Delta Airlines has announced a new “buy-now-pay-later” plan for flyers.
If you don’t have the money now, Delta could reportedly give flyers three to six months to pay off your planned flight as part of a new payment plan idea, Inc. reports. But, it all depends on how much it costs. Inc. columnist Jason Aten says Delta could be looking to take on the popular buy-now-pay-later strategy that has gained momentum in the midst of the pandemic. The company reportedly hopes to encourage more people to fly with the new option.
With travel being expensive and most people having to put off travel due to the effects of the ever-changing pandemic era, Delta is banking on more people looking to travel in this upcoming summer season.
For those interested in the BNPL option, Inc. reports flyers will have to use one of Delta’s American Express cards, which has a “Plan It” feature. The two companies work together with Delta’s SkyMiles. Delta sells its SkyMiles to American Express, which then uses them as a reward on the American Express cards. This could mean customers can buy flights now and pay them over the course of a year without paying interest or possibly a fee, Inc. reports.
Delta says the deal will bring in $7 billion by next year.
