JUNE 16TH, 2006

Its the time of the year where we all look forward to sun, sea and sand! Pampering ourselves and splashing the cash as we spend quality time with family and friends. We often end up paying for it all year round though if we have not planned and paid our holiday in advance.

There is a way to save money though by using a credit card wisely!

With so many interest free credit card deals for balance transfers and purchases there has never been a better time to save a bit of cash and spread the payment of your holiday over a period of time.

If you have not already bought your holiday your best bet is to apply now for a credit card with an interest free period on purchases for as long as possible without any fees.

Currently the best interest free period on a credit card is the Sainsburys credit card - offering a massive 10 months interest free on purchases. This is a market leader.

This will give you 10 months to pay off your holiday month by month - without paying any interest!

Whats more if you have not paid off your credit card balance by the end of the 10 months just transfer the balance to another interest free credit card.

You can continue to pay the balance off without paying any interest charges.

If you have already paid for your holiday and are worrying about paying it off there are options.

If you are paying interest for your holiday on another credit card there is an option. Transfer that balance to an interest free balance transfer credit card.

Watch out though - some credit cards charge handling fees. You want to avoid credit cards charging handling fees as it will probably defeat the purpose of not paying interest. There are a few credit cards out there that do not currently charge handling fees.

One of the market leading credit cards at this time is the Post Office credit card.

Offering 6 months interest free on both purchases and balance transfers its a real steal! Whats more no handling fee.

It is an outstanding performer in the current UK credit card market and proving to be extremely popular. No one can predict how long this offer is going to last however.

Either way if you have booked your holiday or not there are options to cut the costs around your neck if you are expecting to pay interest over the coming months long after you get back from your holiday.

Its better to relax knowing that you can gradually pay off your holiday without it seriously hurting your financial outlook.

It will even let you enjoy your holiday that bit more.

Happy holidaying!

Related article links :

• Sainburys Credit Card - 10 months 0% purchases
• Post Office Credit Card - 6 months 0% balance transfers and purchases
• UK Credit Card Search