Klarna Card* vs. Upgrade Cash Rewards Visa®
It may not be a BNPL plan, but the no-annual-fee Upgrade Cash Rewards Visa® is a real credit card that also has an installment repayment plan. The difference here is that the Upgrade Cash Rewards does charge interest, but it’s baked into the monthly payments. Also in contrast to the Klarna Card*, the Upgrade card earns 1.5% unlimited cash back on card purchases with every payment, comes with some Visa Signature benefits and—crucial for those trying to improve their credit—will report your payment behavior to the three major credit reporting agencies.
Klarna Card* vs. Secured Chime Credit Builder Visa® Credit Card
If you’re just starting your financial journey and can only get a secured credit card based on your limited credit history, the Secured Chime Credit Builder Visa® Credit Card may be music to your ears. It won’t ding you with an annual fee or interest charges, and there’s no minimum security deposit, making it one of the most affordable options in its class.
There’s no credit check to apply, but you’ll have to open a Chime spending account and have a qualifying direct deposit of at least $200 before you can open your Secured Chime Credit Builder Visa® Credit Card.
One key difference between the Chime and Klarna Card* is that the Chime card has to be paid in full each month, but the Klarna Card* spreads out your payments over eight weeks. And, the Chime card can help build credit, unlike the Klarna Card*.
Klarna Card* vs. U.S. Bank Visa® Platinum Card*
There’s one compelling reason to get the U.S. Bank Visa® Platinum Card*: It comes with a whopping 0% intro APR on purchases and balance transfers for 20 billing cycles, followed by a variable APR of 16.74% – 26.74%. A balance transfer fee of either 3% or $5 applies, whichever is greater. If you’re looking to finance a large purchase or pay down some existing debt, this card will give you nearly two years to do so.
There’s no annual fee for this card. And, as a true credit card, it also comes with some built-in protections—like cell phone coverage of up to $1,200 annually for damage or theft when you pay your monthly cell phone bill with your card and basic Visa benefits like ID Theft Protection.
It’s also worth noting that this card is eligible for U.S. Bank’s ExtendPay Plan, a pay-over-time installment plan that doesn’t charge interest, but does charge a small monthly fee.
A word of caution, however. Credit cards with long 0% intro APR offers like this one typically require applicants to have good-to-excellent credit. So, if you have limited credit history or have a damaged credit score, you might not get approved for the U.S. Bank Visa® Platinum Card*.