JetBlue Adds MarcusPay, Letting Flyers Pay Over Time
Joe Cortez August 18, 2020
New York, USA - April 23, 2012: Airbus A320 JetBlue tailfin with Mosaic design on John F. Kennedy International Airport in New York, NY on April 23, 2012. JetBlue aircraft features one of several tail designs. This mosaic pattern was created in 2005 and inspired the name for the TrueBlue Mosaic program - the frequent flyer program. (Photo: iStock)
JetBlue continues to expand their offerings, despite the lack of air travel demand due to COVID-19. This time, the New York-based airline is teaming with Goldman Sachs’ Marcus to offer a pay-over-time option for flyers who don’t want to pay for the full price of airfare up front.
JetBlue flyers now have the option to pay for their airfare over time, without deposits or additional fees. The New York-based airline announced they will team up with Marcus by Goldman Sachs to introduce the bank’s MarcusPay installment loan option to pay for flights.
MarcusPay Lets Flyers Pay Up to $10,000 in Travel Over Time
The payment-over-time option is available for individual flights aboard JetBlue, in addition to JetBlue Vacations packages. The MarcusPay option can be used for airfare purchases between $750 and $10,000.
Once a flyer has decided on their trip and purchase any additional options, they can select the MarcusPay loan option on the payment page. After a short application, flyers will be presented with their loan terms, giving them clarity into how much they will pay, and for how long. MarcusPay loans offer no fees, no up-front deposit, and have a fixed interest rate throughout the life of the loan.
“With MarcusPay, we’re adding more flexibility and simplicity to the JetBlue travel booking process,” Andres Barry, president of JetBlue Travel Products, said in a press release. “JetBlue is excited to be the inaugural partner for MarcusPay and provide our customers with an additional way to finance their trips, when the time is right. Marcus by Goldman Sachs and their latest offering is part of a transparent customer journey. Customers lock in a fixed rate and the opportunity to pay over time, removing some of the hassle and added costs of planning a vacation.”
The partnership marks Goldman Sachs first run into the travel world with their Marcus program. The airline touts the banking product as a strong partner for their brand, allowing travelers to pay for multiple travel expenses over time, including hotels and car rentals booked through JetBlue.
Expansion Continues Despite COVID-19 Outbreak
The pay-over-time option with Marcus comes as JetBlue is experiencing a growth spurt, expanding their route map through organic growth and partnerships. In June 2020, the airline announced several new routes across the United States, focused on “visiting friends and relatives” cities. One month later, the carrier announced a new partnership with American Airlines, which would see codesharing options, seamless interline arrangements, and reciprocal elite status benefits.
