MIAMI (WSVN) - For those who can’t pay for airfare up front, two companies have partnered to create a solution.
According to CNN Money, CheapAir.com has partnered with financial services company Affirm to create monthly payment plans for those who can’t afford the full cost of flying at one time.
CheapAir is offering their fliers three, six and 12-month plans, CNN Money reported. Customers must provide their name, email, street address, date of birth, cellphone number and the last four digits of their Social Security number, which allows Affirm to run a credit check that won’t affect the customer’s credit score.
CheapAir.com’s CEO Jeff Klee said customers will get notice of whether or not they’re approved in seconds. Klee also told CNN Money that while there’s no limit on how many tickets can be purchased with this new payment plan, financing is only available for tickets at $100 or more.
“When you want to take a vacation, it’s a lot of money to put up out front, and you might not be able to manage it all at once,” said Klee to CNN Money.
The CEO commented on his company’s strong approach in getting their customers to find alternatives to credit cards. “Anything that competes with credit cards I think is a good thing,” he said in the interview. “This is one more option, and the more options, the better.”
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