American Express Launches Installment Pay Feature for Flights

American Express (NYSE: AXP), obviously eager to exploit two growing trends, has launched an installment plan under which its credit card holders can pay for flights. Before long, AmEx cardholders will be able to pay for hotel stays the same way; the company said this will be rolled out later this year. This, combined with broader consumer adaptation of at-the-point-of-sale installment payment plans, makes for good timing for AmEx's Plan It expansion into the travel sphere.