many many consumers in all segments are using it. It's become pretty ubiquitous on online shopping at checkout and also is offered in many stores.>> Buy now payloader plans are changing consumer spending habits by allowing purchases to be split into short-term typically interesting installments offering an alternative to credit cards. >> Credit isn't new. Credit's been around for thousands of years and credit cards aren't new, but they've had a har ...

⚡️ INSIGHT: Stablecoins are outpacing traditional credit cards systems with faster settlement, lower cross-border costs, and programmable rewards. https://t.co/4mUB8Rku5T ...

The consumer use of buy now, pay later continues to grow. Many, many consumers and all segments are using it. It's become pretty ubiquitous on online shopping at checkout and also is offered in many stores.Buy now, pay later plans are changing consumer spending habits by allowing purchases to be split into short term, typically interest free installments offering an alternative to credit cards. Credit isn't new. Credit's been around for thousands of years, and credit cards aren't new, but they've had a hard ...

Industry Overview & Growth - The Buy Now, Pay Later (BNPL) industry has experienced rapid growth as an alternative to credit cards [1][9] - BNPL transaction volume has multiplied 20 times since 2019 [9] - Physical cards for brick-and-mortar stores are a significant growth opportunity for BNPL lenders [8] Business Models & Revenue - Top BNPL providers offer pay-in-four, zero-interest installment loans [3] - BNPL providers charge merchants a fee, sometimes as high as 5% of the transaction value [4][5] - Some lenders, like Affirm, offer longer-term loans with interest [5] - Afterpay has a pay-monthly option for larger transactions with simple interest [6][7] Consumer Behavior & Risk - A LendingTree survey found that 25% of BNPL customers have used it for groceries, up from 14% in 2024 [12] - A CFPB study indicated that over two-thirds of BNPL loans went to borrowers with lower credit scores [14] - LendingTree found that 41% of BNPL users paid late in the past year, up from 34% the year before [16] Competition & Partnerships - Growing competition exists for both customers and merchants in the BNPL space [10] - Klarna announced an exclusive deal with Walmart to provide loans through OnePay [10] - Direct relationships with merchants are crucial for BNPL providers [11] Regulation & Credit Reporting - The CFPB issued an interpretive rule subjecting BNPL providers to credit card regulations, but enforcement is uncertain [19] - FICO announced it would add BNPL loans to credit reports [20] - Klarna and Afterpay are withholding customer data until they are assured customers won't be unfairly penalized [21]

Consumer Credit Trends - Buy now, pay later services offer an alternative to credit cards for some Americans [1] - Individuals with low credit scores are more prone to carrying revolving balances on credit cards [1] - Credit card users with revolving balances tend to carry over debt month to month instead of paying it off [1]

General Information - Bloomberg offers a news quiz called "Play Pointed" for risk-takers [1] - The quiz covers categories like diseases, Buddhism, and credit cards [1] - Participants can maximize their score by strategically wagering on topics they know [1] - Incorrect answers will negatively impact the score [1]

Heard on the Street: Slashing the cost of using credit cards could unleash spending https://t.co/lCdWHriUJP ...