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JetBlue has expanded its partnership with Goldman Sachs to allow travelers to pay for tickets on installment.
JetBlue customers can apply for the loans and see their options within minutes on Jetblue.com.
Loans will awarded though Goldman Sachs’ MarcusPay, of which JetBlue is the inaugural partner. Earlier this year the companies began offering MarcusPay loans for bookings of JetBlue Vacations packages, which bundle flights with hotels.
JetBlue customers can apply for the loans on trips that cost between $750 and $10,000. MarcusPay loan recipients will pay a fixed interest rate ranging between 10.99% and 25.99%, with payments made over 12 to 18 months. There are no fees and no up-front payments required. The first payment, said JetBlue, is not due until at least one month after the trip is booked.
JetBlue joins other U.S. airlines that offer loans through their websites for the purchase of tickets. Among them are United, Spirit, Allegiant and Frontier. In addition, American offers its Fly Now Payment Plan for American Airlines credit card holders. Delta Vacations offers installment payments on trip packages.
Source: travelweekly.com