Credit cards still roil out­bound travel agents

In this age and time, travel agents rarely use credit cards, pre­fer­ring bank trans­fers in­stead for bulk book­ing and tick­et­ing. gets to the bot­tom of this anachro­nism.

TravTalk - India - - Analysis -

TEENA BARUAH Guldeep

Singh Sahni, pres­i­dent, Out­bound Tour Op­er­a­tors As­so­ci­a­tion of

Most air­lines, with their low profit mar­gins, dis­cour­age pay­ments with credit cards

In­dia, says, “If you look at how our busi­ness is con­ducted in­ter­na­tion­ally, you will no­tice that most of the coun­tries work with credit cards only. How­ever, in In­dia, we is­sue credit cards to ev­ery­body, but when it comes to us­ing it we are still ortho­dox.

Ev­ery year, the cus­tomer is find­ing newer ways to avail bet­ter pack­ages di­rectly from sup­plier

“Most air­lines, with their low profit mar­gins, dis­cour­age pay­ments with credit card as they want to save on the 2-3 per cent charge they have to pay to the credit card com­pa­nies. So they charge travel agents the ex­tra amount.”

Credit card busi­ness is one of the most lu­cra­tive busi­nesses for the bank and it’s very easy for them to charge a heavy trans­ac­tion fee. En­quire about the for­eign trans­ac­tion charges and cash with­drawal fees be­fore ap­ply­ing for the card. You might find a dif­fer­ence of 1-2% in the of­fers of credit cards from var­i­ous banks. Choose the one that charges you the min­i­mum. Ac­cord­ing to Hi­man­shu Patil, Di­rec­tor, Kesari Trav­els, “It is crit­i­cal to read the of­fer doc­u­ment of the credit card provider. At least scan your of­fer doc­u­ment. The de­tails of all the charges will be clearly de­tailed in it.” You might not find the ex­act

Ashish Saran

Group Gen­eral Man­ager Cana­dian Des­ti­na­tions Mar­ket­ing

Guldeep Singh Sahni

Pres­i­dent, Out­bound Tour Op­er­a­tors As­so­ci­a­tion of In­dia

Hi­man­shu Patil

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