BNPL for everyday buyers: when to use it and when to skip

Buy Now Pay Later (BNPL) is a short-term credit option that lets you split your payments into instalments—sometimes at “zero cost.” It’s marketed as a smarter way to manage cash flow, but what many people forget is that BNPL is still a loan. Miss a payment, and you’ll face late fees, interest, and possibly a dent in your credit score.

Why it feels convenient For many, BNPL feels effortless. You can buy a phone, book a flight, or shop online and pay later in equal instalments. If you repay on time, you don’t pay interest. It’s great for managing expenses when your salary date doesn’t align with your spending or when you want to stagger a big purchase. Some platforms even report timely payments to credit bureaus, which can help build your credit history.

When it becomes a trap The trouble