#BnplGoingToZero, page-292

his understanding of the model is flawed

I’ve never carried more than a $10k credit card limit, as I don’t like debt, unless it’s free and I love BNPL for consumables and cheap items. I could buy most relatively large purchases (within reason) in cash, but why would I, when it’s all tied up elsewhere

it makes no difference how much excess cash someone makes, interest and fee free debt for smaller consumables is ideal.

it’d like an offset account on a mortgage, using a credit card to ensure compounding in the principal account to reduce interest on the home loan, or borrowing for a car on a residual with a very low interest rate, a lower rate than the interest you can make on the principal you could have used to buy the car, going into a standard ETF.

BNPL is a proven model for payment imo, and has little to do with earning or borrowing capacity, when it’s marketed for small every day purchases to help manage debt and cash flow.

not investment advice dyor