The concept of “buy now, pay later” for travel is interesting. The basic idea is just as it sounds: purchase travel now, such as a flight or hotel stay, and pay for it over time. In essence, you’re securing a loan that a lending entity might call a point-of-sale loan.

We’ll talk about this concept in detail in the following article. We’ll also go over whether it’s a sensible idea if you’re thinking about traveling this year.

Why Consider a Point-of-Sale Loan?

Let’s say you’re at a financially stable point right now. Maybe you figured out the best way to consolidate credit card debt, and you’re making enough money to cover your regular expenses.…