Klarna launched its premium membership model in the US, per press release. Klarna reported 1 million sign-ups for its memberships ’s in its most recent earnings, suggesting that some European users found tiers to be cost-effective. BNPL rivals should make using installment loans for big-ticket items—a key growth area for providers—as easy as possible, like by offering 0% interest holidays, instead of promoting toothless rewards structures. For issuers offering card-linked installments, hammering home their flexibility with the added benefit of credit card rewards will be valuable to secure consumer loyalty, especially for Gen Zers who are dubious of credit cards.

Bilt partnered with United Airlines, offering 2X miles to customers who use their United co-brand card to pay their rent through Bilt’s platform. Bilt is trying to extend travel offers to members, but clumsy economics may get things off to a slow start. While Bilt stands to earn valuable margins through third-party card payments, the cost-ineffective nature of using this promotion will likely yield low returns. Competitors like the Made Card could trial a more straightforward travel rewards program centered on their own card.

US employers have announced over 1.1 million job cuts this year, the most since 2020 and a 54% increase YoY, according to Challenger, Gray & Christmas. The report, alongside similarly soft numbers from ADP, is unlikely to stem the decline in US consumer confidence. While the end of the government shutdown eased some anxieties, households remain concerned about the weakening labor market and rising inflation. These concerns could weigh on holiday spending by pushing shoppers to reduce their budgets and prioritize essentials.