Credit Cards and BNPL by Helen Hamblin https://padlet.com/hhamblin/xqlwpeslprn4pful Post what you know about credit cards and BNPL programs (eg Afterpay) en-us 2021-05-31 14:06:49 UTC 2021-05-31 23:28:57 UTC hello@padlet.com Zippay https://padlet.com/hhamblin/xqlwpeslprn4pful/wish/1574571955 A payment service that lets customers receive their purchase straight away and spread the total cost over a customised interest-free payment schedule.
Eliza]]> 2021-05-31 23:20:47 UTC https://padlet.com/hhamblin/xqlwpeslprn4pful/wish/1574571955 After Pay https://padlet.com/hhamblin/xqlwpeslprn4pful/wish/1574572801 After pay is a service that allows you to buy a item and pay it off in 4 payments, you get to bring home the item and every fortnight you pay off a payment. If you do not pay a payment on the day it is due then you will be charged a fee
Kayla]]> 2021-05-31 23:21:37 UTC https://padlet.com/hhamblin/xqlwpeslprn4pful/wish/1574572801 https://padlet.com/hhamblin/xqlwpeslprn4pful/wish/1574573366 Afterpay works by splitting the cost of your purchase into four, equal payments, which are made every fortnight. But if you miss a payment, or don't have enough money in your account for a direct debit, you'll then be charged a $10 late payment fee.
Paris]]> 2021-05-31 23:22:07 UTC https://padlet.com/hhamblin/xqlwpeslprn4pful/wish/1574573366 Debit Card https://padlet.com/hhamblin/xqlwpeslprn4pful/wish/1574573396 A debit card allows you to pay for things with money in a linked checking account.
mikaela]]> 2021-05-31 23:22:09 UTC https://padlet.com/hhamblin/xqlwpeslprn4pful/wish/1574573396 Can you add something about the differences between credit cards and Afterpay? Do you have any further info about charges or interest rates? hhamblin https://padlet.com/hhamblin/xqlwpeslprn4pful/wish/1574575754 2021-05-31 23:24:21 UTC https://padlet.com/hhamblin/xqlwpeslprn4pful/wish/1574575754 Credit Card https://padlet.com/hhamblin/xqlwpeslprn4pful/wish/1574577007 A card which allows for its holder to pay for things based on the cardholders accumulated money. 
Different banks will have different interest rates and will also have different amounts of money you can take out per day.
Isabella D]]> 2021-05-31 23:25:33 UTC https://padlet.com/hhamblin/xqlwpeslprn4pful/wish/1574577007 Is there a trap? hhamblin https://padlet.com/hhamblin/xqlwpeslprn4pful/wish/1574579829 If a payment is not processed on or before the due date, late fees will apply – initial $10 late fee, and a further $7 if the payment remains unpaid 7 days after the due date. For each order below $40, a maximum of one $10 late fee may be applied per order. For each order of $40 or above, the total of the late fees that may be applied are capped at 25% of the original order value or $68, whichever is less. 

If you’re wondering about the annualised equivalent of 25% over eight weeks, it’s a whopping 162.5% interest per annum. 

]]> 2021-05-31 23:28:01 UTC https://padlet.com/hhamblin/xqlwpeslprn4pful/wish/1574579829 What are credit card interest rates? hhamblin https://padlet.com/hhamblin/xqlwpeslprn4pful/wish/1574580825 2021-05-31 23:28:42 UTC https://padlet.com/hhamblin/xqlwpeslprn4pful/wish/1574580825