{"id":115648,"date":"2021-03-05T13:32:25","date_gmt":"2021-03-05T13:32:25","guid":{"rendered":"https:\/\/precoinnews.com\/?p=115648"},"modified":"2021-03-05T13:32:25","modified_gmt":"2021-03-05T13:32:25","slug":"if-you-got-a-voucher-for-canceled-plans-now-is-the-time-to-use-it","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/business\/if-you-got-a-voucher-for-canceled-plans-now-is-the-time-to-use-it\/","title":{"rendered":"If you got a voucher for canceled plans, now is the time to use it"},"content":{"rendered":"<ul>\n<li>On overwhelming majority of Americans\u00a0postponed or canceled their plans in 2020.\u00a0Most wereissued vouchers or credits good for a future date. <\/li>\n<li>One year later, those credits are about to expire, if they haven&#x27;t already.<\/li>\n<\/ul>\n<p>One year ago, I booked round-trip tickets on Frontier Airlines for a vacation in Florida. When the coronavirus outbreak grounded our plans, I was issued a voucher \u2014 good for three months.<\/p>\n<p>Like me, an overwhelming majority of Americans\u00a0shortened, postponed or canceled their plans in 2020.\u00a0<\/p>\n<p>Most were also issued vouchers or credits good for a future date. Twelve months later, those credits are likely expired \u2014 or are about to.<\/p>\n<p><strong>More from Personal Finance:<\/strong><br \/>38% of Americans would give up sex to travel again<br \/>Vacations may bounce back this year<br \/>How travelers could benefit from hotel industry struggles<\/p>\n<p>More than half of all adults, or about 54%, who laid out money for activities that were canceled due to the pandemic already lost those funds, according to a study by Bankrate.com.<\/p>\n<p>Fewer received partial refunds, although it varied by the type of purchase. About 35% who canceled short-term home rentals got some, but not all, of their money back.<\/p>\n<p>Less than a quarter of adults were partially refunded for canceled flights, sporting events, concerts, theater tickets or hotel stays, Bankrate found.<\/p>\n<p>Although many consumers accepted credit or vouchers rather than refunds, often good for up to a year, few expected it would be this long before the country began to open up again.<\/p>\n<p>Now, with expiration dates quickly approaching, it&#x27;s a good time to check in on those vouchers, advised Ted Rossman, an industry analyst at CreditCards.com.<\/p>\n<p>&quot;If you aren&#x27;t ready to use it, ask for an extension or make a plan for a few months out,&quot; he said. Many airlines and hotels\u00a0have relaxed their policies\u00a0and waived fees.<\/p>\n<p>At Frontier, for example, credits for future travel originally required that travelers re-book within 90 days. The airline then modified that policy and now credits are good for up to one year.<\/p>\n<p>Additionally, flights can currently be booked through April 2022 and the budget carrier is offering no-fee changes for new bookings made through the end of this month.<\/p>\n<p>With more than half of U.S. consumers planning to\u00a0take a vacation\u00a0later this year, this is a great time to book, Rossman added.<\/p>\n<p>In fact, summer travel reservations are picking up, thanks to recent improvements in the supply of Covid-19 vaccine shots, while the cost of airfare and hotel stays remain low.<\/p>\n<p>&quot;There are a lot of good deals right now, the longer you wait, the more likely prices are to rise or things fill up,&quot; Rossman said.<\/p>\n<p><em><strong>Subscribe to CNBC on YouTube.<\/strong><\/em><\/p>\n<p>Source: <a href=\"https:\/\/www.cnbc.com\/2021\/03\/05\/if-you-got-a-voucher-for-canceled-plans-now-is-the-time-to-use-it.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On overwhelming majority of Americans\u00a0postponed or canceled<\/p>\n","protected":false},"author":3,"featured_media":115647,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23051],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - 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