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Klarna, a financial service best known for its buy now, pay later app , announced on Tuesday it's launching a new debit card with BNPL features.
The new debit card lets people load funds onto the card and use it like a debit card, or access a buy now, pay later plan.
BNPL plans are typically popular as an alternative to credit cards, but the Klarna Card seems to be combining debit, credit and payment plans into a single card. However, the paid features likely aren't worth it, and it lacks some key protections that credit cards offer.
This isn't the BNPL service's first foray into the cards territory. Klarna launched the Klarna Credit Card, a no-annual-fee card that works more like a charge card, in 2022 and issued a US version in 2024.
The company said it's current