How To Finance Summer Vacation With Credit Card and Save

Financing a vacation with a credit card can be a convenient way to manage travel expenses, especially if you’re strategic about how you use your card. Here are some key points to consider:

1. Utilize Travel Rewards Cards:

Many credit cards offer travel rewards in the form of points or miles. These rewards can often be redeemed for things like flights, hotel stays, or rental cars, helping to offset the cost of your vacation. In fact, some cards also offer additional travel perks like free checked bags, priority boarding, and access to airport lounges.

2. Take Advantage of Signup Bonuses:

Many credit cards offer generous signup bonuses that can help cover a significant portion of your vacation expenses. For instance, you might get a large bonus of points or miles if you spend a certain amount on the card within the first few months of opening the account.

3. Use 0% Introductory APR Offers:

Some credit cards offer a 0% introductory APR on purchases for a specified period after opening the account. If your card has this feature, you could finance your vacation by making the purchases on the card and then paying off the balance over time without incurring any interest.

4. Be Aware of Potential Pitfalls:

While using a credit card to finance a vacation can have its advantages, it’s also important to be aware of potential pitfalls. Interest rates on credit cards are typically quite high, so if you don’t pay off your balance in full and on time, you could end up paying a lot in interest. It’s also important to remember that if you’re using a card to earn rewards, the value of those rewards likely won’t outweigh the cost of interest if you’re carrying a balance.

5. Plan and Budget:

Lastly, as with any major expense, it’s crucial to plan and budget your vacation carefully. Make sure you can afford to pay off any charges you make on your credit card quickly to avoid paying interest. Also, consider all potential expenses, such as meals, activities, and emergency costs, when planning your vacation budget.



1. Transportation:

  • Flights: The average domestic round-trip ticket per person is around $350, so for a family of four, that’s about $1,400. For international flights, the cost can go up significantly.
  • Car Rental or Gas: If you’re driving, you’ll need to factor in gas and wear-and-tear on your car, or the cost of a rental car. An economy car rental could cost around $30-50 per day, so for a week, that’s $210-350. Remember to factor in the cost of gas, too!

2. Accommodation:

  • The cost of accommodation can vary widely, from budget options like campsites or hostels, to mid-range hotels, to luxury resorts. As an average, let’s use $150 per night for a hotel, so for a week, that’s about $1,050.

3. Meals:

  • Food costs can also vary greatly depending on whether you’re dining out for every meal or cooking for yourself. If you budget around $70 per day for food for the whole family, that’s $490 for the week.

4. Activities and Entertainment:

  • The cost of activities can also range widely depending on your plans. Things like theme park tickets, guided tours, or equipment rentals can add up. Let’s say you spend $50 per day on entertainment, which would be $350 for the week.

5. Miscellaneous Expenses:

  • Don’t forget to budget for miscellaneous expenses like souvenirs, tips, or unexpected costs. An extra $100 for the week would cover a few of these costs.

So, adding up all these costs, a rough estimate for a week-long family vacation could be around $3,300 – $4,500.


Fun places to visit with prices

1. Orlando, Florida

Orlando is home to a variety of theme parks including Walt Disney World, Universal Orlando Resort, and SeaWorld.

  • Transportation: Domestic flights average around $350 per person, so $1,400 for a family of four.
  • Accommodation: Mid-range hotels near the parks can average around $150 per night, totaling $1,050 for a week.
  • Meals: A budget of $70 per day for the family would total $490 for a week.
  • Activities and Entertainment: Tickets to the theme parks vary, but on average, you can expect to pay around $100 per person per park, so if you plan to visit multiple parks, this could be around $1,200 or more.
  • Total Estimated Cost: Around $4,140

2. Yellowstone National Park, Wyoming

Yellowstone is perfect for families who enjoy outdoor activities. You can explore geysers, hike trails, and see wildlife.

  • Transportation: Flights to a nearby city like Bozeman, MT, could be a bit pricier than average, so let’s estimate around $400 per person or $1,600 total.
  • Accommodation: Options range from camping to hotels to cabin rentals. A mid-range hotel might be around $200 per night, so $1,400 for a week.
  • Meals: If you cook some meals yourself, you could potentially save here. Let’s estimate $50 per day, so $350 for a week.
  • Activities and Entertainment: The fee to enter the park is $35 per vehicle, and outdoor activities like hiking are free, so this category will be less than some other destinations.
  • Total Estimated Cost: Around $3,385

3. Paris, France

Paris offers a blend of historical sites, famous museums, and delicious cuisine.

  • Transportation: International flights will be more expensive. It’s not uncommon to find fares around $1,000 per person, so $4,000 total.
  • Accommodation: Hotels can be quite pricey in Paris. A mid-range hotel could easily be $200 per night, totaling $1,400 for a week.
  • Meals: Dining in Paris can range from budget-friendly to very expensive. A moderate estimate might be $100 per day for the family, so $700 for a week.
  • Activities and Entertainment: Visiting famous sites like the Louvre or the Eiffel Tower costs around $15-20 per person. If you visit a few such sites, this could total around $300.
  • Total Estimated Cost: Around $6,400