Some BNPL services have late fees, charge high interest rates or require your first payment at the time of purchase. We recommend thoroughly reviewing the terms of each service before selecting one as your payment method. Several airlines have direct partnerships with BNPL services. We'll run you through the four best strategies below. But there are also other ways to take advantage of BNPL services when booking flights. Many airlines are incorporating BNPL services as a payment method at checkout. Here's everything you need to know about fly now, pay later options. Though debit cards eliminate the interest rate issue, if you need more space to pay for a trip, using a BNPL service to book your flight may make sense.
Also, unlike credit cards which charge compound interest (which means interest accrues on the balance and any previous interest charges), many BNPL services are interest-free and those that aren't often only charge simple interest on the balance borrowed. Paying for flights with travel and airline credit cards can earn you miles and rewards points - but credit cards also come along with high, compounding interest rates, which are steadily rising as inflation continues to surge. And if you haven't bought flight tickets since before the pandemic, you may not know that you can buy tickets now and repay the balance later using BNPL apps. Buy now, pay later options are popping up everywhere.
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