Credit card vs Buy Now Pay Later: Which is the best option, know the difference between the two

In today's time, many people like to do online shopping. Independence-day sale is going on on many online shopping platforms. In this, along with the sale of goods, you also get many offers like cashback and rewards. Many online shopping platforms offer credit card and BNPL (Buy Now Pay Later) options to the customer. In such a situation, you must know that which of these two options is the best for you?
BNPL is a loan in a way. In this, you pay at a fixed time after shopping. If you do not pay within the stipulated time, you may have to pay a penalty.
Whenever you shop online and pay for it with your credit card, you get benefits like cashback or rewards. WhereasNPL you do not get any facility like cashback,.rewards. In this, you have to pay after a few days of shopping. For this, the customer has 20 to 50 days. If there is a delay in payment, you have to pay a penalty.
Apart from this, customers also get a special facility in BNPL. In this, the customer can also pay his outstanding bill in three installments. If the customer pays in installments then there is no additional charge for the same. In BNPL the customer can also carry forward the outstanding amount after paying a minimum amount.
Both credit cards and BNPL have to be paid in a fixed time. In this, you can shop only up to your credit limit. Apart from this, you also have to pay penalty for late payment in credit card and BNPL.
If you do online shopping, then you can also select any one of the two options. If you do shopping with a credit card then it will be very beneficial for you. The reason for this is that when you pay with a credit card, you get the benefit of cashback and rewards. You do not get this bpaymentsoonBNPL. Oncards the other hand, if you do not have money, then you can select the option of BNPL. You should always take care that you pay BNPL on time.