We could say that Klarna is the best app for those who love to shop via the buy now and pay later method. This could be due to their different benefits, payment flexibility, and high purchase power.
This type of application is not very common to handle very high amounts, and many people miss out on it due to a lack of knowledge. Therefore, we will briefly explain Klarna’s purchase power and how to use it.
What does purchase power mean for Klarna?
With Klarna, purchasing power refers only to the limited amount you can use to make purchases. However, this amount is not fixed, so if you know how to take advantage of it, you could have high purchase limits.
Klarna’s purchase power can reach up to $10,000, a very high amount compared to other Buy Now Pay Later options.
On the other hand, there is no limit to the number of purchases you can make to increase your purchase power. You can make as many purchases as possible until you reach the $10,000 limit.
How can I increase my purchase power in Klarna?
One way is to make many purchases in a row since the limit changes according to the number of purchases made. However, it would be best if you kept in mind that this amount will depend partly on the store where you make your purchases and your purchase history.
You can also help increase your purchase power by making all your debt payments on time, making them closer to the date line, and not having any outstanding debt in Klarna.
By doing so, you will be able to build a good track record in Klarna, which is paramount to increasing your purchase power.
Also, the time of day the purchase was made and the store where it was made influences the increase in purchase power. Finally, you may choose to look for ways to increase your credit score by using different forms of credit, as this is one of the fastest ways to increase purchase power.
It is also important to remember how your purchase power could be negatively affected, as would be the case when using a different store than the one you were already shopping at or when changing your payment method.
How can I check how much I have in my Klarna purchase power?
This is done quickly through the Klarna application, so before you decide to change stores or change your payment method, which could affect your purchase power, it is best to take a few seconds to check it, so you don’t miss the opportunity to enjoy higher amounts.
Once you have the application on your mobile device, you can log in with your username and password. After this, you will be able to see your current balance and how much you can use in your future purchases.
To check the purchasing power of your Klarna card, select the “estimated available to spend” option. After that, you will be able to see the power purchase you have and follow one of the tips explained above to increase it up to the amount you want.
Another way to check it is by contacting Klarna’s official email address or scanning the monthly statement Klarna sends its users.
References
-
“How Much Am I Eligible to Spend? | Klarna US.” Klarna: Shopping Levelled-up on a Global Scale, https://www.klarna.com/us/customer-service/how-much-am-i-eligible-to-spend/#:~:text=Your%20Purchase%20Power%20is%20an,and%20payment%20option%20you%20choose.