Citi is bringing buy now, pay later to Apple Pay, enabling card holders to split purchases into fixed monthly payments.
Eligible cardmembers can now pay over time with no fees and no interest while earning Citi rewards - right from their iPhone or iPad.
Citi Flex Pay is built into eligible Citi credit cards so there is no additional credit check or application process.
On Apple Pay, credit card holders with be able to opt in to a 3-month payment plan for purchases of $75 or more at checkout for online or in-app merchants. Longer durations are available as an option but will incur a monthly fee.
The integration come just months after Apple killed off its own buy now, pay later service to focus on working with third parties for instalment loans.
Citi launched Citi Flex Pay in 2019 in response to emerging US consumer preferences for borrowing options that offer more transparency, control, and convenience.
Citi Flex Pay is a simple way for consumers to split eligible purchases into fixed monthly payments and pay over time using their eligible Citi credit card. Cardmembers can also use Citi Flex Pay for any eligible Citi Travel purchases of $75 or more – no additional application or credit check required. With Citi Flex Pay, cardmembers continue to earn all their favorite credit card rewards, just like they're used to.
The integration with Apple Pay is the latest example of Citi scaling its lending capabilities to expand the consumer’s digital wallet.