32% of Back-to-School Shoppers Will Use BNPL and Credit Cards …

Aug 12, 2024 · Dashia was previously a staff writer at NextAdvisor, where she covered credit cards, taxes, banking B2B payments. She has also written about safety, home automation, …

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32% Of Back-to-School Shoppers Will Use BNPL And Credit Cards …

4 weeks from now

Aug 12, 2024 · Dashia was previously a staff writer at NextAdvisor, where she covered credit cards, taxes, banking B2B payments. She has also written about safety, home automation, …

cnet.com

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Shelling Out: Trends And Takeaways On Back-To-School Shopping …

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Aug 6, 2024 · Of the nearly 42% of parents who said they plan to use a credit card, loan and/or buy now, pay later (BNPL) plan for back-to-school shopping, 31% expect to accrue upwards of …

forbes.com

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Customers Are Choosing BNPL Over Credit Cards — Here’s Why

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Jun 17, 2024 · It’s no wonder that according to the survey, 32% of consumers use BNPL to avoid paying interest while purchasing what they need. Average credit card interest rates hover …

retaildive.com

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Roughly 30% Back-to-school Shoppers Report Going Into Debt …

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Aug 29, 2024 · 85% of school shoppers say they held out on buying some back-to-school items until Prime day to try and get the best deals. Total back-to-school spending is anticipated to …

yahoo.com

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2024 Buy Now, Pay Later Trends Study | The Motley Fool

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Oct 18, 2024 · BNPL users trust and use BNPL more than credit cards. ... 32% owe $50 or less to BNPL providers and 26% spend between $51 and $100 on BNPL each month. ... to give up …

fool.com

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32% Of Back-to-School Shoppers Will Use BNPL And Credit Cards.

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A BNPL plan lets you take advantage of back-to-school sales and get what you need now but make smaller payments over time. The best BNPL plans let you avoid paying interest or fees. …

pwshub.com

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Some Back-to-school Shoppers Turn To BNPL To Cover Higher …

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Aug 26, 2022 · Openness to using BNPL rose significantly this year, with 37% of shoppers saying they would use the financing option for purchasing back-to-school supplies, according to …

foxbusiness.com

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TransUnion Survey: BNPL, Curbside Pickup Top Back-to-School …

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Aug 26, 2022 · Inflation is affecting the back-to-school season in ways both expected and unusual. Parents are buying cheaper versions of their usual items (35%), buying less of some …

retailtouchpoints.com

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Despite APRs That Can Top 30%, Some Shoppers Still Like Retail …

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Dec 19, 2024 · Younger shoppers have been early adopters of BNPL, and that shows in their payment preferences. About 59% of Gen Zers and 51% of millennials prefer BNPL over retail …

nbcnewyork.com

FAQs about 32% of Back-to-School Shoppers Will Use BNPL and Credit Cards … Coupon?

Should you use BNPL for back-to-school shopping?

According to Bankrate’s Buy Now Pay Later Survey, over a third of Americans (39 percent) have used at least one BNPL service at checkout. Aaliyah Kissick, personal finance expert and CEO at Financial Literacy Diaries, says that while BNPL is never an “ideal” solution for back-to-school shopping, it is an option for shoppers in a pinch. ...

Should you use BNPL or a credit card for school supplies?

By the numbers, 11% of US adults are using BNPL to cover school supplies this year, and 21% are using a credit card that they plan to pay back over time, according to CNET’s latest back-to-school survey. Either option can end up costing you a lot of money. ...

Will back-to-school shoppers change their shopping habits due to inflation?

The survey found 32 percent of back-to-school shoppers changed/will change their shopping habits due to inflation, down from 41 percent in 2022. However, this doesn’t mean that consumers have stopped feeling the strain of high prices. ...

What payment methods do back-to-school shoppers use?

Debit and credit cards are the most popular payment methods for back-to-school shopping: The survey found that 3 in 5 back-to-school shoppers will use a debit card (60%) to pay, and 58% will use a credit card. Shoppers could choose more than one payment method option. ...

Will back-to-school shoppers go into debt this year?

Just 10% of back-to-school shoppers say they’ll likely go into debt to pay for school supplies this year. But 20% of shoppers plan to use buy now, pay later services, which are often short-term, interest-free borrowing, much like using a credit card and paying it off by the due date. ...

Should you get a BNPL or a back-to-school loan?

You can quickly pay for what you need and get your items right away. However, both borrowing options can land you in hot water financially if you can’t manage them. A BNPL plan lets you take advantage of back-to-school sales and get what you need now but make smaller payments over time. The best BNPL plans let you avoid paying interest or fees. ...