Three Reasons Not to Use ‘Buy Now, Pay Later’ During the Amazon Prime Day Sale
Prime Big Deal Days (or October Prime Day) starts Oct. 7, and as usual, we'll be keeping you updated on all the best deals leading up to and throughout the mega-sale. Let's take a look at the hidden costs of BNPL, and why you're better off paying upfront for all your Prime Day purchases.How does Amazon's buy now, pay later program work?To be clear, Amazon doesn't have its own buy now, pay later program, and the company is not uniquely misleading on this front.
- ▪Prime Big Deal Days (or October Prime Day) starts Oct.
- ▪7, and as usual, we'll be keeping you updated on all the best deals leading up to and throughout the mega-sale.
- ▪Let's take a look at the hidden costs of BNPL, and why you're better off paying upfront for all your Prime Day purchases.How does Amazon's buy now, pay later program work?To be clear, Amazon doesn't have its own buy now, pay later program,
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Opening excerpt (first ~120 words) tap to expand
Prime Big Deal Days (or October Prime Day) starts Oct. 6 and ends on Oct. 7, and as usual, we'll be keeping you updated on all the best deals leading up to and throughout the mega-sale. As you're adding item after item to your cart during the sale, you might be tempted by Amazon's "affordable monthly payment system." Also known as "buy now, pay later" (BNPL), the pitch is a tempting one: Buy what you need now, and pay later, "on your own timeline." But as convenient as it sounds, you should think twice before using buy now, pay later options, whether during Prime Day or at any other time.While BNPL plans can allow you to pay for purchases in installments without interest, they come with a cost that can easily outweigh any big discounts.
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