How Credit Card BNPL Plan Works

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Buy now, pay later services present an appealing offer: Get something right away without having to pay any money, and spread the cost of the item over multiple fixed payments. Also known as point-of-sale loans, BNPL popularity soared as e-commerce spending increased during the pandemic.

In the past couple of years, three major credit card companies have started offering buy now, pay later-like installment plans for their cardholders. Here’s a look at how American Express Plan It, My Chase Plan and Citi Flex Plan work, how they compare with traditional BNPL plans, and when it may (or may not) be a good move to use credit card installment plans.

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