Buy Now Pay Later -VERY CATOLOGUE

BarGin

Can you make BNPL payments to your Very account with a credit card or would that incur cash charges?

where_are_we

Yes. Very allow credit card payments to your BNPL account. On a 12 month BNPL loan I pay off the full balance about 11 months in, with a 0% purchases Credit Card. That way you get another 18 to 24 months free money on top of the 11 months you got from the BNPL deal. You must have the cash buffer to cover this. You must remember to diarise paying off the BNPL loan and the % purchases credit card in FULL.

MEM62

https://forums.moneysavingexpert.com/discussion/comment/81860363#Comment_81860363

Yes, we get the point - you mentioned it numerous times. No need to shout.

What our opinion in terms of what they should have done is irrelevant. It is an unregulated agreement and they are free to operate in this way. Is it right? Debateable. Are they cynically relying on people up to fail? Also debateable but I am no necessarily convinced. Did they provide you with all the infomation up front? - yes. Should we take responsibulity for our own finances? - yes.

superM

Very do send statements regularly and it clearly says how much interest will be charged if not paid by the end of the buy now pay later deal.

App also shows full details so everything is there. It is easier to miss things and that’s the way the companies make profit.

It is nothing wrong.

Very do accept credit card which is dealt as normal purchase transaction with the card company.

I have paid Very a few times with credit card without any problems.