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  • Using Your Future Travel Credits

    9/11/2020 12:34:30 PM Link 0 comments | Add comment

     

    As 2020 travel plans have changed, many people, including a lot of our Globe Travel clients, have taken advantage of travel suppliers’ future travel vouchers. While they go by a lot of different names, the concept is the same: you leave your money for a cancelled trip with the travel supplier, instead of getting a refund, and you can apply that toward a future trip with the supplier. Suppliers often offered an incentive to travelers of 10-50% additional as part of the voucher.

     

     

    As we’re starting to think about redeeming these vouchers, my biggest tip is that you read the fine print. Actually, you should have read the fine print before you accepted the voucher. Each one comes with terms and conditions.

     

    For example:

    * For cruises, sometimes the voucher can only be applied to the cruise fare but not to airfare, taxes, port fees, etc. If this is your situation, you may want to consider upgrading your cabin so that you take full advantage of the value of your voucher.

     

    * For airlines, the voucher is often considered a “waiver.” This means that the airline will waive the change fees for you to change your air schedule. In some cases, this offer is only valid one time. If you get a second ticket using your waiver and you have to cancel that trip, you may be subject to penalties for changing the ticket a third time.

     

    For escorted tours, you may have the option of using the voucher or of rebooking the same trip for the price you had planned to pay in 2020. You should do the math on this one. If the tour company has increased the price on the trip in 2021, is it better financially to lock in the 2020 price or better to take the voucher with the incentive (10-25% usually) and pay the higher 2021 price?

     

    For trip insurance, you may be eligible for a voucher if you haven’t made a claim against the policy for a trip you didn’t take. In this situation, you may be able to get a voucher for the amount you paid that can be applied to a future trip.

     

     

     

    In addition to understanding the details of the value and conditions of your voucher, you also need to know the timeline you have for using the voucher and whether the voucher is transferrable to someone else. If you have to use the voucher “within one year,” does that mean one year from the date you were planning to travel or one year from the date you purchased the trip? Make sure you have the documentation and understanding of all of the conditions for using your voucher.

     

     

    These are just a few examples of scenarios we have come across as we’ve been working with our clients. Rest assured that when you work with a Globe Travel adviser, we will work with you to understand the conditions of the voucher and the appropriate procedures for redeeming it. We will make sure we maximize it so that you can get the most out of the vacation you lost in 2020. Just another example of the services travel professionals provide and why working with us is a great idea!

     

     

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