I have a healthy apprehension and respect for credit cards, thanks to that time in college where I maxed out my credit card for the sake of a spring break trip and spent four years paying it down to a zero balance. I think it's good to have credit cards on hand for emergencies, but paying for your travels with debt is never a good idea. Here are three reasons why:
2. You're bringing stress along for the ride. If you're like me, it can be hard to shut off your brain and just focus on the present joys - even under the best of circumstances! Instead of relaxing on your trip, you will be thinking about how much you owe Mr. Visa for the plane tickets, hotel bills, train fare, etc. Instead of your head being full of the sights and sounds of the day, it will be full of dollar signs and red-inked balances. And when you return home, instead of being able to start saving up for your next trip, you'll be paying off your past trip. Do yourself a favor - make sure all your big travel purchases are already paid for before you even leave home.
With that being said, I do think booking your travels with a credit card is a good deal... IF you pay it off immediately! Many credit card companies offer special traveling perks, such as extra frequent flier miles, possible seat upgrades, etc. Plus you have the added transaction security with a credit card versus a debit/bank card. So long as you have the cash savings to back it up, go ahead and let Mr. Visa take the hit for a few minutes until you put the balance back to zero!
What do you think about debt? Is it a good idea to go into debt for traveling?
~ Just a Thrifty Gypsy