Citi boosts card-linked installment offering with Citi Travel integration

The news: Citi made its buy now, pay later (BNPL) offering available on its travel booking platform, per PYMNTS.

• Citi Flex Pay is a post-purchase option that breaks a purchase into monthly payments. For Citi Travel purchases, Flex Pay will not charge the usual fees or interest.
• With the latest integration, cardholders will be able to split up their travel purchases of $75 or more into 12 equal payments.

How this can help Citi Travel: Integrating the BNPL option gives consumers a new way to finance their trips. Travel is a popular product category for BNPL: It typically has higher ticket sizes than other retail payments.