Bank holiday breaks blow budgets apart moneyfacts.co.uk
24.08.11
Date: 24/08/2011
The majority of holidaymakers will leave their budget at the boarding gate when they jet away this Bank Holiday, new research has revealed.
More than half of Brits surveyed by MasterCard admitted that last minute foreign getaways over the Bank Holiday weekend can end up costing them as much as their annual week in the sun.
The new research also shows that two thirds of holidaymakers feel that mini-breaks leave them paying out more than they expect.
Around two million sun-seekers will take to the sky this weekend, yet only one in four adults set a budget and always manage to stick to it when they go away.
Another quarter admitted to never even setting a budget.
Underestimating the real cost of excursions, food, drinks, gifts and souvenirs all contribute to hitting holidaymakers in the pocket.
Meanwhile one in five admitted to being caught out by the cost of getting ill overseas, a worryingly high number considering the significant expense that can build up when seeking medical attention abroad.
Source:
CUETS Financial Platinum Class bMasterCard/b – Unnoticed bMasterCard/b b.../b
Recently a loyal reader of Banknerd emailed me about a great credit card that goes unnoticed. There are many poorly advertised credit cards, the majority of which are not that great, however the credit card Mitch sent us about is great.
What is the Card?
CUETS Financial is the mastermind behind the Platinum Class MasterCard , a credit card that can appeal to anyone who is looking for convenience, security and a sense of adventure.
The Platinum Class MasterCard offers a comprehensive package of insurances, something that will give you the peach of mind you would expect from a Platinum class credit card. With this credit card, you are automatically enrolled into the Platinum Class Rewards program, which now has more redemption options than ever before.
How does the Reward System work?
With the Platinum Class MasterCard you are able to earn 2 points for every dollar spent. You can redeem points for premium merchandise from the Platinum Class Rewards website or for travel through the exclusive Platinum Class Travel Agency at a 1% value. This means for every 10,000 points, you receive $100 worth of travel.
If you do not have enough points for an entire trip, you can charge the remainder to your Platinum Class MasterCard, which allows you to earn more points for future use.
When redeeming your reward points, you have no restrictions on travel; this includes any seat, any carrier, any travel time and any destination.
The only issue with the reward system at the moment is that the amount of Platinum Class Rewards points you may accumulate is limited to 400,000 points per calendar year.
What kind of Insurance Coverage is provided?
The insurance coverage provided with the Platinum Class MasterCard is great. You are given Out of Province/ Country Emergency Medical and Dental Coverage. The coverage provided is for the first 31 days of each trip outside your province or territory of residence. Coverage is up to $2,000,000, per insured person and it includes the following and much more:
