Marcus to offer buy now, pay later option for JetBlue flights

JetBlue (Nasdaq: JBLU) and Marcus by Goldman Sachs® today announced that MarcusPay™ is now available for JetBlue flights in addition to vacation packages.

MarcusPay, a no-deposit, fixed-rate point-of-sale installment loan option, allows customers to pay for larger purchases over time. JetBlue, the platform’s inaugural partner, launched MarcusPay earlier this year exclusively for customers who book JetBlue Vacations packages that combine flights with hotels.

MarcusPay’s easy application process offers JetBlue customers the opportunity to apply for a MarcusPay loan from the payment page on or and will soon be available through the JetBlue mobile app. MarcusPay can be used for trips from $750 to $10,000, and customers can view their loan options in minutes. Clients will know how much they will pay and for exactly how long, with no fees, no upfront deposit required and a fixed interest rate. The first payment is not due until at least one month after booking the trip. Once a MarcusPay loan is approved and the booking is complete, travelers can be on their way. MarcusPay loans are provided by Goldman Sachs Bank USA.

“With MarcusPay, we’re adding more flexibility and simplicity to JetBlue’s travel booking process,” said Andres Barry, president of JetBlue Travel Products. “JetBlue is pleased to be MarcusPay’s inaugural partner and provide our customers with an additional way to finance their travel, when the time is right. Marcus by Goldman Sachs and its latest offering is part of a transparent customer journey. Clients are assured of a fixed rate and the opportunity to pay in installments, eliminating some of the hassle and additional cost of planning a vacation.”

“MarcusPay provides customers with a smart alternative to financing large purchases,” said Elisabeth Kozack, director of Consumer Lending Partnerships at Marcus by Goldman Sachs. “JetBlue is a great partner for MarcusPay. They remain focused on meeting the needs of their customers and providing transparency, which helps them deliver a differentiated customer experience for travelers. We are delighted that MarcusPay is part of that.”

This partnership is part of JetBlue’s evolution to offer more personalized travel experiences, making the dream of a vacation an easier and more affordable reality for many travelers when they feel comfortable traveling again. MarcusPay makes travel planning even more accessible with the option to pay in installments for itineraries that include JetBlue flights and other services like hotels, car rentals and more.

Booking travel directly with JetBlue gives customers the most control of their travel experience with added benefits and savings. Customers who book directly are eligible for a growing number of exclusive personalized offers on car rentals, hotels, activities and travel insurance delivered directly to their inboxes. These offers are tailored specifically for customers based on their flight information, with the goal of making it easier and faster for them to book the rest of their trip.

Marcus puts Goldman Sachs’ 150 years of financial experience and modern technology to work to help clients take control of their financial lives. The partnership with JetBlue is the first for MarcusPay and the latest in a series of initiatives by Marcus to work with dynamic companies whose differentiated products and services lead with a customer-centric approach, helping them make smarter financial decisions.

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