American Airlines and Affirm offer installment payment plans for flights

American Airlines and Affirm offer installment payment plans for flights ...

The partnership has announced on Wednesday the partnership allows travelers to book flights now and pay on time. The company provides installment loans to consumers, said on Thursday that it will allow them to pay for longer.

Approximately 74% of Americans say they are eager to get away, but likewise they are conscious of integrating travel into their budget, said Silvija Martincevic. 80% of Americans say they're going to spend more this holiday season than ever before, while 60% worry they can't afford to travel as they would prefer to.

Affirm lets customers pay purchases off over time. Interest rates range from 0 to 30% (depending on your credit score) and the rates are fixed and do not compound. Affirm lets the customers view monthly installments and charges upfront. And it means any interest won't accumulateeven if it doesn't become a credit card.

Affirm supports payment for 29,000 merchants, including Amazon, Target, Vrbo and Walmart. American Airlines is the first airline to use the service on flights.

You can deposit money in cash to avoid financial harm.

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