Paying off hol before balance due date?

[YorkshireT]

Not sure what went wrong but we were doing this and direct debits continued after it was paid and now I’m 700 quid in credit. I have another holiday booked with them (flydrives) so will ring and transfer it over I think,

[taylaboo]

Firstly get your holiday insurance. We pay the balance off two weeks before the due date.

[sha9]

I agree with others. Insurance should be sorted before booking in my opinion. As to whether to save or pay off the balance, that’s up to you. If you have the will power to put the money in an account and not touch it then it’s better in your bank than theirs. I save monthly then pay the balance a couple of weeks before it’s due on my virgin credit card to get miles. I then have another month of saving before the credit card payment is due.

[mikeishere]

Thanks for advice guys

[Orlando Soon]

Yes as your parents and others have said, if you do nothing else get insurance in place now. I only pay deposit and set up a regular savers account to pay 💰 n monthly to get some interest on the savings. I know that account is not for spending or dipping in to. Pay balance only when I really have to.

[Andybear]

I pay my balance off in instalments as my credit card limit isn't high enough to pay it all off in one go on the due date. I always make sure I have an ESTA in place before I even book holidays.

[macadoo]

I don’t pay anything until it’s due.

[Invisible Man]

As others have said, prefer to put the money into a savings account we use just for holidays and pay a couple of weeks before.

[archibald]

I've always paid when booking but this year have a flydrive with BA and no need to pay until February. I haven't got insurance yet either as we've only paid a £300 deposit, and decent insurance for our family is not much less than that so we have nothing to lose.

I keep wondering if we should pay now, but every extra month the money is in premium bonds is an extra chance at a big prize (we've already won enough small ones to have had a fantastic 'interest rate' this year). I think that if they decided to bump people of the flight, surely they'll pick those that booked on release and secured a fantastic price and then didn't actually pay it. I'm hoping that I'm paranoid.

As soon as we decide where to go and start paying for accommodation etc I'll get insurance... and maybe I'll pay off the rest on the second of nov/dec/jan - don't think I'm brave enough to leave it until feb - All Of The Bad Things could happen at once ...

[scoobydooby]

Originally Posted by Andybear

I pay my balance off in instalments as my credit card limit isn't high enough to pay it all off in one go on the due date. I always make sure I have an ESTA in place before I even book holidays.

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Actually making sure your CC limit is sufficient is a good point. If that’s an issue I’d still pay later rather than sooner but possible over 2-3 months.