How to pay for plane tickets in installments up to 1 year

Photo: depositphotos

There are such situations when you plan a trip for holidays, but there is not enough money for round-trip tickets. Portal CheapAir.com together with a financial company Affirm We have developed a program for the purchase of air tickets in installments for 3, 6 and 12 months.

When buying tickets in the amount of $ 100 on the CheapAir website, customers can choose the monthly payment option. To do this, you must specify your first name, last name, postal address, email address, date of birth, phone number and the last 4 social security number (SSN).

Affirm will verify the client’s credit history, which reportedly will not affect the user's credit rating.

“Affirm provides installment plans to those applicants who are able to pay for it, and this service is absolutely transparent, since we charge only simple interest on the installment plan, without any commissions or penalties,” Max Levchin, founder and head of Affirm, Kiev resident, told CNNMoney.

The interest rate will be based on the borrower's creditworthiness and amount to 10-30% annualized rate (APR). Average APR for new loan offers, as reported in the report CreditCards.com, last week was 15,19%.

CheapAir head Jeff Klee says that installment ticket buyers will receive a response to their request within a few seconds. In addition, there will be no restrictions on the number of tickets that can be purchased with the new payment method. According to Kli, this is a successful alternative to credit cards.

“Anything that can compete with credit cards is a good thing, in my opinion. This is just one of the options, and the more there are, the better,” says the head of CheapAir.

You can also pay for tickets on the site via Western Union or bitcoins.

Experts have noted a drop in ticket prices in the United States due to cheaper fuel prices. At the same time, airlines increase the number of their routes and add flights to existing routes.

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