AIB brings you a guide on how to pay for that ideal getaway whether it’s through saving, a credit card or an AIB Travel Loan.
How to Pay for Your Getaway
So you’ve your heart set on jetting away for a holiday. The only thing is, you’re not 100% sure you know how you’re going to pay for it. We’re coming to your rescue though with some good steps to take in order to make that dream a reality.
You’ve mulled it over, chatted about it and now you’re absolutely raring to book that holiday. The ‘where’ and ‘when’ is all sorted. Now all you need is the ‘how’.
So, what are your options?
Save, save, save
Nothing beats feeling like you’ve really earned something. If you’re already an accomplished saver and are on a good income, this could be a good option for you. Set up a separate account to save your holiday fund in and use an automated payment system to pay into this each month on payday leading up to your holiday.
However, it can sometimes take a long time to reach your goal when saving. While you’re getting all your financial ducks in a row, you may miss out on flight deals or a bargain on accommodation. Therefore, there are definitely occasions when you’ll need those funds sooner rather than later.
Credit card to the rescue
If you’re good at paying off your AIB Credit Card and generally clear the balance at the end of each month, perhaps consider using it to pay for part (or all) of your trip. You can then choose to pay off the trip in full once you have the available funds or pay it off over several instalments. However, where you don't clear your balance each month, you will have to pay interest on the remaining balance.
If you are considering starting to use a credit card, take a look at our expert guide on key questions to ask when getting a credit card so you can make the best decision. You can also check out our Credit Cards 101 guide to learn all the basics on how credit cards work and how to use them.
What about a travel loan?
There’ll be times though, of course, where you’ll simply need to get away from it all, whether this is for a celebration, a family situation or just a bit of a break. It may be the case that you’ve enough saved for your accommodation and spending money but still need to cover the cost of your flights. It can also happen where a last minute deal may catch your eye and you absolutely just can’t miss it.
This is where a travel loan can really come into play and AIB have the perfect solutions for you. Whether you’re planning a trip to the sun or the slopes, AIB can assist with one of our AIB Travel Loans. Get a quote or apply online with us today through AIB Internet Banking and get approval within 3 hours*.
Lending criteria, terms and conditions apply. Credit facilities are subject to repayment capacity and financial status and are not available to persons under 18 years of age. Security may be required.
*Although we aim to provide a decision within 3 business hours, this period may be extended for technical or other legitimate reasons. Our business hours are Monday to Friday from 9am to 5pm, excluding bank holidays.
Allied Irish Banks, p.l.c. is regulated by the Central Bank of Ireland.