Best way to pay for a holiday?

xxdeebeexx

Hi, I have searched but have no success.

Could someone kindly give me a link to a discussion on the best way to pay for a holiday.... debit or credit card.

Many thanks

dx

spud_work

Usually, credit card for the extra level of protection that it gives you, but only if you can afford to pay it off when the bill comes (or are happy with the interest payments that you will need to make if you don't pay it off by the due date).

However, with some airlines/travel companies charging extra to purchase via credit card, you will need to consider if the extra charge is worth the extra peace of mind that you get from the broader range of things that paying by credit card gives you.

katejo

As long as you pay at least £100 by credit card, you will get the consumer protection available, should the firm go bust. The rest you could pay by debit card. I usually pay it all by credit card but only because I do have the money available to pay it off straight away. i would never pay interest on the cost of a holiday.

YorkshireBoy

katejo wrote: »

As long as you pay at least £100 by credit card, you will get the consumer protection available, should the firm go bust.

A popular misunderstanding.

£100 is the minimum purchase cost. You can pay as little as 1p (if they'll take it!) on a credit card and still enjoy full section 75 protection.

McKneff

Yorkshire Boy is correct re the section 75.

stephb34

It can depend what type of holiday you have booked. If its a package with TC, Thomson, First choice etc then its protected by atol and abta and the tour operator so no need for the extra credit card protection. But if its components that are put together its a little more complicated because if a part disappears ie the airline goes bust you could be stuck with a hotel and no flights to get there or vice versa so may need to claim off the credit card.

budgetflyer

A lot of insurance companies offer insolvency cover for a few £s added to policy now

stepon250

YorkshireBoy wrote: »

A popular misunderstanding.

£100 is the minimum purchase cost. You can pay as little as 1p (if they'll take it!) on a credit card and still enjoy full section 75 protection.

Good to know!