Klarna says the card will offer one free tier and two paid tiers that include discounts and better cashback rates.

Swedish fintech Klarna on Tuesday said on Monday it is doing a pilot launch of a new debit card in the United States as the buy now, pay later pioneer seeks to compete more directly with traditional banks.

This new debit card will make it easy to select an interest-free BNLP plan at checkout, but there are fees to watch for.