Latest news with #Buy
CNET
a day ago
- Business
- CNET
Klarna Launches New BNPL Debit Card That Lets You Finance on the Fly – but There's a Catch
CNET/Getty Images Klarna, a financial service best known for its Buy Now, Pay Later app, just announced it's launching a new debit card with BNPL features. "We consistently hear from consumers that they want the freedom to choose how and when to pay -- whether that's paying now with debit or spreading the cost over time," David Sandstrom, chief marketing officer at Klarna, said in the press release. 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. With its new debit card offering, users will be able to 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. The company said in the press release that it's currently testing the product in the US with plans for a wider rollout in the US and Europe later this year. Here's what we know so far about it. How the Klarna debit card works The new product will offer a mix features of both a credit card and a debit card. You can load funds onto the Klarna Card and use it like you would a standard debit card, but you're able to select if you want to finance a purchase at the point of sale by using either Klarna's Pay in 4 or Pay Later plan. Klarna told CNET that there will be a $1-$3 charge for using Pay in 4 which will be added to your down payment. If you're going to use BNPL, I'd recommend not opting for the Pay in 4 option with the Klarna card, since others like Afterpay, Affirm and Klarna itself don't charge you money to initiate a BNPL installment plan that's paid off in four payments. Anyone can be approved for the Klarna Card and use it as a debit card without any credit check required. However, if you want to finance a purchase with a BNPL plan, you'll undergo a soft credit check at the time of purchase. That may cause a slowdown at the register, but we'll see. Klarna also confirmed your activity won't be reported to credit bureaus at this time. The Klarna Card will also work on Visa's Flexible Credential program, which allows you to save multiple forms of payment behind one credential, locked with your biometric. It acts like a payment hub with all of your eligible payment methods. Are Klarna's cash back rewards worth it? Once the card is fully released, it will offer a free tier and two paid tiers, according to the press release. The paid tiers -- Member and Plus -- will cost $3.49 and $7.99 monthly, respectively, and will include merchant discounts and cash-back rewards. Member 2.82% APY on Klarna balance 1% cash back when you pay in full with your Klarna balance 2x rewards on Pay-in-4 at non-integrated partners Plus 3.22% APY on Klarna balance 2% cash back when you pay in full with your Klarna balance 10x rewards on Pay-in-4 at non-integrated partners If you're after cash-back rewards, you don't have to pay for them. Many credit cards offer cash-back rewards for free -- as long as you pay your bill in full each month -- and some debit cards like the Discover Cashback Debit card also come with rewards for no monthly fee. Depending on the cash-back rate, the tier's fees might even wipe out any value you'd get from them. It's nice that Klarna lets you earn a fairly competitive APY on your balance -- the 3.22% APY the Plus tier offers is similar to many top high-yield savings accounts right now -- but having to pay $7.99 a month for this APY is a steep price. For reference, if you deposited $250 a month into your Klarna account and didn't spend it, you'd have $3,000 at the end of the year. You'd earn approximately $44 in interest (depending on how often it's compounded). But you'd have paid nearly $96 a year for this card. How to sign up for the Klarna debit card The company is currently trialing the Klarna debit card in the US. Once it's fully available, Klarna confirmed that you'll be able to sign up to use it immediately and won't be added to a wait list.
CNET
a day ago
- Business
- CNET
Klarna Has a New BNPL Debit Card That Seems Like a Credit Card. Is It Worth Getting?
CNET/Getty Images Klarna, a financial service best known for its Buy Now, Pay Later app, just announced it's launching a new debit card with BNPL features. "We consistently hear from consumers that they want the freedom to choose how and when to pay -- whether that's paying now with debit or spreading the cost over time," David Sandstrom, chief marketing officer at Klarna, said in the press release. Klarna launched the Klarna Credit Card, a no-annual-fee card that works more like a charge card in 2022. It's available in other countries, and a US version was announced in 2024. However, it's waitlisted for now. With its new debit card offering, users will be able to 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. Klarna didn't immediately respond to our questions about which purchase types can be financed and the type of interest charged. We'll update this story as we get more information. The company said in the press release that it's currently testing the product in the US with plans for a wider rollout in the US and Europe later this year. Here's what we know so far about it. How the Klarna Card works The new product appears to mix features of both a credit card and a debit card. You can load funds onto the Klarna Card and use it like you would a standard debit card, but you're able to select if you want to finance a purchase at the point of sale by using either Klarna's Pay in 4 or Pay Later plan. Klarna told CNET that there will be a $1-$3 charge for using Pay in 4 which will be added to your down payment. If you're going to use BNPL, I'd recommend not opting for the Pay in 4 option with the Klarna card, since others like Afterpay, Affirm and Klarna itself don't charge you money to initiate a BNPL installment plan that's paid off in four payments. Once the card is fully released, it will offer a free tier and two paid tiers, according to the press release. The paid tiers -- Member and Plus -- will cost $3.49 and $7.99 monthly, respectively, and may include merchant discounts and cashback rewards. If you're after cashback rewards, you don't have to pay for them. Many credit cards offer cashback rewards for free -- as long as you pay your bill in full each month -- and some debit cards like the Discover Cashback Debit card also come with rewards for no monthly fee. Depending on the cash back rate, the tier's fees might even wipe out any value you'd get from them. Anyone can be approved for the Klarna Card and use it as a debit card without any credit check required. However, if you want to finance a purchase with a BNPL plan, you'll undergo a soft credit check at the time of purchase. That may cause a slowdown at the register, but we'll see. The Klarna Card will also work on Visa's Flexible Credential program, which allows you to save multiple forms of payment behind one credential, locked with your biometric. It acts like a payment hub with all of your eligible payment methods.
Wales Online
2 days ago
- Sport
- Wales Online
Mark Allen makes £100,000 point as he issues proposal to snooker bosses
Mark Allen makes £100,000 point as he issues proposal to snooker bosses Rather than offering snooker's elite their chance at another massive payday, Mark Allen has controversially called for the World Snooker Tour to scrap its latest idea Mark Allen has been praised for calling to scrap one of the World Snooker Tour's latest big ideas (Image: Getty Images ) Snooker star Mark Allen has shown his solidarity with the sport's less celebrated players in response to one of its latest big ideas. That's after advocating for a prize fund to be shared among lower-ranking competitors rather than offering another opportunity for the elite to increase their earnings. The World Snooker Tour (WST) has revealed the 'century of centuries' initiative will return in the 2025/26 season. This scheme, which debuted in the 2024/25 season, awards a £100,000 jackpot to the first player to achieve 100 centuries. The inaugural winner was world No. 1 Judd Trump, who reached his 100th century of the season at the Crucible in April. The Bristolian therefore added a substantial sum to his already considerable wealth, mopping the floor with the competition. However, Allen believes the money would be better spent supporting those further down the rankings. And his call for revolution has been championed by many fans who agree it would be a better spend of the funds. Snooker journalist Phil Haigh commented on the renewal of the 'century of centuries' campaign, suggesting it incentivises top players to participate in as many tournaments as possible. Yet considering Trump's recent dominance, Haigh questioned whether the initiative might simply become "a 'Can Judd Trump Buy Himself Another Car?' campaign." Article continues below In response, Allen suggested on X (via the Daily Express): "Why not take the 100k and run a side event during one of the players series tournaments for those not qualified? I think there's loads on offer for the top players as it is." Judd Trump won the inaugural 'century of centuries' prize fund (Image: Getty Images ) The remark puts the WST under scrutiny to reassess its player reward system and consider how many players can realistically benefit from such funds. There's an onus on the organisation to reward its biggest stars, but many smaller-profile players may struggle to maintain a career at all without lower-scale prizes on their level. To put the figures into perspective, only twice before this season has anyone completed 100 centuries in a season. Neil Robertson was the first to do so in 2013/14 before Trump managed the feat six years later in the 2019/20 campaign. 'The Ace In the Pack' has significantly outperformed his rivals in this area this season. He has racked up 107 centuries to date for the 2024/25 campaign, with Mark Selby trailing behind as his nearest competitor on just 73. While it's true such substantial rewards may encourage all players to participate regularly and perform at a high level, Allen's concern for those lower down the pecking order is warranted. And it points to his moral fibre that he's willing to forgo potential winnings in an effort to see his peers thrive as a whole. Article continues below Allen has been lauded for thinking of snooker's smaller-profile stars (Image: Getty ) Many supporters concurred with 'The Pistol' and praised him for considering the underdog. Despite an unexpected second-round departure at this year's World Snooker Championship, Allen pocketed a £45,000 bonus for making the 15th maximum in Crucible history. "Well said Mark, couldn't agree more," wrote one snooker fan in response to Allen's comment. And another replied: "Well said. Among fans nobody cares about whether Judd, Ronnie, yourself or whoever wins this cash. It's a sideshow."
Yahoo
6 days ago
- Business
- Yahoo
Best Buy Stock Tumbles as Retailer Lowers Outlook on Tariffs Hit
Best Buy shares tumbled more than 8% to lead S&P 500 decliners Thursday after the electronics retailer lowered its full-year outlook because of tariffs. Best Buy gets a large portion of its products from China and Mexico, both of which have been hit by tariffs imposed by President Donald Trump. Best Buy shares are down by more than a fifth so far this Buy (BBY) shares tumbled more than 8% to lead S&P 500 decliners Thursday after the electronics retailer lowered its full-year outlook because of tariffs. The retailer now sees fiscal 2026 revenue between $41.1 billion and $41.9 billion, below its prior guidance of $41.4 billion to $42.2 billion; comparable sales ranging from down 1% to up 1%, versus flat to up 2.0%; and adjusted earnings per share (EPS) of $6.15 to $6.30, down from $6.20 to $6.60. Despite the cuts, the midpoints of Best Buy's new projections all were in line with or above Visible Alpha consensus estimates. "Today we are updating our full-year guidance to incorporate the impact of tariffs," Best Buy CFO Matt Bilunas said. "Our underlying working assumptions are that tariffs stay at the current levels for the rest of the year, and there is no material change in consumer behavior from the trends we have seen in recent quarters." Best Buy gets a large portion of its products from China and Mexico, both of which have been hit by the tariffs imposed by President Donald Trump. China accounted for 55% and Mexico 20% of the company's sourcing in its fiscal 2025, according to its annual report. The lowered full-year projections came as the retailer reported mixed first-quarter results, with adjusted EPS of $1.15 topping Visible Alpha estimates but revenue of $8.77 billion falling short. Comparable store sales fell 0.7% year-over year, far greater than the projected 0.2% decline. Best Buy shares are down nearly 25% this year. Read the original article on Investopedia
Economic Times
26-05-2025
- Business
- Economic Times
Best Buy Memorial Day deals 2025: Is Best Buy open & what's closed? Huge tech, TV & gaming sales you can't afford to miss
What are the best TV deals at Best Buy this Memorial Day? Sony Bravia 65-inch 4K UHD TV: $950 (save $250) LG 75-inch 4K LED TV: $480 (save $220) TCL 65-inch QM7K Series 4K TV: $1,000 (save $500) What tech gadgets and laptops can you grab on sale? Apple M3 MacBook Pro 14-inch: $1,199 (save $200) Beats Studio Pro headphones: $200 (save $150) Garmin Instinct 2X Solar smartwatch: $345 (save $105) Samsung Galaxy Tab A9 Plus: $160 (save $60) Bose QuietComfort Wireless Noise-Canceling Headphones: $230 (save $120) Live Events Which gaming accessories and laptops are discounted? Razer Basilisk V3 X HyperSpeed gaming mouse: $54 (save $16) Microsoft Xbox wireless controller: $55 (save $10) Asus TUF A16 16-inch gaming laptop: $800 (save $300) Samsung Odyssey 27-inch curved gaming monitor: $300 (save $300) Samsung 49-inch Odyssey OLED G9 Curved Gaming Monitor: $1,000 (save $500) Are there great deals on home and kitchen appliances? Dyson V8 cordless vacuum: $350 (save $120) Ninja Woodfire Pizza Oven: $330 (save $70) Bella Pro Series slim espresso machine: $100 (save $50) Roborock Q8 Max Plus Robot Vacuum and Mop with Self-Empty Dock: $420 (save $400) When does Best Buy's Memorial Day sale end, and should you wait for other events? What else should shoppers know about Memorial Day 2025 shopping hours and store openings? How does CNET ensure the Best Buy deals are worth your time? FAQs: (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Memorial Day is here, and Best Buy is rolling out some of the best discounts you'll see this season. If you're hunting for great deals on TVs, laptops, gaming gear, or even kitchen appliances, now's the time to shop. Best Buy's Memorial Day sale offers deep discounts on a wide range of tech and home products — but with so many offers floating around, it can get confusing to find the real bargains. That's why we've put together this detailed guide to help you spot the top deals and save big before the sale lovers, you're in luck. Best Buy's Memorial Day sale includes some serious price cuts on popular models. For example, the Samsung 77-inch S90D OLED TV is marked down by $700, now just $1,800. If you want a solid 65-inch option, the Samsung DU6900 is $350, saving $120. Other highlights include:There's something here for almost every budget, from mid-range options to high-end smart Buy's Memorial Day tech deals go beyond TVs. You can pick up headphones, laptops, smartwatches, and more — all at reduced prices. For instance:These deals are perfect whether you want to upgrade your work-from-home setup or gift the latest will find a variety of deals on gaming gear, controllers, and laptops. Here are some of the top offers:If you want to level up your setup, these discounts make it a great time to Buy's Memorial Day sale isn't just about tech — it's also a prime opportunity to save on home appliances. For example, the KitchenAid 27-cubic-foot French door refrigerator is $2,700, saving you $1,000. Other deals include:These are perfect for sprucing up your home with top-rated appliances at lower Buy's Memorial Day sale started on May 19 and will end today, May 26. Since these deals can expire quickly or stock can run out, it's wise to act fast if you see something you want. After Memorial Day, the next big shopping event is Amazon's Prime Day in July. Until then, this sale offers the best chance to grab big discounts on a wide range of Day 2025 falls on Monday, May 26. Many national retailers will be open, including Best Buy (10 a.m. to 9 p.m.), Walmart, Target, and grocery stores like Kroger and Whole Foods. However, banks, post offices, UPS, and FedEx will be closed, and some pharmacy locations may have limited restaurants like McDonald's, Starbucks, Chipotle, and Olive Garden will be open, so you can easily grab food during your shopping trip. It's a good idea to check store hours online or call ahead since hours can vary by deals we've highlighted come from CNET's team of expert shoppers, who vet offers carefully to avoid fake discounts or inflated prices. They check price history, product reviews, and the amount of time the sale will last. This way, you get only genuine, worthwhile deals. CNET also offers free deal alerts via text to help you save money without the Buy's Memorial Day deals include big discounts on TVs, laptops, gaming accessories, and home appliances, with savings up to $700 on popular sale runs from May 19 through Memorial Day, May 26, but deals may expire anytime, so shop early to secure the best prices.
