The Late Escape: One in Four Brits Plan a Holiday Before the End of the Year

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The traditional standard idea of a summer holiday is losing popularity, according to new research from Halifax.

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With 32% of holiday makers using a credit card whilst away, it is increasingly important to make sure that the plastic in your wallet will make your money go further.

It seems the traditional idea of a summer holiday holds less appeal for many holidaying Brits, with one in four now planning their holiday during the end of year low season (October – December), according to new research from Halifax.

Of those opting to holiday late in the year a quarter of respondents said that they do so as to avoid peak prices, a further 23% are looking for winter sun, whilst 14% feel that they can go further for their money. With this in mind almost around 3 million will be planning a trip to a long haul destination (outside of Europe and Russia) and over 2.5 million are hoping for some late sun with a visit to southern Europe and the Mediterranean.

With over 11 million people opting to head off on a holiday in the last few months of the year, it is expected that collectively they will be spending over £9 billion getting away and a further £500 million whilst on holiday.

Meanwhile, one in three state that they are finding it harder to save up money for a holiday. To counteract this, 29% of people now spend longer looking for the best deal, whilst 23% have cut back on leisure activities to afford their holiday and 13% have taken on extra work.

However, there are other important ways in which consumers can save on their holiday. With 32%(ii) of holiday makers using a credit card whilst away, it is increasingly important to make sure that the plastic in your wallet will make your money go further.

The Halifax Clarity credit card makes using a credit card abroad a more appealing option by charging no foreign exchange fees worldwide on any transactions or cash withdrawals. It offers a flat rate of interest at 12.9% typical APR across all transactions, which means consumers will see no cost difference for using their card whilst they are on holiday than when using it in the UK.

Ken Stannard, Halifax Director, Credit Cards comments: “Low season holidays hold a great deal of appeal for those that are looking to get away but still make the most of their money. However, more budget conscious holidaymakers need to also ensure that they are getting the best deal on their travel money as well. The Clarity credit card not only offers no foreign exchange fees at a great rate, but using a credit card abroad can also give the consumer extra piece of mind that their purchases are secure.”

Editor's notes:

  •          Halifax Clarity Credit Card offers 12.9% APR Variable.
  •          Halifax Clarity Credit Card has no cash fee, no balance transfer fee, no foreign exchange fee and no annual fee. Overlimit and late payment fees will still be charged.
  •          The £5 cashback facility is available to customers who pay £1,000 or more each month into their Halifax current account, or hold an Ultimate Reward Current Account. Customers will also qualify for the £5 cashback facility if they move their current account to Halifax using the Halifax Switching Service and pay in £1,000 or more each month, or open an Ultimate Reward Current Account.
  •          At least £300 of purchases each statement period are required for the £5 cashback.
  •          The issue of a Credit Card depends on our assessment of your circumstances. You must be 18 or over and a UK resident to apply.
  •          The Halifax Clarity Credit Card® Card is issued and administered by Bank of Scotland plc pursuant to a licence from MasterCard®.
  •          MasterCard® and the MasterCard Brand mark are registered trademarks of MasterCard International Incorporated. Bank of Scotland plc Registered office: The Mound, Edinburgh, EH1 1YZ. Registered in Scotland No.SC327000. Authorised and regulated by the Financial Services Authority.

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Claire Barratt
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