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Pay Later Apps vs. Credit Cards: Which is the Better Option?

Hi Readers! Are you one of those customers tired of carrying bulky wallets filled with multiple credit cards? Do you need help to keep up with your monthly credit card payments? If so, you may be interested in exploring the world of pay later apps. In this blog, we will compare pay later apps with traditional credit cards to help you determine which option is better for your financial needs.

The Rise of Pay Later Apps

Pay later apps in India have gained popularity among online consumers in recent years. These apps allow you to make purchases and pay for them later, often with no interest or fees if paid within a specific timeframe. Companies like Afterpay, Klarna, and Affirm offer some convenient payment methods. All these allows you to split your purchase into smaller, more manageable payments.

The Benefits of Pay Later Apps

Ease of Use: Pay Later Apps in India

Best Pay later apps are incredibly easy to use. All you need to do is download the app, create an account, and link it to your preferred payment method. From there, you can start making purchases and selecting the pay later option at checkout.

No Interest (in most cases):

One of the most significant advantages of paylater app is the absence of interest charges. Unlike credit cards, where interest can accrue over time, pay later apps typically offer interest-free payment plans if you make your payments on time.

Budgeting Assistance:

Pay later apps can help you budget and manage your expenses. Since you can see upfront how much each payment will be, it becomes easier to plan your finances and ensure you have the necessary funds available.

The Drawbacks of Pay Later Apps

Limited Acceptance:

While Pay later apps are gaining popularity, they may only be accepted at some retailers. This limitation can be frustrating if you’re trying to purchase and the pay later option isn’t available.

Impact on Credit Score:

Pay later apps may not directly impact your credit score because they don’t typically report to credit bureaus. However, failing to make your payments on time could lead to collection efforts and negatively affect your creditworthiness.

Risk of Overspending:

Buy now pay later India apps can make it tempting to overspend since you don’t have to pay the full amount at the time of purchase. If you’re not careful, you could be in a debt cycle.

Popular Buy Now Pay Later Apps in India

In recent years, the concept of “buy now pay later India” has gained significant popularity among consumers in India. This convenient payment option allows shoppers to purchase goods and services immediately while deferring the payment to a later date. With the help of technology, several apps have emerged in the Indian market to provide seamless buy now pay later services. In this section, we will explore some of the popular buy now pay later apps in India and compare their features and benefits.

Buy Now Pay Later Apps in India


LazyPay, a leading buy now pay later app by PayU India, offers a hassle-free payment experience to its users. With LazyPay, you can make online purchases and settle the payments later. The app provides a credit limit based on your transaction history and creditworthiness. It offers flexible payment options, including EMI (Equated Monthly Installments), and allows you to pay your bills on a monthly basis. LazyPay is widely accepted across various online platforms, making it a convenient choice for users.


Simpl is another popular buy now pay later app in India that aims to simplify payments for consumers. With Simpl, you can make purchases and pay the amount later in easy installments. The app provides a single-click checkout experience, eliminating the need for entering card details or OTPs for every transaction. Simpl also offers personalized credit limits based on your transaction history and allows you to track your spends through the app. It is widely accepted across e-commerce platforms and food delivery apps, making it a preferred choice for many users.


ePayLater is a buy now pay later app that offers a credit line to users for making purchases. The app allows you to transact on various platforms and choose from flexible payment options, including EMI and pay later in a single click. ePayLater also provides a convenient checkout experience by eliminating the need for entering card details for every transaction. Additionally, the app offers features like transaction history, reminders for due payments, and the ability to split large transactions into smaller EMIs.


ZestMoney is a popular buy now pay later app that provides instant credit to users for making purchases. The app offers a flexible credit limit and allows you to convert your purchases into easy EMIs. ZestMoney is widely accepted across multiple online platforms and offers a seamless payment experience. The app also provides features like personalized offers, real-time transaction tracking, and the ability to prepay your EMIs without any additional charges.


Kissht is a buy now pay later app that allows users to make purchases on credit and pay later in installments. The app offers various payment options, including EMIs, and provides a simple and quick approval process. Kissht is accepted in a wide range of categories, including electronics, furniture, fashion, and more. It also provides features like transaction tracking, reminders for due payments, and the ability to foreclose your loan without any prepayment charges.

Amazon PayLater Apps

Those who are approved for Amazon Pay Later can get instant credit of up to a certain amount. Amazon Pay Later usually has a credit limit of a few thousand rupees. You can make larger purchases on Amazon and other participating merchants with a higher credit limit, but you should also be financially responsible and only borrow what you can afford to repay.

The Benefits of Credit Cards

Widespread Acceptance:

Unlike pay later apps, credit cards. They are widely accepted and can be used for purchases at almost any retailer. This convenience makes credit cards a reliable payment option regardless of where you’re shopping.

Opportunity for Rewards:

Many credit cards have rewards programs to earn points, cash back, or airline miles for your purchases. These rewards can add up over time, resulting in significant savings or free travel.

Established Credit History:

Responsible use of credit cards can help build and strengthen your credit history. You can demonstrate responsible borrowing behavior to lenders by lowering your credit utilization and making on-time payments.

The Drawbacks of Credit Cards

1. Interest Charges:

Carrying a balance on your credit card from month to month could result in a significant amount of interest charges. Credit cards have notoriously high-interest rates.These charges can quickly add up and make your purchases much more expensive in the long run.

2. Potential for Debt:

Credit cards can simplify overspending and accumulating debt. With a high credit limit, making purchases beyond your means can be tempting, leading to financial stress and difficulty paying off your balance.

3. Annual Fees:

While not all credit cards charge an annual fee, some do. You may have to pay this fee to maximize your credit card’s benefits and rewards.

Which Option Is Right for You: Pay Later Apps or Traditional Credit Cards

Whether paylater apps or credit cards are the better option depends on your financial situation and spending habits. If you struggle with credit card debt and want to avoid interest charges, pay later apps can be a helpful alternative. On the other hand, if you value the convenience and widespread acceptance of credit cards and can responsibly manage your credit, a credit card may be the better choice.

Ultimately, it’s essential to weigh the benefits and drawbacks of each option and choose the one that aligns with your financial goals. Whether you opt for a Pay Later app or a credit card, remember to make your payments on time and use your chosen payment method responsibly to avoid unnecessary debt and financial stress.
In conclusion, pay later apps are a convenient and interest-free way to make purchases and manage expenses, while credit cards offer widespread acceptance and potential rewards. Consider your financial needs and preferences to determine which option fits you better.

Read more Finance blogs here.

David Scott
David Scott
Digital Marketing Specialist .


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