Contiki now lets you book now and pay later with ZipMoney
That's even more time to pay off your holiday.
If you haven't gotten wind of ZipMoney yet, it works in a similar fashion to Afterpay, providing you with a line of interest-free credit for a specified period of time with participating stores. If you do buy with ZipMoney, you will need to make monthly payments and your outstanding balance will not accrue interest as long as you pay it back within the six-month interest-free period.
The idea of book now, pay later is nothing new to Contiki, which hosts its own payment plan with deposits due within seven days of booking and full payment 45 days prior to departure.
So why bother with ZipMoney?
Well, perhaps the biggest benefit is that it enables you to cash in on Contiki's early-payment discount. This gives you 10% off for booking and paying in full early since ZipMoney pays for the whole cost on your behalf when you opt to use it.
One advantage of ZipMoney's payment plan is the life of your loan, which is interest-free for six months. So depending on how far in advance you've booked your trip, this potentially gives you longer to pay it off while also allowing you to travel even if a balance is still outstanding.
Another is that no deposit is required to make your booking, so you don't have to wait until payday to book your spot on the tour.
Things to keep in mind
First, you need to be approved to use ZipMoney. This can be done quickly online, however approval and your loan amount is subject to how much you can afford. Another important thing to note is that ZipMoney may charge fees. This includes an establishment fee, the amount of which is determined by how much you borrow and will be added to your interest-free balance. ZipMoney also charges a monthly fee ($6 at the time of writing) if you have an outstanding balance. And of course you'll need to make sure that you'll be able to pay it off in six months, otherwise you'll be paying interest charges.
It sounds like a lot, but depending on how much you save through your early-bird discount or any other discounts for that matter, it may work in your favour. As always, check your contract and read the terms and conditions first before signing up.