Delta Air Lines and American Express have introduced a new payment option for customers called Pay Yourself Back. The new service allows customers to purchase flight fares on their credit cards and make payments over time.
The Buy Now, Pay Later option has already been introduced by several airlines, including United Airlines and JetBlue Airways.
Delta Air Lines has launched the service in partnership with American Express. Customers who use the option will receive a statement credit from American Express that is equal to the price of their flight fare. They will then be able to pay off the debt at a rate of 1% per month for up to 6 months.
The new payment method will be available for all Delta purchased flights between June 11 and September 8 this year, including basic economy fares. Customers must book their flights using a US-issued Delta SkyMiles Amex card in order to qualify for the Pay Yourself Back option.
With this financing offer, consumers can enjoy peace of mind knowing they have the flexibility to pay overtime, while also potentially avoiding interest charges by paying in full by the end of the promotional period.
According to American Express, the company is always looking at ways it can help provide more value and flexibility to consumers when they are booking travel options, especially during these uncertain times.
The card company also said that it plans to launch similar options for its other card partners, as well as other merchants.
“Our customers have been telling us that they want more payment flexibility when booking travel,” said Vibha Coburn, Vice President of Digital Partnerships & Payment Acceptance at American Express. “We loved the idea of being able to give our Card Members a way to buy now and pay later on one of their favorite brands as they plan their next trip — whether it’s a vacation or a trip home to see family and friends.”
The option is built into the existing checkout process at delta.com, so customers can easily choose this payment method without leaving the airline’s site — making for an easy payment flow for both parties.
Blair Thomas has been a music producer, bouncer, screenwriter and for over a decade has been the proud Co-Founder of eMerchantBroker, the highest-rated high-risk merchant account processor in the country. He has climbed in the Himalayas, survived a hurricane, and lived on a gold mine in the Yukon. He currently calls Thailand his home with a lifetime collection of his favorite books.