Vacation On Payments
Vacation on payments (also known as an interest-free period) is a type of payment plan that charges no interest, but instead has periods of time where you don’t pay. There are two types of vacation on payments plans: set and graduated.
Vacation on payments is a loan program designed to help ease the payment burden of most individuals looking for a vacation.
With PayAndGo, you can pay for anything at anytime and never worry about specialtimedscheduling just to receive your salary. That’s because we also offer payday advance loans with no credit check that can get you that extra cash when you need it.
Your average American leaves about 20% of their salary for vacation days, setting them up for financial trouble when work is slow or a job is lost.
Vacation. The mere mention of the word evokes images of sunny beaches, expensive restaurants and luxury hotels. It’s probably one of the things you dream about if you’re working a stressful job somewhere. It evokes memories of lazy fun spent as a family or with good company — but does that really happen?
Vacation On Payments
Vacations are a time to have fun, sit back, and relax. It’s a great way to let off steam that comes with the monotony of life. The only possible drawback I can think of? The meticulous planning and finances.
The good thing is, there’s an alternative. The “Book Now Pay Later” vacation payment plans option is increasingly becoming popular and for good reason!
Imagine this scenario: You need a vacation badly. You’re burnt out from working and the distinction between your work and private life has disappeared, but you don’t have enough in savings to fund your vacay. Should you wave that badly needed vacation goodbye?
Not quite. This is where payment plans come into play. Payment plan offers range from interest-free policies to low down payments and easy monthly installments.
Even if you can’t afford a vacation right now, you can still take the leap. Your dream of exploring the City of Light? Vacationing in the Maldives? Payment plans put them all within reach.
The benefits of using payment plans for vacation packages abound. With so many options in the tour and travel market, it can get a little overwhelming. Don’t fear, this article has you covered.
Top Vacation Payment Plans
1. Expedia
Is it really a good buy if you can’t get a travel package at a steal? Where’s the fun in that? Expedia is a pro at finding super low prices on flights and bundles.
You can book hotels with thousands of options available worldwide. Expedia is particularly useful for finding great deals on all-inclusive resorts. Your dream vacation can cost you less than $1,000 per person and that includes the flights!
You can save big with Expedia but how does their pay later option work? Expedia have partnered with Affirm for their travel payment plans, this means you can take advantage of 0% interest monthly instalments. To learn more, see Expedia’s handy “book now and travel later” guide on using Affirm at checkout on the Expedia website.
Pros:
- Expedia offers cheaper bundles.
- You can make monthly payments towards your vacation. They also offer “Book Now, Pay Later” hotel deals.
- There is an option to purchase travel insurance.
Cons:
- They have subpar customer service. You’ll have to wait a while for someone to respond to your query. On the plus side, they have live chat.
- Expedia offers unclear details when it comes to room or fare type. If you value comfort during your travels, this can be a deal-breaker.
2. Southwest Vacations (Great for family vacations and all-inclusive resorts)
With their Uplift payment program, you can book a trip today and set easy monthly instalments that fit your budget. You don’t have to pay an arm and a leg every month. These monthly payments can be tailored to your budget allowing you to travel before your loan is paid off in its entirety. Southwest are a particularly good choice if you are looking for all-inclusive vacations with hundreds of resorts to choose from.
Pros:
- They have customizable monthly payments.
- They offer an easy application process.
- There are no charges in the monthly payments, no late fees, and no prepayment penalties.
- Large range of all-inclusive vacations and resorts (including Mexico and Caribbean)
Cons:
- Canceled flights are refunded as Southwest Airlines air credit which can be limiting.
- Canceled land travel, tours, and accommodations are refunded in the form of travel credit from Southwest Vacations.
3. Funjet (Best for All-Inclusive Packages)
Funjet has a great payment plan if you want to travel and save money at the same time. With a simple downpayment, you can secure the best deals at great rates.
You’ll have to make your vacation reservation six weeks in advance with deposit options available at checkout. You can schedule a final payment or make multiple payments at zero interest.
Pros:
- Cancel any time for any reason. There are no pesky rebooking fees.
- Reserve a vacation for as little as $50.
Cons:
- Reservations are subject to change.
- Deposit options are not available if you’re traveling during a holiday.
4. Luxury Escapes
Luxury Escapes’ Latitude Financing Payment plan offers a 12-month interest-free period. You’ll pay monthly installments, but after the 12-month promotional period, you’ll be charged a pretty hefty 24.99% interest rate.
Luxury Escapes offers flexible booking dates. That means you can book a limited-time deal for a certain property now and rebook it for a different date later.
Pros:
- They have a seven-day refund guarantee.
- There are no hidden costs.
Cons:
- If your preferred date is unavailable, you can’t get a refund. Make sure to read the terms and conditions carefully.
5. Contiki
A small layaway deposit of $99 will lock in your travel dates. Contiki accepts Visa, Mastercard, and American Express. They can accommodate all types of installment plans: weekly, monthly, two payments of 50% each – you name it, you got it. You just have to make the entire payment 45 days before departure. That’s it.
Pros:
- There are no interest charges and no fees.
- They offer flexible payment plans.
- The Freedom Guarantee ensures you can reschedule travel dates, swap the tour type, or choose a different region to travel in altogether. You can avoid cancellation fees with this feature.
Cons:
- Cancellation fees as high as 50% if cancellation is done within one to seven days before departure and 100% if done on the day of departure.
6. United Vacations (Best for Layaway Vacation Packages)
With United Vacations, you can finance your trip through Uplift. United have a layaway vacation option which allows you to lay down an initial $250 deposit and pay the rest at least 45 days before the departure date. The best part? You can use multiple credit cards to fund your trip.
Pros:
- If you get the vacation protection package, you won’t have to deal with cancellation fees. You have the flexibility to change or cancel the plan as needed.
- You can book your entire trip through United Vacations from hotels, flights, car rentals to resorts, airport transfers, and excursion experiences.
Cons:
- Airfare is non-refundable. If your flight was canceled, they’ll give you credit you can use within a year as long as your tickets were booked through American Airlines. If not, policies vary from carrier to carrier.
7. JetBlue Vacations
JetBlue’s annual percentage rate ranges from a huge 10.99% to 25.99% for a loan term of 12 to 18 months. Their partnership with MarcusPay enables them to offer top-tier package getaways.
If you want lower rates and longer terms, you’ll need to have excellent credit scores. Additionally, rates are generally higher for longer-term loans.
Pros:
- They don’t require a deposit upfront.
- If you find the same package for a cheaper price within 24 hours of booking, they’ll match it and refund the difference.
Cons:
- JetBlue Vacation charges a $200 cancellation fee per person plus additional penalties charged by the hotels.
8. G Adventures
Deposits for layaway vacations start at $250. If you’re unsure about a specific tour but don’t want to let the opportunity pass you by, they have a “holding an option” tool that lets you reserve a spot for 48 hours without paying a pretty penny.
The best part? If you ever have to cancel a trip, change it, or push it back, you’re not forced to use it within a year or two. It’s good for life. You can pay the full balance close to your departure date.
Pros:
- They have small groups per trip. This helps you form a closer connection to the places and people you visit on your travels.
- They offer lifetime deposits.
Cons:
- “Optional” activities cost you an additional fee if you decide to purchase. If you don’t want to factor in any additional costs to your budget, you can pass on these.
- Depending on the trip, guides can be a hit or miss.
