The holidays mean happy times filled with family, food, and gifts. Many of you like to go on vacation with your family or wife and it is not difficult with your credit card as many card issuing banks and companies offer discounts on travel and vacation packages on your credit cards. Even many of the travel sites offer discounts and travel insurance options when booking with the credit card.

In India, some people are breaking the habit of patronizing travel agencies and their packages. In fact, they are planning their vacation by budgeting for airlines, online reservations, etc. in order to reduce vacation costs. But this will not give you the insurance coverage that a licensed travel agency offers.

However, you can plan your vacation cheaply by considering the following tips for getting into credit card debt.

1. He prefers to use credit cards with a low interest rate. Since credit cards are loans, the longer the term of the loan, the higher the interest costs. It is better to take only one credit card with you for the holidays, otherwise you might have problems after the holidays if you use more than one card for shopping and food etc.
2. Make a vacation budget that includes everything from lodging, food to shopping. It’s best to make a shopping list for each and every member of the family so you can plan for shopping expenses, and when you’re on vacation, once you’ve checked everyone off the list, put away the credit card and leave to buy.
3. The best way is to use your credit card to book airline tickets, hotel accommodations with which your credit card company has made an agreement and other purchases for your vacations because if you have any problems during the trip, the company of the credit card will be responsible. responsible for covering the cost.
4. Credit cards are convenient ways to pay abroad or collect cash abroad, but it’s vital to make sure you’re getting a fair deal. Before you go on vacation, check with your credit card company about foreign currency transaction fees to avoid problems.
5. Cash-back credit cards are the best option for holiday shopping. Cash back cards give you some money back every time you make a purchase. Also, banks have created some cards that work in conjunction with specific airline and hotel reservations. By using these cards, you can get advantages like discounts, offers, etc.

Therefore, to avoid a financial hangover from the holidays, a better approach is to save small amounts of money throughout the year and start planning for the holidays early enough to avoid financial problems.