Citi has launched an innovative update to its travel portal, introducing a "buy now, pay later" feature that allows cardholders to split travel expenses into 12 equal monthly payments without incurring any fees or interest. This new option, known as Citi Flex Pay, is aimed at travelers who may need additional time to pay off their trips, catering to the growing trend of financing travel plans. According to a WalletHub survey, many Americans are still managing debt from previous travels, with a significant number expecting to increase their credit card balances by the end of 2024. The Citi Flex Pay feature is available for purchases of $75 or more and does not require any additional credit applications. While this payment plan offers a way to manage travel costs more comfortably, it’s essential for users to be aware that they may end up paying more in the long run compared to paying upfront.
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