How Snap Finance compares to Klarna
Looking to spread the cost but unsure whether to use Snap or Klarna? Here's a simple breakdown of how we compare, so you can choose the option that works best for you.
What you need to know
Snap Finance and Klarna both help shoppers spread the cost, but they work in different ways.
Klarna is often used at checkout for short-term payment options, while Snap Card is designed to help with bigger planned purchases over a longer period. With Snap, you can apply before you shop, get an approved amount on a virtual card (it works like a debit card), and spend across multi retailers in the Snap network over 30 days.
Snap Finance vs Klarna
Feature | Snap | Klarna |
|---|---|---|
Terms available | ||
Pay in 3 | ||
Pay in 4 | ||
Interest free up to 12 months | ||
18 to 48 months | Up to 48m | Up to 36m |
Longer terms (48m+) | ||
Max loan / order value | £3,000 | No set limit* |
Loan Type | ||
Single-use (per purchase) | ||
Multi-store wallet / card | Yes (Snap Card, 30 days) | Yes (Klarna Card) |
Credit Limit | £250 – £3,000 | No fixed limit* |
No deposit needed | ||
How does buy now, pay later work?
With Snap’s Buy now, pay later card you can borrow from £250 to £3000.
Different providers work in different ways. Some options are offered directly at checkout. Others, like Snap Card, let you apply before you shop so you know what you could be approved for before making a purchase.
With Snap Card, your approved loan is loaded onto a virtual card. You then have 30 days to spend at selected retailers. After that, you only repay what you've spent, spreading it over the term you choose - from 18 to 48 months.
How Snap Card works
Applying for a Snap Card is quick and easy - it only takes a few minutes. You'll receive a decision within seconds, letting you know if your application has been approved. Applying won't affect your credit score unless you choose to proceed with you Snap Card loan.
1. Quick check
Complete our short form in minutes to check your eligibility without affecting your credit score.
2. Get your decision
We'll give you an instant decision so you know where you stand.
3. Start spending
If you're approved, use your Snap Card online or in-store and only pay back what you spend.
Your Snap questions, answered!
Key things to know about your virtual card.
How do I use my virtual card?
Your card is a virtual VISA card. Its pre-loaded with the amount you were approved for and is ready to use. You can use it to purchase your goods. You are free to spend any value up to and including the total approved limit.
You can use your virtual card online, on the telephone or in-store. To use your card online or via the telephone simply quote your 16-digit card number, expiry date & security code. When viewing your card in the app, click the icon next to the card number to copy it, making pasting it into the checkout straightforward.
When spending in-store you can use your card as you would any other debt card by using a contactless payment. Furthermore, you can add your virtual card to your Google Pay or Apple Pay wallet.
You have 30 days to use the card and make your planned purchases.
How do repayments work?
After 30 days, whatever you’ve spent on your card becomes your loan which you repay on a monthly term that suits you. Your first payment is due on the selected day of the month, a minimum of 7 days after the spend window closes.
How does loan term impact approval amount and APR?
The APR you receive may change based on the loan term you select. The loan approval amount may also vary. Different term lengths can impact your rate and available budget. Make sure to choose the best option for you.
Have more questions?
Visit our FAQs page for more frequently asked questions.
