BNPL and credit cards both have their own benefits and flaws. Read the following key differences before opting for any of the methods: Universal acceptance: Credit cards have better universal acceptance than BNPL apps. Access: BNPL offers instant and easier access to credit than a credit card Interest: For BNPL schemes, the interest is charged only when the user opts for longer repayment tenure, much beyond the interest-free credit period. Credit cards charge interest on the due amount if not paid timely. Charges: While some credit cards are free, many involve charges like joining fees, and renewal/annual fees, which can higher for the more premium cards. BNPL options may or may not come with any such fees. Usually, bank-based BNPL apps do not charge a processing or joining fee. Interest-free period: While credit cards typically have an interest-free credit period of up to 45 days, BNPL usually offers an interest-free credit period of up to 15 days in most cases. However, some BNPL lenders now offer an interest-free period of up to 45 days. In fact, some BNPL providers ever offer a longer interest-free period. For instance, Uni provides an interest-free credit period of 3 months to its consumers using its Paylater card. Eligibility: Not everyone credit card applicant gets approval as card companies and banks decline many applications that do not meet their strict eligibility criteria. However, most of these consumers can easily get the BNPL option easily. Credit limit: For most BNPL apps, the overall shopping usage is restricted to an aggregate of Rs. 60,000 a year. If your requirement is bigger, you may either opt for full KYC or go for a credit card with a higher limit.