BNPL (Buy Now, Pay Later) is gaining popularity in Singapore right now. The program’s innovative mode of payment allows consumers to pay for their purchases in instalments over a short period without incurring any interest or fees. However, some caution is needed because there is truth in the saying: “anything that seems too good to be true, generally is.” Credit Card vs. BNPL 1 – Smaller ticket items Although BNPL appears to work the same way as a credit card instalment plan, there are some key differences. First, BNPL programs are typically used for smaller ticket items as compared to credit cards, which are often used for instalments of large purchases, such as home renovations and vacations.

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