Summer vacations arrive and with them the doubts, is it better to finance them with a credit card or a Payday Loan? Find out!
Credit Vacations: Credit Card vs Payday Loan
Holidays are a must, as we all need to rest to get back to work with 250% charged batteries. Of course, if you do not have enough savings or you just arrive at the end of the month, it can be interesting to apply for a Payday Loan or finance the holidays through a credit card to take it as well as possible. But which option is better?
Credit Card Advantages
At the time of organizing a trip, credit cards are wonderful, because they allow you to defer payment for the trip or even deal with any unforeseen events that may arise.
Credit cards are very comfortable to travel. Because if you pay with your card the trip you can defer the payment, so that you do not notice the entire charge of your bank account In this fashion you can disconnect without worrying about money, just focus on enjoying the days off.
Normal or revolving credit card? In the case of a credit card, if payment is made at the end of the month, no interest is applied. Of course, if it is a revolving card, the customer can enjoy deferred payment or loans granted through these cards, with a certain APR.
They also have the advantage that when traveling and renting a car, virtually all rental companies request a credit card. That’s why you should consider making a card yourself; although then you prefer to pay your vacation with savings or ask for a loan.
Advantages of the Payday Loan
Did you know that you can pay for a well-deserved vacation through a Payday Loan? Through our website of loans from Good Finance we offer you the possibility of getting from 10,000 to 50,000 euros.
Interests to pay? They depend on the client’s FinScore. So you will have to download the Good Finance app for your mobile and connect your bank accounts to access that score. The higher your score, the better the conditions that you can access in your Payday Loan.
Therefore, the higher your FinScore, the better the conditions of the Payday Loan to finance the holidays and the more it will be worth it. So it depends a lot on this figure.
It is also important to consider the type of trip. If it is a very small trip of about 500 euros, it is best to directly finance it with the credit card. Of course, it is an expensive trip of 3,000 or 10,000 euros, if you could find the Payday Loan more interesting. The same so that you do not get paid for a loan associated with a vacation with the following.
Which option is better?
It all depends on your situation; if it is a long, short trip, your savings, how are the interests (if any), deadlines, etc.
So now you know the advantages of each of the methods we offer, you just have to analyze the pros and cons based on your financial situation. In this way, choosing well and downloading the app to save Good Finance, you will have everything you need to enjoy your vacation.