Six Flags Entertainment Corporation launched a new payment option called Flex Pay that allows guests to buy season passes and other products online and pay for them in monthly installments over time.

The financing option is available on eligible online purchases of $49 or more and is powered by financial technology company Upgrade. Approved guests can activate their season passes immediately and visit parks while making scheduled payments, with no penalties for paying off the balance early.

To access Flex Pay, guests must be at least 18 years old and complete a credit review through Upgrade's lending partners. Approval and payment terms vary based on individual credit information and eligibility factors.

Flex Pay is available in all U.S. states where Six Flags parks operate, though it is not available in all territories.

Six Flags Entertainment Corporation is the largest regional amusement park operator in North America.

A separate announcement from Six Flags is scheduled for Tuesday morning.