"Buy Now, Pay Later" Travel Trend

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financing vacations

CNBC

•

Business

Business & Economics

More travelers are using ‘buy now, pay later’ plans to pay for trips. Here's when it may make sense

Summary

Nutrition label

84% Informative

A growing number of travelers are using "buy now, pay later" services to pay for flights, hotels and cruises in installments.

Gen Z and millennials are far more likely to use BNPL plans to pay to travel, especially trips involving live events.

Potential pitfalls include "stacking" loans, problems reaching company customer service and repaying.

Disney vacation planner Jackie Steele said more travelers are using BNPL to pay for Disney trips.

Benson Varghese , a managing partner at a Texas -based law firm, said a surprising number of his clients have run into legal trouble or financial strain.

Travelers can avoid this by paying in full before a trip.

VR Score

Informative language

Neutral language

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semi-formal

Language

English

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not offensive

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