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Travel Loans: The Pros & Cons ✈️
Pros
- Fixed repayments make budgeting easier.
- Often lower interest rates than credit cards.
- Can cover all trip costs upfront (flights, accommodation, spending money).
Cons
- You’re locked into repayments for the full loan term.
- Not as flexible if you need to adjust your budget later.
Credit Cards for Travel: The Pros & Cons 💳
Pros
- Flexible – only repay what you spend.
- Some cards include travel insurance or rewards points.
- Handy for emergencies while overseas.
Cons
- Higher interest rates if you don’t repay in full each month.
- Easy to overspend without realising.
- Multiple card balances can impact your credit score and future loans.
What Perth Locals Should Consider
If you’re a disciplined spender who wants flexibility, a credit card might suit your travel needs. But if you’d rather lock in your budget and know exactly what repayments look like, a personal loan for travel could be the better choice.
How Hanna Lending Can Help
As a trusted finance broker in Perth, Hanna Lending compares loan options from a wide panel of lenders. We’ll help you weigh up whether a travel loan or credit card works best for your situation – so you can enjoy your trip without financial stress waiting for you back home.
📩 Ready to plan your next overseas adventure? Talk to Hanna Lending about your finance options today.
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