Fly Now Pay Later is a feature that provides flexible payment options when traveling. You can divide the cost of your travels into a specific period. Because this is a loan, you are subject to credit checks.
As a customer, you should know whether applying for Fly Now Pay Later requires credit checks.
Technically, the Fly Now Pay Later program is a loan. You will travel with no upfront fees paid.
The program requires you to divide the cost into a specific period of up to 12 months, plus interest charges. It is how loans work, as you know. And as a loan application, you have to undergo credit checks.
When processing an application, the company runs credit checks on you right away. It is the first thing that Fly Now Pay Later runs as soon as you click “Checkout with Fly Now Pay Later.”
If you successfully apply, the next step is to request a Virtual Debit Card. Here, you need to use a Server Side call that directs you to the company’s virtual card API endpoint.
I will tell you how you can do this later.
I have the answers if you are wondering how you can use the services of Fly Now Pay Later.
Here, you can book your holiday or your trip. You can also book travel packages, flights, hotels, and other travel services. Any travel-related reservation can be made with Fly Now Pay Later.
One of the things you need help to book with Fly Now Pay Later is tickets to rail journeys.
When you sign up, the process is straightforward. It is one of the most uncomplicated signing-up processes you can ever find on a travel loan.
The first step is to set up your integration. And doing this is simple.
Start by logging into your Merchant Portal. When doing so, use the details that the sales team gave you.
Once done logging in, click on the “add new” button. This step will set up a new integration.
In this step, you will tell Fly Now Pay Later of the domain that you will set up on. Once done, hit the “Done” button.
After that last step, you will see the integration screen and key.
You will need to integrate the library shown on Fly Now Pay Later. Integrating the library will appear on your page.
It is always better if you plan and travel without loans. It is always a better option to pay for the costs upfront.
The reason for this is that the interest that you pay for travel loans can be high.
Whether you are taking a vacation you have always wanted in the past or need to book for an urgent matter; you may not always have the means.
Sometimes, you might need more funds to finance your trip.
And this is where the Fly Now Pay Later program comes in.
As the name says, you can buy your travel needs and pay for them later. It can include flights, hotel bookings, and other travel costs.
I am here to answer if you wonder whether Fly Now Pay Later is legit.
Let’s go into this program’s specifics and discuss the benefits and drawbacks of using this kind of payment.
First of all, Fly Now Pay Later falls under what we call deferred-payment service.
That’s a good start.
Read on for the rest of the details.
List of Contents
What is Fly Now Pay Later?
Fly Now Pay Later is a company that provides online services where you can book your travel needs without paying a dime. Instead, you will spread the costs to a specific period. You pay monthly with interest.
Do not confuse Fly Now Pay Later with the general term on deferring costs.
Fly Now Pay Later offers services allowing travelers to get tickets and book other travel needs without paying upfront costs.
You must book these travel needs first and pay for them later as a traveler.
When booking, you will not pay for the costs upfront. You will have to decide on a specific period where you can pay for the costs in monthly installments.
You can split your costs for three to even 12 months.
As you already know, there is an interest that the company puts on top of your total costs.
The interest rate varies. It can be as low as 9% or up to 30% annually. The interest rate given to you depends on the credit.
As mentioned previously, you can use Fly Now Pay Later not only on your plane tickets. You can also use their services when booking attractions, hotels, vacation packages, and cruises.
It makes everything convenient for a traveler when using Fly Now Pay Later.
The only downside to this is the interest rate.
Do it if you can only plan and pay for your travel costs upfront. The interest rates in Fly Now Pay Later can put a dent in your bank account if you let it.
Who is eligible for Fly Now Pay Later?
You must be 18 years old to be eligible for Fly Now Pay Later. If you are from Alabama or Nebraska, you must be 19 to be eligible. It would help if you were a US resident. Finally, you need to have a debit card.
There are specifications on eligibility when using Fly Now Pay Later.
One of the most basic requirements for eligibility is age.
It would be best if you were older than 18 in most states in the union. Alabama and Nebraska both require a minimum age of 19.
The program is available only to US residents with debit cards and a mobile phone with a US number.
Finally, you need to have a driver’s license and a passport. These two should verify your identity before you can make your travel bookings.
Maybe you’re wondering if you can use your credit card. No, you can’t.
You can only use your debit card when using Fly Now Pay Later. Also, as previously mentioned, there is a credit check along the way.
The credit check will not affect your credit score. However, as mentioned, there is a credit check.
Fly Now Pay Later also does not publicly declare its credit score requirements. However, it poses a recommendation that you check your credit score before you even start to apply.
You can double-check your credit profile through this additional step of checking your credit score.
Checking your profile will determine whether there are any things that could be improved. It also means that you are sure of your credit accounts – that they are not frozen and that you are eligible.
Aside from the US, Fly Now Pay Later is also available in two other countries. These are the United Kingdom and Germany.
How does Fly Now Pay Later work?
Downloading the app is the first step you need to take. Then, you set up an account. Part of the setting up of the account is the credit check. You can use the app for your travel needs if you are eligible.
Of course, the first thing you must do to avail yourself of the Fly Now Pay Later services is to download its app.
You will need to set up an account with the company upon downloading.
Part of this step of setting up an account is a credit check. Fly Now Pay Later will run a credit check on you.
The credit check will determine your eligibility for the program. Aside from your eligibility, credit checks will also determine your interest rate and credit limit.
Once done with setting up an account, you can now use the app to find flights, hotel rooms, and even travel packages that you can use.
Some hotel rooms and airlines are in the app.
It only means that when booking, you can check both the website and the app for you to compare. There are hotels that you can only book through the app. It is also the same with airlines.
For example, when you want to book plane tickets with American Airlines, TAP Portugal, or United, you can purchase your tickets through the app. It is also the same with Qatar Airways.
If you plan on purchasing other travel needs, you need to use a virtual card that you can use in paying for the costs.
Once you are done with making your travel purchases, or when you have already issued a travel card, Fly Now Pay Later will prompt you to decide on the period of payment.
This step will determine whether you will pay for the costs in three months, four, or even 12. The decision is on you.
You can spread the total costs across 12 months.
The first payment is due a month after you set up your account. The following charges will be on the same date every month after that.
However, if you want to change your payment dates, contact Fly Now Pay Later customer support.
Is Fly Now Pay Later legit?
Fly Now Pay Later is legit. It uses payment options with services provided by Pay Later Financial Services, Inc. The company is also in partnership with several other banks.
There is no question about the legitimacy of Fly Now Pay Later.
The company works with Pay Later Financial Services, Inc., which is enough reason to trust Fly Now Pay Later.
It also maintains a partnership with an FDIC member bank, Cross River Bank.
Aside from these, the company received thousands of positive reviews from its loyal customers.
There are downfalls, however. And the negative reviews all stem from the company’s inability to provide immediate support when something goes wrong.
One standard review is that contacting a representative is always a challenge. There are also a few negative reviews on the payment card system.
Some customers say booking directly with travel providers using a virtual payment card is difficult.
We can talk about these concerns in detail.
Fly Now Pay Later is an attractive payment scheme. Imagine that all you have to do is to set up an account and book your travel needs. You do not pay now but pay your dues in installments for 12 months if you like.
However, what are the downsides?
Well, for starters, the interest rates can be super high.
As mentioned earlier, interest rates in Fly Now Pay Later can be anywhere from 9% to as much as 30% annually. And this type of interest rate is no joke.
You can fly now and go on your dream vacation. However, you will be paying far more than you spent.
As you already know, there is also a credit check. It happens upon setting up your account.
While it does not affect your credit score, the credit check affects your eligibility and credit limit.
And while the company has a website, you must use the app to book your travel needs.
Now, there are issues with the virtual card.
Fly Now Pay Later provides its customers with a virtual card that the customers can use to pay for their costs later on.
There are issues reported with these virtual cards.
One common issue is the card’s frequent inability to book with travel providers. Reports say that providers usually decline virtual cards upon payment.
Also, there needs to be more travel protection.
What do I mean by this?
Travel protection refers to travel rewards offered by credit cards. These include protection against trip delays, delayed baggage, and trip cancellations.
Credit card companies usually protect their subscribers in a way that the customer gets insurance for these incidents. None of these types of protection when you use Fly Now Pay Later.
Finally, there are no rewards.
Remember that you earn miles when you purchase plane tickets using your credit card.
You will have no miles when you subscribe to Fly Now Pay Later.
You will not earn any reward for your purchases.
Also, I mentioned that payments come through debit cards. And debit cards do not earn points or any reward.
Fly Now Pay Later is an attractive service.
You can travel now and not pay upfront for all the travel costs.
However, as discussed, there are downsides to this service. You will not earn rewards, there is no travel protection, and there are reports of bad customer support.
You can use Fly Now Pay Later if you are good with these disadvantages.
It is a great option.
But before you book, make sure you set your payment schedules to stay manageable for your finances in the coming months.