The offer may sound tempting, given today's record-high interest rates on debt, which now average 20.5% for credit cards, according to Bankrate.
Credit card buy now, pay later plans include American Express Pay It Plan It, My Chase Plan and Citi Flex Pay.
While those BNPL companies are acting more like credit card issuers, the latter, in turn, have taken on features similar to BNPL, he noted.
The choices come as rising interest rates have made carrying debt more expensive.
The latest data shows consumers are struggling under rising balances, with total credit card debt recently topping $1 trillion for the first time.
Persons:
Ted Rossman
Organizations:
American, Citi, Finance