Waitlist for Klarna Card is now open to US
consumers, enabling flexible payments everywhere
NEW
YORK, April 17, 2024 /PRNewswire/ -- Klarna, the
AI powered global payments network and shopping assistant, today
announced it has opened its waitlist for the new Klarna Card
to all US consumers. The Klarna Card, issued by WebBank, offers
flexible payment options in both physical stores and online,
empowering consumers to make purchases anywhere Visa is accepted;
and with no foreign transaction fees while abroad. On the heels of
the Klarna Card's success in Europe, the new offering follows Klarna's
track record of providing sustainable and flexible payment options
everywhere, and is a welcome alternative to high-cost credit cards
that have hidden fees.
"We're finally bringing the new Klarna Card to the US market, a
product that gives consumers more financial control to choose how
they want to pay," said Sebastian
Siemiatkowski, Co-Founder and CEO of Klarna. "Unlike many
traditional credit cards, the Klarna Card is transparent with no
hidden fees, gives consumers increased payment options,
flexibility, and cashback when they use the card in our app,
meaning they have a smarter way to manage their finances."
In 2023 credit card debt hit a new record high of $1.13 trillion, according to the Federal Reserve
Bank of New York. The Klarna Card
offers a healthier and more sustainable option with payment
flexibility, including an option to pay a monthly statement in full
at zero interest, pay earlier than the statement due date at zero
interest, or to pay over time or move a purchase to the next
statement with interest. This variety of choice grants consumers
the power to budget and manage credit according to their needs,
promoting responsible spending without the pitfalls of traditional
credit cards.
The Klarna Card seamlessly integrates into Klarna's
best-in-class shopping experience with the Klarna app. When
integrating the Card with the app, users can find the best deal and
buy it in just a few taps with a seamless checkout experience. Once
purchased, customers have the option to change how they want to
repay by updating their payment method and track their spending all
in one place, giving them greater financial control.
Key features of the new Klarna Card
include:
- No monthly or annual fee*
- Pay anywhere Visa is accepted, including in-store, online, and
internationally
- Zero foreign transaction fees when shopping abroad
- Earn up to 10% cashback when you use the card in the Klarna
app
- Physical and virtual Visa card compatible with Google and Apple
Pay
- Flexible payment options with no revolving credit,
including:
- Pay monthly statement in full with zero interest
- Pay for transactions early with zero interest
- Move a purchase due date to the next month's statement
(interest applicable)*
- Pay over time on eligible purchases in 3 or 6 monthly payments
(interest applicable)*
- Full spending overview in the Klarna app for financial
budgeting
- Seamless integration with the Klarna app enabling consumers to
find the best deals and integrates fully with Klarna's AI
Assistant
*Price and product features subject to change
The Klarna Card is subject to eligibility based on the following
criteria:
- Users need to be at least 18 years of age
- Have previously purchased with Klarna and repaid on time at
least once
- Pass the credit assessment, based on internal and external
credit checks
A recent survey by Klarna and Harris Poll reveals 41% of
American credit card users are revolving month-to-month, with
approximately one quarter of credit card users (23%) saying they
have paid their credit card late and incurred a late fee, or had a
credit card payment go into debt collection over the last year. In
comparison Klarna's data shows 31% of Klarna BNPL users paid their
bills early, 65% paid on time, and only 4% incurred late fees in
2023. Additionally, Klarna's global default rate stands at less
than 1%, significantly lower than the delinquency rates associated
with credit cards, and 99% of payments are repaid in full and on
time.
Consumers can sign up for the Klarna Card waitlist here, rolling
out over the next few months.
ABOUT KLARNA
Since 2005 Klarna has been on a mission to accelerate
commerce with consumer needs at the heart of it. With over 150
million global active users and 2 million transactions per day,
Klarna's fair, sustainable and AI-powered payment and shopping
solutions are revolutionizing the way people shop and pay online
and in-store, empowering consumers to shop smarter with greater
confidence and convenience. More than 500,000 global retailers
integrate Klarna's innovative technology and marketing solutions to
drive growth and loyalty, including H&M, Saks, Sephora, Macy's,
Ikea, Expedia Group, Nike and Airbnb. For more information,
visit Klarna.com.
Contact:
Shira Rimini
Press@klarna.com
614-962-4605
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SOURCE Klarna Bank AB (publ)