Everything you need to know about “FLY NOW PAY LATER!”

by Balari Gabadamudalige
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Hassle Free Payment from "Fly Now Pay Later"

Table of Contents:

  1. What is FLY NOW PAY LATER?
  2. How to use FLY NOW PAY LATER
  3. Perks of using FLY NOW PAY LATER
  4. Limitations of Fly Now Pay Later & Should You Opt for it?
  5. Is this a lifesaver during the inflation or a road to debt?

Expensive flights are here to stay, but we have got the ultimate solution!

Travelling has become one of the essential parts of most people’s lives. However, all good things come with a price tag and some are way over budget than others. So, as you can see, it is not always easy to travel due to skyrocketing travel costs and expenses that leave travellers in two minds. Well, despite that, what if I told you that there is a way for you to Fly Now and Pay Later completely hassle-free?

Why wait for the right time to travel when flights are cheap and travel is not so expensive? Fly Now Pay Later is the perfect solution for this never-ending travel problem that will help you spread your wings as well as the cost and travel to your heart’s destination.

What is FLY NOW PAY LATER?

As the name suggests, Fly Now Pay Later is a company that allows you to spread the cost of your vacation over a period of time. All you have to do is, browse through the Fly Now Pay Later flight offers and pick the holiday that is right for you. After you are approved (yes, FNPL does carry out all the necessary credit checks before offering you a payment plan), they will pay for your holiday upfront and charge you in monthly instalments.

Spread the cost up to 12 Months

You can choose how to split up the cost of your trip. It can be spread over a period of up to 12 months. However, they will charge a small one-off transaction fee at the time of booking.

You can use Fly Now Pay Later for different types of travel experiences such as; flights, cruises, attractions, hotels, and vacation packages.

How to use FLY NOW PAY LATER?

Fly Now Pay Later is not only convenient but also very user-friendly. To start off, you must first download the app and set up your account. During this process Fly Now Pay Later will also run a credit check to determine your eligibility, credit limit, and interest rate.

After that, you are ready to go! Search for your dream trip within the app and then spread the cost over 3 to 12 months which leaves you with enough money to get the most out of your trip. You will be able to book your trip directly through the app based on which airline or hotel you want. You can directly use this only a selected number of airlines and hotels. However, that does not limit your travel dreams, because, for other travel purchases, you will be given a virtual card that you can use to pay for the expenses.

Source: FNPL website

During the process of issuing the travel card or after making the purchase, Fly Now Pay Later will ask you to choose how you wish to spread the cost by prompting you to select the number of instalments you wish to pay. These instalments can be spread up to 12 months.

The first instalment would have to be paid one month from the date of purchase and the other payments will also be taken on the same day of each month after that. However, if you wish to change the date, it can be done by contacting customer support.

“FLY NOW PAY LATER” user journey?

User Journey of Tom with “FLY NOW PAY LATER”

Perks of using FLY NOW PAY LATER

As with everything in life, this comes with both pros and cons. Let’s first dive into the perks of using this scheme.

  • Spread out your expenses

Helps travellers afford their dream vacations by allowing them to pay for them in instalments. It spreads out the entire cost into affordable smaller units rather than charging a lump sum at the time of booking.

  • A variety of providers to choose from

Has a lot more than just flights in the app. It has partnered with several airlines, hotels, and travel agencies that allow you to plan and finance your whole vacation in one place. 

  • Apply for financing within seconds

Since this operates digitally, it allows you to see the loan rate you qualify for in a matter of seconds. As a result, the program authorizes you to use your loan almost immediately.

Limitations of Fly Now Pay Later & Should You Opt for it?

As appealing as it sounds, Fly Now Pay Later also comes with several limitations that you should be well aware of.

  • High-Interest Rates

When booking your holiday with Fly Now Pay Later, your booking will be subject to an interest rate between 9.99% and 29.99% APR on instalments. This does make this method an expensive way to finance your vacation.

  • A credit check is required

Since Fly Now Pay Later is technically a loan, it is subject to credit checks. The company will run a quick but thorough credit check to determine what interest rate to charge. As with any loan, there is also a risk to your credit score if you fail to keep up with your repayments.

  • Limited retail partners

When using this service you are required to book your holiday out of what is available in the app. As a result, your options will be limited.

  • Requirements to use the App

Although Fly Now Pay Later has a well-designed website, you are unable to book your holiday through it. Instead, you must download the Fly Now Pay Later App, if you need to use their services.

  • Lack of travel protection

The usual travel protections offered by travel rewards credit cards such as delayed baggage insurance, trip cancellation insurance, and trip delay insurance will be revoked.

Is this a lifesaver during the inflation or a road to debt?

The cost of living worldwide has been off the charts in recent months due to surging inflation, and many people are notably cutting back on travel. Amidst these gloomy times, This scheme offers its customers a “sunshine on a cloudy day” opportunity, to keep their travel dreams alive. However, could this lead them on the road to debt?

Many travellers are opting for Fly Now Pay Later schemes when it comes to travel. Thus, whether this program will jumpstart your road to debt depends solely on your ability to keep up with your finances and make the payments on time. For those who are unable to do so.

The bottom line is, that Fly Now Pay Later comes with countless perks but also several downsides, but what is life without a little risk? This program can be a lifesaver, especially when you are in an emergency and if you have excellent credit, you have absolutely nothing to worry about. However, it may not be the best solution for those who already have credit card debts. So, if you are still debating whether Fly Now Pay Later is worth it. It all depends on you and your credit score!

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