Since BNPL lets you spread out your payments, similar to credit cards, here are 3 situations when you might use BNPL instead of a credit card:

1. If you don’t have a credit card, BNPL can be a solution to help spread out your payments.
2. If you want to spread out your months over a few months and can afford to pay the monthly instalments, use BNPL so you won’t have to pay interest. With credit cards, on the other hand, you’ll have to pay interest unless you make your repayments in full within 30 days.
3. Since BNPL gives a lower credit limit than credit cards and will suspend your account as soon as you miss an instalment payment, BNPL can be a good way for you to control your spending. It will also help you to avoid getting into too much debt because it doesn’t charge interest. Just make sure that you keep up with all your payments so that you don’t get a bad record!