The 6 Best Buy Now, Pay Later Apps of 2022

If you’re considering using a buy now, pay later app, it can be difficult to know which one is right for you. After all, they all serve a similar purpose but have very different characteristics. Here are some questions to ask yourself when choosing the right buy now, pay later app for you:

What is your credit history like?

If you have poor credit, you might be better off choosing a service that doesn’t require a credit check. In fact, you may be best served by one who reports to the credit bureaus to help you build your credit. Perpay is a good example of such a service.

How much do you spend?

Each buy now, pay later app has its own spending limits, and for larger purchases, you may be more limited in which you can use. Some apps, like Affirm, are specifically designed for large purchases.

How quickly can you repay it?

Some buy now, pay later apps only allow six-week payment terms or charge interest on longer payment terms. Consider how long you need to pay off your purchase and whether you will be charged interest during that time.

Where do you shop?

Each of the buy now, pay later apps on our list is only accepted at select retailers, so be sure to choose a service that’s compatible with the retailers you plan to buy from.

James V. Hayes