#BNPL / American Express launches new feature that enables Cardmembers to pay in installments

American Express Canada recently announced the launch of Plan It™, a new feature that enables eligible Cardmembers to pay a portion of their balance in fixed monthly installments. Cardmembers now have the option to pay for purchases both expected and unexpected, over time, with more flexibility and control.

Eligible Cardmembers can go online or in app to choose a qualifying amount (minimum $250) from their most recent statement to pay over time. They can choose from durations of 3, 6, 9 or 12 months, giving them more control and a payment schedule that suits their needs.