Clarna, a financial service, now known to buy, later pays the app, just announced that it is launching a new debit card with BNPL features.
“We constantly hear from consumers to hear how and when to pay – whether it is now paying with a debit or spreading the cost over time,” Clarna Chief Marketing Officer David Sandstrom said in a press release.
Clarna launched Clarna Credit Card, a No-Nul-fee card that acts as a charge card in 2022. It is available in other countries, and an American version was announced in 2024. However, it is listed waiting for now.
With the offer of your new debit card, the users will be able to load funds on the card and use it as a debit card, or now buy, pay the plan later. BNPL plans are usually popular as an alternative to credit cards, but Clarna is mixing card debit, credit and payment schemes in a card.
Clarna did not immediately answer our questions as to what kind of purchase types can be financed and the type of interest can be charged. We will update this story because we will get more information.
The company said in a press release that it is currently testing the product with a wide rollout plan in the US and Europe in the US and Europe. Here we still know about it.
How Clarna Card works
The new product combines both credit card and debit card features.
You can load funds on the Clarna card and use it like you will make a standard debit card, but you are able to choose if you want to shop at the point of sales either either either using Clarna’s salary or pay the latter plan.
Clarna told CNET that 4 would have a $ 1-$ 3 fee to use salary that will be added to your down payment.
If you are going to use BNPL, I would recommend not selecting for salary in 4 options with KLARNA card, as others like others, Affirm and Klarna themselves do not take money to start a BNPL installment plan that is paid in four payments.
Once the card is completely released, it will offer a free tier and two paid levels, according to the press release. The cost of paying levels – members and plus – will be $ 3.49 and $ 7.99 monthly respectively, and may include merchant discounts and cashback prizes.
If you are after cashback rewards, you do not need to pay for them. Many credit cards offer cashback prizes for free – as long as you pay your bill every month – and some debit cards such as Discover Cashback Debit Card also come with prizes without monthly fee. Depending on the cash back rate, the fees of the tier can also eradicate any value you received.
Anyone can be approved for the Clarna Card and can be used as a debit card without any credit check. However, if you want to shop with a BNPL plan, you will undergo a soft credit check at the time of purchase. This can cause recession in the register, but we will see.
Clarna will also work on the flexible credential program of the card visa, which allows you to save many forms of payment behind a credential behind a credential locked with your biometric. It acts like a payment hub with all your qualified payment methods.
