Bread Buy Now Pay Later

Must Try

What Is Bread Financing Buy Now Pay Later With Bread Payments

‘Buy now, pay later’ purchases surge over Black Friday week as experts urge caution

Posted on Last updated: April 9, 2022

Disclosure: This post may contain affiliate links, meaning we get a commission if you decide to make a purchase through our links, at no cost to you. Please read our disclosure for more info.

If youve ever wished you could buy now and pay later a high ticket item like a new mattress, AC unit or even CPAP sleep machine without dealing with crazy high-interest rates, check out Bread Financing. Unlike a credit card, Bread offers flexible and affordable financing terms for consumers.

The buy now pay later platform provides short-term loans that splits up your payment. You choose the terms and can see the interest rate before you accept the loan, choosing from four equal installments or longer term loans.

Is Bread Payment worth it? Read this review to find out.

In This Post:

The Absolute Worst Experience

THE ABSOLUTE WORST EXPERIENCE I have EVER had with a financial transaction, truly shameful and they should be EMBARRASSED.COMENITY bank, who I have 2 credit cards with, should review how they handle this. The representative that I spoke with to “confirm” my identity was not understandable, asking questions with peoples names that she could not pronounce, but I am supposed to decipher what she says, her phone connection made it worse, was a waste of time and I would have missed a sale since it took so long, THERE ARE BETTER OPTIONS, just look around.

Date of experience:June 03, 2022

Bread Financing Mattress& Bedding Stores

List of mattress and bedding stores that accept Bread Financing.

Shaggy’s Skis Skis & Snow Equipment

Are we missing any Bread financial stores? Leave a comment, and we will update the list as we learn of more stores that accept Bread for payment. If you are a merchant that would like to be added or recommended, please contact us.

If you do not qualify for a Bread installment loan, we suggest checking out Apple Pay, Affirm, Klarna and/or Zibby. Or check out our huge list of all stores that offer payment plans. Looking for Afterpay stores, here is our comprehensive guide!

Need to check your Bread balance, simply login to your GetBread account here by entering the retailer you purchased from.

Don’t Miss: How To Do A Pie Chart

Other Buy Now Pay Later Methods That You Can Use To Shop Electronics

ClearpayLaybuy AffirmAfterpay Klarna Zip PayAcceptance NOWAcima Bread PaymentsDEKO GetFinancing KatapultPartial.lyProgressive LeasingSezzle Snap FinanceSplitit

About our website

Obillex is a website that aims to create a complete overview of the different payment methods you can use to purchase products online.

Disclosure

Obillex is a reader-supported website. If you click on a link and purchase an item we may earn a commission at no extra cost to you. Read our affiliate disclaimer.

Address

How Bread Financing Works And How To Apply

Bread Buy Now Pay Later Stores

To use Bread, make sure that you are shopping with their e-com partners. Also, you need to create an account on their member portal site so they can verify if you are a legit shopper. Furthermore, not all aspirant borrowers can get approval, so to know if you are eligible for a loan, apply for their pre-qualification assessment.

Bread repayment terms vary from six to twelve months, and in some cases, one can pay up to twenty-four months depending on their credit score and history.

As you browse the merchandise in the store site, you can automatically see the payment options via Bread near the Add To Cart button. Once you are done selecting your desired merchandise, we highly recommend reviewing them all in your cart before proceeding to the checkout page. It is to make sure that you are buying the right merchandise and avoid paying for the wrong ones. After all, you are only borrowing money for your online purchase.

When you are ready to complete your purchase, proceed to the checkout page, then select payment via Bread. You still need to fill up their online application form and wait for the loan approval. Once approved, choose your desired payment plans that suit your monthly budget, and you are good to go.

You May Like: Nothing Bundt Cakes Gainesville Fl

Who A Bread Loan Is Good For

A Bread loan may make sense if you dont have the cash to pay for a big online purchase upfront but want to avoid using a credit card . Its also a good option if youre able to qualify for a low interest rate and are confident that you can make your fixed monthly loan payments until the loan is paid off.

But if you like the freedom of making online purchases from any merchant you choose, Bread might not be the best option. Since you can only get a Bread loan from participating retailers, this could limit where you shop online or what types of items you can buy.

If you look at your budget and decide a Bread loan isnt right for you, consider saving up for the item you want instead, so that you wont have to worry about interest charges or missing payments.

Not Sure If Bread Financing Is Right For You Consider These Alternatives

  • Afterpay: Afterpay is another buy-now, pay-later lender, but it lets you split your purchase into four equal installments. You wont pay interest if you pay on time.
  • Acima: If you think youll pay off your purchase early, Acima may be a good fit. It works similarly to Bread but offers an early payoff discount.

About the author:

Resources

Recommended Reading: Chicken Pot Pie Recipe Puff Pastry

How To Buy Flights With Bread

Buying flights with Bread and Alternative Airlines is really straightforward. Just follow these steps:

  • 1

    Use Alternative Airlines to search for flights between any destinations and on any dates.

  • 2

    We’ll show you all flights from all airlines available on your chosen dates. Pick the flight that you want to buy and confirm your flight.

  • 3

    Select Bread at checkout. Once you select Bread, you’ll need to quickly sign-up to create an account. Once signed up, you’ll have the option to choose SplitPay or the Installment option.

  • 4

    If choosing SplitPay, your flights will be confirmed straight after you make your 1st payment at checkout. If choosing the Installment option, your flights will be confirmed right away. Payments will be taken automatically for whichever option you choose .

How To Apply For A Bread Loan

Expert: More shoppers opting to ‘buy now, pay later’

To make a purchase with Bread, youll need to apply directly through a participating retailers website. You may find Breads financing option on the retailers homepage, a financing page or when you check out.

If you arent fully committed to making a purchase yet and want to see what rates you may be offered, Bread also allows you to apply for prequalification through a participating retailers website. To check your potential rate, youll need to enter your full name, email address and mobile phone number.

Next, Bread will send a four-digit token to your mobile phone. Once you enter it, youll be asked to complete the prequalification form with some additional personal information.

If you prequalify, youll receive your proposed loan amount and terms . If you agree to a loan term, you can select it during checkout and apply for final approval.

Don’t Miss: Lowest Carb Whole Grain Bread

How Does Bread Payments Work

Its easy to use Bread Financing. If its available at the retailer youre shopping with, it will show up on their website and even during checkout. If you choose Bread as your payment option, youll enter your personal information and get pre-approved in minutes.

Bread finance provides you with options, which may include a short-term 0% APR option and longer-term options with higher interest rates. Choose your option and checkout. If you choose the pay in four equal monthly installments option youll pay 25% of the purchase when you buy it. If not, youll follow the installment loan terms, which includes the option to set up automatic payments and/or prepay your loan with no penalty.

Bread Financial And Versatile Credit Team

Versatile Credits platform paired with Bread Financials BNPL technology offers customers increased financing flexibility and a seamless checkout experience

COLUMBUS, Ohio, November 28, 2022—-Bread Financial Holdings, Inc. , a tech-forward financial services company that provides simple, flexible payment, lending and saving solutions, today announced a new relationship with Versatile Credit Inc., a leading provider of innovative solutions linking bank lenders with consumers applying for credit in retail stores. Through Versatile Credits platform, Bread Pays buy now, pay later installment products will now be available to participating Versatile Credit merchants and their customers.

For the first time, these customers will now have access to BNPL financing at the point of sale both online and in-store giving them more financial choice and flexibility at checkout. Customers can pre-qualify for Bread Pay in a matter of seconds, immediately apply the financing to their purchase, and pay for their purchase in equal installments over time.

“Our partnership with Versatile allows us to increase distribution of our BNPL products in-store, while expanding opportunities in priority markets like elective medical and home improvement,” said Val Greer, EVP and chief commercial officer, Bread Financial. “Together were providing consumers greater options with the access to modern, innovative financing at checkout that they demand.”

About Bread Financial

Contacts

Also Check: Recipe Carrot Cake With Pineapple

A Closer Look At A Bread Loan

Here are a few other things you should know about Bread loans.

  • Payments are reported to credit bureaus. Since Bread reports to the credit bureaus , your credit scores may be affected with a Bread loan. This can go both ways though: Making late payments can hurt your scores, but making your payments on time can help you build a positive credit history.
  • Multiple loans are possible. You can take out more than one Bread loan at a time if you make multiple purchases.

Loan Payments With A Credit Card Arent Accepted

Promo Bread Board

You can make payments on a Bread loan with a check, debit card or your bank account. Since you wont be able to pay with a credit card, youll need the cash to pay for your loan every month. Thats not necessarily a bad thing, though, since you may be less likely to be tempted by a purchase you cant afford.

Read Also: Chicken Pot Pie Order Online

Fixed Monthly Payments And Rates

If you want to finance an online purchase, a Bread loan may help you budget by splitting the cost into equal monthly payments with a fixed interest rate. This way youll know exactly how much youll need to pay each month, and youll have a set timeline for when the loan will be paid off.

You may prefer that to a credit card, where you only have to make a minimum monthly payment, but youll likely pay interest on any outstanding balance and you wont have a fixed end date for your debt. If you only make the minimum payments on your credit card, it will likely take you longer to pay off debt and you likely end up paying more in interest, too.

Start The Set Up Today

Pay Later powered by Bread Pay is an easy set up for merchants, and an even simpler experience for customers. If youre interested in setting up Bread Pay for your business, please review the qualification criteria below and apply.

Were offering BNPL solutions through Clover for select merchants who qualify with general guidelines listed below.

  • Merchant must be using Clover hardware
  • Merchant must sell direct to consumer goods only in the retail, home, and auto industries
  • Merchant eligibility subject to additional criteria in the application process including average ticket, annual sales, and goods sold

Also Check: Best Cherry Pie In Traverse City

Pay Later For Flights Using Bread

Bread isn’t available at Alternative Airlines at this time. But, don’t worry. We’ve got lots of other ways for you to buy flights now and pay later.

Why not pay with Afterpay, Affirm or Sezzle? They all work the same way as Bread and let you buy your flights now and pay back the cost at a later date. Or, you can check out our other buy now pay later options:

Interest Rates Are Competitive

What is BNPL? Shoppers turning to buy now, pay later

Bread loans come with competitive interest rates in some cases, you may be able to get a no-interest loan with Bread. But your interest rate depends on your and other factors, so you may not be offered the lowest rates if you have rough credit or no .

Loan terms will vary depending on the retailer but may range from three months to 36 months.

Recommended Reading: Campbell’s Easy Chicken Pot Pie With Biscuits

Truly The Worst Company To Deal With

Truly the worst company to deal with, I have a debt consolidation loan with Bread and the payment to one of my creditors never went through. I’m currently waiting for a response from the company, and when I call them all I get is a person reading a pre written response to my problem telling me it takes five to seven days to find the issue. When I tell them that five to seven days have already past, they repeat it could take another five to seven days, meanwhile I’m paying interest on money from them and the creditor they were supposed to pay off. As soon as this problem is corrected I’m looking for another company and paying Bread off. BEWARE this company

Date of experience:August 18, 2022

Bnpl: Bread Financial Versatile Credit To Introduce Buy Now Pay Later To The Versatile Platform

By Omar Faridi

Bread Financial Holdings, Inc. , a tech-forward financial services company that provides simple, flexible payment, lending and saving solutions, announced a new relationship with Versatile Credit Inc., a provider of innovative solutions linking bank lenders with consumers applying for credit in retail stores.

Through Versatile Credits platform, Bread Pays buy now, pay later installment products will now be available to participating Versatile Credit merchants and their customers.

For the first time, these customers will now have access to BNPL financing at the point of sale both online and in-store giving them more financial choice and flexibility at checkout.

Customers can pre-qualify for Bread Pay in a matter of seconds, immediately apply the financing to their purchase, and pay for their purchase in equal installments over time.

Val Greer, EVP and chief commercial officer, Bread Financial, said:

Our partnership with Versatile allows us to increase distribution of our BNPL products in-store, while expanding opportunities in priority markets like elective medical and home improvement. Together were providing consumers greater options with the access to modern, innovative financing at checkout that they demand.

Versatile Platform merchants can now provide their customers with a simple, convenient, and transparent way to buy the things they want now and pay for them over a period of time.

Read Also: St Jean Pied De Port To Santiago

What You Need To Know About A Bread Loan

Bread is a financing platform that allows you to make online purchases with participating retailers and pay for those purchases over time. Bread is not a direct lender though when you finance a purchase through Bread, youre actually applying for a short-term installment loan from Cross River Bank.

Bread finances items like furniture, technology, jewelry and other goods.

You can see if you prequalify, review loan terms, and use approved funds to check out directly on a participating retailers online store. But Bread doesnt list all of its partners on its website, which could make it more difficult to research financing ahead of time.

Bread Financial Expands Buy Now Pay Later Offering To Versatile Credit’s Platform

Promo Bread Board

Bread Financial Holdings, Inc. Max Gottlich

cunfek/E+ via Getty Images

  • Bread Financial Holdings is working with Versatile Credit, a provider of solutions linking banks with consumers applying for credit in retail stores, to open up its Buy Now, Pay Later installment products to Versatile’s platform, it said Monday.
  • Versatile merchants and customers will now gain access to Bread Pay’s BNPL financing both online and in-store, enabling them more financial flexibility at checkout since they can pay for their purchase in equal installments over time.
  • The move is set to grow Bread’s installment loan offering even at a time when BNPL providers face interest-rate headwinds such as higher funding costs.
  • âOur partnership with Versatile allows us to increase distribution of our BNPL products in-store, while expanding opportunities in priority markets like elective medical and home improvement,â said Val Greer, executive vice president and chief commercial officer at Bread Financial.
  • During the low interest rate era, Alliance Data Systems expanded in installment loans with $450M Bread purchase.

Recommended For You

Don’t Miss: King Arthur Gluten Free Carrot Cake

Terrible Website Difficult To Contact

Someone tried using some of my personal information for a fraudlent credit application. After reporting to crime and fraud prevention agencies I tried to contact the company to inform them and rrquest my details be purged.Their website is amateur to say the least. They have no email addresses and can only be contacted via post or phone. I’m in the UK, they are in the US and they don’t even explain which of their addresses are for what purposes, this can only be determined if you have a card issued by them.I wish them the best of luck if they ever recieve a GDPR sar or data removal request!

Date of experience:August 02, 2022

Bread Financing Vs Affirm Which Is Better

Many people compare Bread Financing vs Affirm since they offer similar services. However, qualified candidates can borrow more with Bread Payments than Affirm. If youre trying to build credit, Bread Financing is a better option too because they report to the credit bureaus Affirm only sends to the credit agencies under specific scenarios, not all loan data is tracked on your credit report.

Affirm will not report a loan to Experian if the loan is 0% and 4 biweekly payments or you were only offered one option at application of a three month payment term with 0%.

For other loans, Affirm may report your payment history to Experian. Affirm does report loans with delinquent payments, which may have a negative impact on your credit score.

If you make your payments on time, reporting them to the credit bureaus can help you build a solid credit history.

Don’t Miss: Pot Pie Co San Diego

Popular Recipes

More Recipes Like This