What To Know
- This plan allows you to purchase your ticket now and pay for it in full at a later date, typically within 60 to 90 days.
- If you’re not eligible for an American Airlines payment plan or prefer not to use one, there are a few alternative financing options you can consider.
- Can I apply for a payment plan if I have bad credit.
Traveling can be an expensive endeavor, and the cost of airline tickets can often put a strain on your budget. If you’re wondering if American Airlines offers payment plans to help you spread out the cost of your flight, you’re in the right place. In this comprehensive guide, we’ll explore everything you need to know about American Airlines’ payment plan options.
What Payment Plans Does American Airlines Offer?
Yes, American Airlines does offer payment plans to eligible customers. They currently have two main payment plan options:
- Monthly Installment Plan: This plan allows you to break down the cost of your ticket into smaller, monthly payments.
- Buy Now, Pay Later: This plan allows you to purchase your ticket now and pay for it in full at a later date, typically within 60 to 90 days.
Eligibility Requirements for Payment Plans
To be eligible for American Airlines‘ payment plans, you must meet the following criteria:
- Be a U.S. resident with a valid U.S. credit card.
- Have a good credit score.
- Be purchasing a ticket for a flight originating in the United States.
How to Apply for a Payment Plan
Applying for an American Airlines payment plan is a straightforward process:
1. Visit the American Airlines website or call their reservations center.
2. Select the flights you want to purchase.
3. Choose the “Payment Plan” option during checkout.
4. Provide your personal and financial information.
5. Submit your application for review.
American Airlines will review your application and notify you of their decision within a few minutes.
Fees and Interest Rates
American Airlines charges a processing fee for payment plans. The fee varies depending on the plan you choose and the amount of your purchase. There is no interest charged on monthly installment plans, but buy now, pay later plans may have a small interest charge.
Benefits of Using a Payment Plan
There are several benefits to using an American Airlines payment plan:
- Spread out the cost: Payment plans allow you to spread the cost of your ticket over time, making it more manageable for your budget.
- No interest charges: Monthly installment plans do not charge any interest, so you can avoid paying additional fees.
- Convenience: Payment plans make it easy to purchase flights without having to pay the full amount upfront.
Drawbacks of Using a Payment Plan
There are also a few drawbacks to using an American Airlines payment plan:
- Processing fee: Payment plans come with a processing fee, which can add to the overall cost of your ticket.
- Credit score requirements: You need to have a good credit score to qualify for a payment plan.
- Potential for missed payments: If you miss a payment, your payment plan may be canceled, and you may be charged additional fees.
Alternatives to Payment Plans
If you’re not eligible for an American Airlines payment plan or prefer not to use one, there are a few alternative financing options you can consider:
- Credit card: You can use a credit card to purchase your ticket and pay it off over time.
- Personal loan: You can take out a personal loan from a bank or credit union to cover the cost of your ticket.
- Travel financing companies: There are several travel financing companies that offer flexible payment plans for flights.
Final Thoughts
American Airlines offers payment plans to eligible customers who need to spread out the cost of their flight. These plans come with both benefits and drawbacks, so it’s important to carefully consider your options before applying for one. If you’re not eligible for a payment plan or prefer not to use one, there are several alternative financing options available.
Information You Need to Know
1. Can I apply for a payment plan if I have bad credit?
No, you need to have a good credit score to qualify for an American Airlines payment plan.
2. How much is the processing fee for payment plans?
The processing fee varies depending on the plan you choose and the amount of your purchase.
3. Can I cancel my payment plan at any time?
Yes, you can cancel your payment plan at any time, but you may be charged a cancellation fee.
4. What happens if I miss a payment?
If you miss a payment, your payment plan may be canceled, and you may be charged additional fees.
5. Can I use a payment plan to purchase tickets for international flights?
No, American Airlines payment plans are only available for flights originating in the United States.
