Millions of Americans are planning summer trips and using buy now, pay later services like Klarna and Affirm to cover costs. 18% of summer travelers planned to use BNPL this year, with a 50% increase in travel bookings for Klarna and a 38% rise in travel-related volume for Affirm in late 2024. Despite the appeal of no upfront costs or interest, experts caution that BNPL may not always be a wise choice. BNPL loans have zero flexibility and can lead to overextension, with 63% of borrowers having multiple loans at a time. Before using BNPL, consider alternatives like credit card points or budget hotels to avoid long-term debt burdens.

Read more at Yahoo Finance: Expert Warns Against Buy Now, Pay Later Travel Trend