US Bank has introduced a new financial product called the Split Card, designed for auto-installment payments. This card is similar to Klarna's debit card, which allows users to make everyday purchases while also offering the option to pay in installments. Klarna saw over a million sign-ups for its card within the first eleven weeks of its US launch, indicating significant consumer interest in this type of payment flexibility. The Split Card complements US Bank's existing Buy Now, Pay Later (BNPL) program, ExtendPay. This program enables consumers and businesses to convert eligible transactions into equal monthly payments. By adding the Split Card to their offerings, US Bank aims to enhance customer convenience and meet the growing demand for flexible payment options. This move reflects broader trends in the payments industry, where consumers increasingly seek ways to manage their spending without incurring debt.