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Buy now, pay later vs credit card EMI: Cheaper vs expensive analysis - Expert explains interest, fees, hidden charges
Mint 1 hr ago·26 Oct 2026, 3:41 pm
Buy Now, Pay Later (BNPL) and credit card Equated Monthly Installments (EMIs) are popular ways to split payments, but they work differently. BNPL services like Paytm or HDFC's LazyPay often offer interest-free periods for short-term purchases. In contrast, credit card EMIs typically charge interest from the start, even if you pay back the amount in full. This makes BNPL a cheaper option for small, short-term needs, while credit card EMIs might be more expensive if not managed carefully.
For investors, this matters because these payment methods influence consumer spending habits. High fees or interest on credit card EMIs can reduce the disposable income of retail investors, potentially slowing down retail demand. Additionally, missed payments on either can negatively impact your credit score, which is a key factor for future borrowing. Investors should monitor how these payment trends affect consumer sentiment and spending in the broader market.
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