How to Pay For Your Holiday

What is the best way to pay for your holiday? And how can you save your money – even while you spend it? Read everything you need to know about paying for your holiday, including tips and tricks for your next big trip!

How to pay for your holiday

How you pay for your holiday is an important way to save money – and you may even be able to earn travel rewards or points by choosing the right payment method.

There are a few different ways to pay for your holiday, including cashback credit cards, debit cards, rewards points and more. We’ll cover a few of your best options.

Paying for your holiday by credit card

It’s important to pay at least £100 on a credit card for your holiday, even if you pay the balance another way. You can access Section 75 protection when you pay by credit card. This means that, if something goes wrong with the purchase, you’ll receive a refund from your credit card company – and it gives you a little extra protection.

Paying for your holiday by credit card also lets you maximise any points, offers and cashback rewards – and you can spread the cost of your trip if you want.

Making the most of cashback offers

If you regularly travel abroad, it’s a great idea to make the most of cashback credit cards. These cards give you special perks every time you make a purchase – meaning you can earn something back from your travels.

So when you want to spend money on fun stuff like museum tours or a delicious meal for two, just remember how much you’ve saved by choosing the right card!

We’ve put together some great cashback options.

Asda Money Credit Card

Use your Asda Money Credit Card to get money back on any purchases. This includes:

• 1% of your Asda shopping purchases back in Asda Pounds
• 0.3% cashback on purchases elsewhere

Chase Bank Mastercard

You can use the Chase Bank Mastercard debit card to earn money while you use your account, including:

• 1% cashback during your first year
• 1% AER (1% gross) variable on your account balance

Amex Platinum Cashback Everyday

The Amex Platinum Cashback Everyday Credit Card is a popular choice for travellers, as you can access helpful travel and shopping protection. You can also get:

• 5% cashback up to £100 for your first three months
• 30.7% APR variable

Using points to pay for your holiday

If you like to go on regular trips, consider joining an Air Miles points programme, such as British Airways Avios. I’m a big fan of these programmes. They give you a chance to make the most of any money you’ll be spending anyway – and it’s a great feeling when you can pay for your holiday using just your points.

Here’s some information about popular points programmes for your holiday budgeting.

Avios

Avios is associated with British Airways. Collect Avios in many ways, including whenever you fly British Airways – and redeem your points for flights or other holiday expenses, such as car rentals or hotel stays. You can also access special deals, discounts and promotions as a member.

This is how you can get to Cyprus, Business class in school holidays for £1 return!

Virgin Red

Join the Virgin Red programme and collect points whenever you book whenever you book with Virgin Atlantic, shop through Virgin Red, book a Virgin Holiday or use the Virgin Atlantic Credit card. You can then redeem these points for flights or redeem for a discount on your Virgin Holiday.

Use points to pay for your holiday and save your money for ice-cream, souvenirs and cocktails!

Other ways to save money

Choosing the right travel credit card is an important way to save money, as it can help you dodge unnecessary foreign charges.

It’s also a good idea to find places that let you pay in local currency, such as booking.com, as you can avoid large exchange rate fees. This site can also help you understand exactly how much you’ll be charged at your hotel or accommodation before you arrive.

How to pay for your holiday: FAQs

Can I pay for my holiday in instalments?

Many package holiday companies will let you pay for your holiday in instalments, such as TUI or Jet2Holidays. However, it can depend on the kind of holiday you’re booking – and it’s important to always choose trips within your budget. Always pay at least £100 by credit card though. If you use a 0% spending credit card to book your holiday, you can spread the cost, at no extra cost.

Should I pay for my holiday by bank transfer?

You can pay for your holiday by bank transfer, but you should first make sure the company is reputable, especially if you’re spending a lot of money. Make sure to look out for ABTA or ATOL protection, as they can ensure you don’t lose your money if something goes wrong. Always pay at least £100 by credit card though for the extra protection.

Is it better to pay for a holiday by credit card or debit card?

Paying for your holiday by credit card means you’re covered by Section 75 protection. If anything goes wrong, you’ll receive a refund, and a 0% credit card also lets you spread the cost of your trip. However, using a debit card means you don’t have to worry about repayments, or you might want to use your savings to cover your holiday.

Either way, make sure you pick a card with extra benefits like cashback or points – it’s free money!

Some other articles you might like…

• Summer Hols British Airways Club Europe return to Cyprus for £50
• What is Section 75 protection?
• How much holiday spending money do you need?
• Virgin Miles Booster – the best Air Miles deal?
• Holiday Spending Money: Card or Cash?

Spend Smarter, Travel Smarter and Visit Cyprus Smarter.

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