Citi is introducing buy now, pay later functionality to Apple Pay, allowing cardholders to divide their purchases into fixed monthly payments.
Eligible cardmembers can now pay over time with no fees and no interest while earning Citi rewards directly from their iPhone or iPad. Citi Flex Pay is integrated into eligible Citi credit cards, eliminating the need for additional credit checks or application processes.
With Apple Pay, credit card holders can opt for a 3-month payment plan for purchases of $75 or more during online or in-app checkout. Longer payment durations are available but will include a monthly fee.
This integration comes just months after Apple discontinued its own buy now, pay later service, choosing instead to partner with third-party providers for installment loans.
Citi launched Citi Flex Pay in 2019 to address the growing preference among consumers in the US for borrowing options that offer transparency, control, and convenience.
Citi Flex Pay allows consumers to split eligible purchases into fixed monthly payments using their Citi credit card. Cardmembers can also apply Citi Flex Pay to any eligible Citi Travel purchases of $75 or more without any additional application or credit check. Importantly, they continue to earn their usual credit card rewards.
The integration with Apple Pay represents Citi’s ongoing efforts to enhance its lending capabilities and expand features for consumers’ digital wallets.