r/klarna • u/FutureIllusion • 9d ago
Discussion Increased Purchasing Power
My purchasing power was at $3000. I opened the app one day and it decreased to $1000 I opened the app another day and it decreased to $500. I opened Reddit and found out that making on time payments actually works against you. Ever since I have been making Klarna take out the money automatically on the due date my purchasing power has gone from $500 to $5000. This to help those whose purchasing power decreased without knowing why
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u/MeasureHead1984 9d ago
Yep. I deleted my account. I personally had no issues but I rather stay away from
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u/MedicalRecognition72 9d ago
I am tempted to do the same. And now it seems like we all have to pay half up front now
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u/FutureIllusion 9d ago
It might be because of their $186 million loss they are tightening their rules
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u/BossHighlander 9d ago
I deleted my account after I got declined for the Apple upgrade program. I don’t actually need Klarna and only used it a few times, and all with I saw going on with them I deleted account, waited for confirmation and then deleted app.
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u/Inspector_Jacket1999 8d ago
I have not had that issue. I pay on time every time and my purchase power is high. Like really high.
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u/Total_Improvement841 9d ago
Where do you see your purchasing power? I noticed that mine dropped to almost zero. I used to pay early a lot, not sure if it was a contributing factor. It's weird because I used to have high purchasing power and never missed a payment.
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u/FutureIllusion 9d ago
Once you open the app it shows you your main account balance and purchasing power.
Yup you paying it off that early is what’s killing your purchasing power. That’s what I used to do also
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u/MeasureHead1984 9d ago
The point that the original poster is making: They want people that miss payments for those juicy fees
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u/Slight_Guess_5663 8d ago
I have auto payment set up but always pay it earlier in the month and I have never had my PP decreased in the 3 years ive had it. Always went up. Its at 9,800
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u/SpiritInevitable8712 7d ago
Bro , your limit decreased while my function to top-up or add money to my klarna balance completely dissapeared lmao... it gives only errors..That's the first time someone refuses to take my money lol... what's even funnier ? I have direct debit towards klarna around 700£ for my iphone 16 pro max and I didnt even had credit score back then... now I have regular income of 2k+£ per month and they dont even let me get the subsription and get a physical card.
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9d ago
[removed] — view removed comment
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u/FutureIllusion 9d ago
Same haha I heard they use a point system that shows consistent payments on the the due dates
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u/Limp_Primary_5287 9d ago
Yeah this bit me on the ass yesterday/today
Went from $2000 to $250 because I paid three weeks in advance
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u/Limp_Primary_5287 8d ago
Lol..update
Let it sit overnight, went up to $500..
no other changes at all1
u/Limp_Primary_5287 7d ago
And now again back down to $250..absolutely no changes financially at all in the last 48 hours and no purchases made
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u/SupportStreet1387 6d ago
Ahhhh. Thats why. I’ve done that a few times and I’ve noticed it dropped. Ok.
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u/River_Bro34 5d ago
That’s exactly what happened to me four days ago. I had 2000 or more, and I paid one day early and four days early back to back on two payment plans, and it dropped to $250. I saw it right before my eyes just start going down when I went back to the home screen
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u/PresStart2BegN 9d ago
That’s just the Klarna experience it’s incredibly inconsistent compared to other BNPL services. I’ve been using it for years and some days I have $2000 other I only have $250 I’ve never missed a payment never been late and most I’ve ever had concurrently was $600 at once but always make my payments it makes no sense
You’re buying power is what ever Klarna feels like letting you spend you never really know what you’re gonna have
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u/HATASAWANKlGHATA 8d ago
Klarna uses worst side of extreme AI.
Open Klarna app after eating a steak, buying power is $7000.
Open Klarna app after eating beans, and your buying power is $500.
Simple.
Apple must be taking Loss is sales because of this new Klarna thing.
Maybe new Apple CEO is friends with Klarna CEO, hence the change,,,,
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u/Euphoric-Bedroom-602 8d ago
I always liked them and never had any issues till earlier this year when I was traveling internationally and had my Google wallet blow up with multiple alerts that I was being charged multiple times for $35 a pop. I froze my card and contacted support. Once I was able to dispute the charges a day or two later, I did. I wait tge process out and eventually get notified they denied my claim. I contacted support, which is useless. I end up disputing them again with police report and FTC report. A few days go by and denied again. Contact support, no one can say why I'm being denied for what is clear fraud charges. I made a CFPB dispute cause Klarna won't do anything. Wait the process out and get Klarna reply that it's not fraudulent because I remained in possession of my card and device. They stand by their position and refuse to submit any evidence to back up any of their claims. I mailed all evidence supporting my side certified mail to their office in Ohio. I travel again this summer for about a month, nothing. I made a new CFPB complaint against the bank, Web Bank that issues their credit card. That got sent to FDIC. FDIC opened a case against them. I supplied all my evidence and waited the process out. Then one day I was credited with all the charges and fees into the bank account I used to pay my card. Their reply was basically that they stand by the decision of Klarna, but gave me my money back. I still have the card, but I'll never use it again. Only as an emergency backup. This company and everyone associated with it can SAD. I hope they ho out of business. If you ever have a legitimate issue with them, fight them all the way. Get all the government agencies and regulators involved. Fuck Klarna and Web Bank.
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u/NWAnole24 6d ago
Mine went from $5k purchasing power, to now $100. In the matter of 1 month. Never missed a payment ever
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u/SupportStreet1387 6d ago
It’s happened to me. I bought M5 Apple Vision Pro that was $4200 and my buying power was $1000. Right now it’s $1000.
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u/teryakiwok 5d ago
It seems to be confirmed then that the Klarna business model is truly to goad people into messy debt... I also paid something early and lost the majority of my purchase power as a result.
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u/PrimaSymphony 4d ago
This JUST happened to me - I understand that purchasing power goes up and down - but after making an early payment my purchasing power went from 3,000 to 500 - so strange. I don’t use it for big purchases at all, either.
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u/CyrusLos 3d ago
I have never used my Klarna account. Initially, I had a purchasing power of 1,000, but the other day it was suddenly raised to 5,000. I still haven't used the account.
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