Did you know that American Airlines has its own credit card, aside from the Barclays and Citibank-issued AAdvantage cards?
The American Airlines Credit Card stopped taking applications in May. It’s a credit card used only for purchases with American. In other words, it’s a store card like a Macy’s credit card or a Best Buy card.
It’s a no annual fee card that offers six months to pay for tickets, usable at ticket counters, in lounges and at aa.com.
While there’s no interest on charges of $150 or more paid in full within 6 months, interest accrues on balances beyond that at a rate of approximately 30%.
Buy Now Pay Later was big even before the pandemic, with up to 15% of people financing their vacations. This exploded in an era of zero interest rates, but the business model faced challenges with rising rates.
According to an internal memo, American Airlines is even dropping the ability to pay with the American Airlines Credit Card at aa.com. Anyone wishing to use an existing card account will have to call reservations.
There’s something strange about not being able to use an American Airlines Credit Card on the American Airlines website, but it suggests that this product – no longer open to new applications – is even further on the way out.
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July 23, 2023 at 04:04AM
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The "American Airlines Credit Card" Will No Longer Be Accepted For Payment Online By American Airlines - View from the Wing
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