NEW YORK—Costco Anywhere Visa cardmembers can now access Citi’s buy now, pay later (BNPL) option, Citi Flex Pay, to pay for purchases, Citi has announced.
The option allows cardholders can pay over time with a fixed fee, no interest and the ability to earn cash back rewards, according to an announcement emailed to Pymnts.com.
In addition, in what the report said is an exclusive benefit available to Costco Anywhere Visa cardmembers, they can pay no fees or interest when selecting a three-month Citi Flex Pay payment plan on eligible purchases made in-warehouse or on Costco.com.
The benefit will also be made available to Costco Anywhere Visa Business cardmembers in the coming months.
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How Deal Works
With Citi Flex Pay, cardmembers who make a qualifying purchase of $75 or more at any merchant with their eligible Citi credit card can log in to their Citi account, select a monthly payment plan of three to 24 months and then pay over time, per the announcement. No application or credit check is required, Pymnts.com said.
Pymnts.com said it found “consumers tend to use store cards and BNPL options for different reasons, with 64% saying store cards allow them to earn more rewards and 78% saying BNPL options enable them to make larger purchases.”
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