Now is the time to make your year-end holiday travel plans — or you will pay through the nose in 2019.
The sage holiday traveler grabs every discount and forces credit card companies to offer the best deals.
But a chump overpays, according to a new report, which documents how holiday travelers paid for trips last year and how some will overpay this year.
Travelers will charge on average $1,456 for holiday trips, but most will take months paying it off while incurring a 15 percent or more interest charge, according to NerdWallet’s 2018 Holiday Travel Report.
For instance, at 15.5 percent interest, taking a year to pay off that $1,456 home for the holidays will come to $1,578, with about $122 extra going to the card issuer. This is self-destructive, says a NerdWallet expert.