Pay for Flights and Hotel Reservations in Installments Using This Site
We all probably know that, for the most part, the sooner you book your plane and hotel ticket for your sister’s vacation or wedding, the cheaper they will be.
However, sometimes you don’t have all the money to buy this expensive plane ticket in advance, so you have to wait until the travel dates are approaching to make this reservation. Depending on how long you have to wait, this plane ticket can be twice as expensive as a hotel ticket.
While many people may have a credit card that can hold payments, many more do not. For these people, CheapAir recently partnered with Affirm to offer a payment plan for flights and hotels booked through the site.
Now, instead of paying for everything in advance, you can pay for a ride around the site and split those payments by 3.6 or 12 months, making management much easier. Loans are requested and provided at 10-30% per annum, depending on your credit situation.
While 30% (for those with bad credit) is certainly a high interest rate, if you expect a 50% or more increase in value between now and the time you can book your plane ticket, then it might give benefit. meaning.
Instead of asking the site to cover a specific purchase, you can also apply for a travel budget. For example, if you need to travel to Seattle for your brother’s wedding, you can ask for $ 1,500 for your flight and weekly hotel stay. If approved, you will have 21 days to book it all through the website. When you’re done, you choose how long you want to spread out the payments with the exact dollar amounts associated with each payment so you know what you’re getting into.
As with most other loans, payments can also be made ahead of schedule to reduce the amount you end up paying as interest.
It would be better to write it off from the low-interest credit card that you earn points for, of course. However, if this is not an option for you for whatever reason, this might be a worthy alternative.