Klarna is a mobile app that provides point-of-sale loans for online and in-store purchases. You can “buy now, and pay later” at many popular retailers like Bed, Bath & Beyond, Nike, and SHEIN. Continue reading to learn more about Klarna and current promotions.
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How Klarna Works
Klarna is a simple and safe way to get what you want today, and pay for it over time. Choose from the payment plans below:
| PAY IN 4 | PAY IN 4 | PAY IN 4 | |
| Terms | Pay 4 equal installments, due every 2 weeks | Pay nothing for 30 days, then pay the full balance | Pay with a loan ranging from 6 to 36 months |
| Amount due at checkout | 1st installment (balance divided by 4) | $0 | $0 |
| Interest | None | None | 0% – 29.99% |
| Late Fee | Up to $7 | Payment in default | Up to $35 |
There’s also a “Pay Now” option where you use your debit or credit card to pay for the full balance of your purchase through the Klarna app. This is like making an immediate purchase, but when you use the app, you’ll access price-drop notifications, exclusive deals, and other in-app content.
Klarna Features
Klarna has partnered with over 5,000 merchants in the United States, including popular retailers like Etsy, Foot Locker, GameStop, Macy’s and Sephora. You can also use the Klarna app to make purchases at any U.S. retailer that accepts debit and credit cards. This feature gives you more flexibility than the average point-of-sale app.
Klarna performs a soft credit check when you apply for an account, which will not impact your credit score. However, if you opt for the financing option, they will do a hard credit pull, which will show up as an inquiry on your credit report.
Klarna has a rewards program called Vibe. Earn one vibe (or rewards point) for every $1 you spend through the app. You can redeem your vibes for gift cards from Amazon, Best Buy, Sephora and other major retailers.
Klarna Fees
Klarna does not charge any annual fee or membership fee. If you make your monthly payments on time and in full with one of Klarna’s interest-free plans, you won’t have to pay any additional fees. If you miss a payment deadline, you’ll be charged a late fee. Plus, you’ll have to pay interest on late payments (19.99% on average).
There is no penalty for making payments early, or for paying off your balance in full before the final due date.
Current Klarna Promotions
$30 Amazon Gift Card Welcome Bonus
Klarna is offering customers a promotion to get $30 Amazon Gift Card Welcome Bonus with a referral link!
We currently do not have a referral link, however feel free to leave yours in the comment section below.
- Promotion: $30 Amazon Gift Card Welcome Bonus
- Expiration: Limited time offer
- Availability: At Klarna
- How to get it: Sign up for a Klarna account with a referral link to get your $5 welcome bonus!
- Terms & Conditions: Terms & Conditions apply.
(Click here to learn more)
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Bottom Line
Klarna lets you get what you want, with the flexibility of paying over time. It’s a good fit for people who are:
- Looking to purchase a big-ticket item and who can save enough to make on-time payment(s) to Klarna.
- New to credit and don’t qualify for a credit card.
Another option is Afterpay, in which they allow you to buy now and pay later with no fees and no interest.
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