Black friday sale

Couples Finances

How Pay Tgthr can help split your buy now pay later purchases as a couple

With Thanksgiving right around the corner, it’s time to start thinking about those Black Friday/Cyber Monday purchases you’ll make as a couple for your home, friends and family. This time of year, couples are looking to take advantage of deals on big ticket purchases, like furniture, electronics and more. Let’s take a look at a new way to pay for these purchases, and how your Tgthr Card can help you effectively manage your couple’s holiday shopping.

BNPL + Pay Tgthr = More time, smaller payments, and cash back rewards

You’ve probably seen the names of buy now, pay later (BNPL) companies, like Klarna and Affirm, popping up on the checkout pages of your favorite online retailers over the last year. BNPL services allow couples to buy higher cost items -- like clothes, furniture, electronics, and more -- in installment payments over time, rather than paying the full cost up front.

BNPL usage has increased 215% year-over-year, and according to Credit Karma, nearly one-half of all Americans have used a BNPL service to purchase an item they needed. With 41% of Millennials and 36% of Gen Zers reporting using BNPL services in 2021, younger generations are leading the charge on point-of-sale financing.

Pairing a BNPL service with the Tgthr Card allows couples to more easily manage those payments. Using Pay Tgthr, couples can split the cost of a BNPL installment between them reducing the burden on either partner.

Are you two thinking of buying a new TV for the apartment? Let’s say the TV costs $500 and you purchase it on a 4 payment BNPL installment plan. Each installment payment is $125. If you split Tgthr Card purchases 50/50, then using the Tgthr Card as your repayment option, you’ll each only pay $62.50 per installment. What’s more, you’ll both earn cash back rewards as a couple at the same time!

In fact, Pay Tgthr couples have already made more than $5,800 in timely installment payments to BNPL services! With Pay Tgthr and BNPL, you get more time to pay, smaller payments and earn rewards!