American Express and Delta Air Lines partnered this week to offer their shared customers a buy now, pay later (BNPL) option when booking flights on Delta.com’s web interface.
The partnership, which leverages American Express’ Plan It tool, enables American Express U.S. consumer card members to split up purchases of over $100 into equal monthly installments with a fixed fee.
Launched in 2017, Plan It allows customers to select from one to three repayment options, depending on factors such as the purchase amount, the cardholder’s account history, and their creditworthiness. Plan It charges a fixed monthly fee that is disclosed before the transaction.
Source: Finovate
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