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you're about to discover four key
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reasons you should take cash not future
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cruise credit for a canceled cruise
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I'm Gary Bainbridge this is another of
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my cruising tips for travelers at the
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moment the cruise lines are offering
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really big incentives if when they
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cancel your cruise you take future
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cruise credit you get 25% bonus in some
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cases even gone a size turned percent
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bonus in the case of virgin voyages so
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that's a big hefty incentive for taking
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future cruise credits however I'm going
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to talk about four key reasons that I
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think you should think really carefully
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before you take that future cruise
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credit and go more for cash first of all
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even though we may not like to address
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this it there is a chance or even a
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possibility or a probability that not
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all cruise lines are going to survive
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this crisis now the cruise lines at the
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moment are churning through enormous
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amounts of cash some of the big groups
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like Carnival Cruise Corporation are
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spending almost a billion dollars a
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month now what if the cruise lines are
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doing to mitigate this is they're
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putting their ships into cold lay up
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which basically means they send crew
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home they really wind down the ship so
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it's costing much less but they are
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burning through a lot of cash so it's
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not clear despite all the fundraising
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that that's been going on that all
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cruise lines will survive especially the
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moment we don't know how long the
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shutdown is going to continue for so you
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need to bear in mind there is a chance
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that the cruise line that you're going
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with for future cruise credit may not
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survive now it is probably likely that
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the big groups Carnival Corporation
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which of course as Carnival Holland
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America princess Seabourn Aida many
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other cruise lines Royal Caribbean which
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of course is celebrity Azamara of course
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the Royal Caribbean itself they have
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some links with Pullman tour then you've
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got Norwegian which is Oceania region
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seven seas but we they may end up for
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example we just don't know they might
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have less brands coming others but we
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just don't know it's a very moment you
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take future cruise credit you need to be
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very confident sure that you are happy
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that the cruise line that you take in
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the future cruise credit for is going to
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survive this crisis Cruise Lines are
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making increasingly difficult to take
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cash but if you persevere with it you
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can so for example at the time of
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recording Royal Caribbean we're saying
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it's going to take 90 days for me to get
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back Norwegian cruise which has got
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canceled when they're canceled a whole
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month more of cruises there have very
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specific windows less than seven days
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when you can actually go online and
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apply to get cash rather than future
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cruise credits of them certainly making
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it very difficult but don't let that
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difficulty get in the way of you doing
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the right thing for you the second
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consideration this is one that I think
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is really really really important is
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that you want to make sure that you've
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built in and give yourself the maximum
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amount of flexibility when it comes to
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chasing deals it's very important to
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understand that as you look at 2021 and
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maybe even to 2022 is there is going to
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be much more capacity than there are
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people chasing cruises so despite all
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the hype despite all the stories you're
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hearing about people booking the reality
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is a lot of people are gonna be very
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nervous about travelling and nervous
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about going cruising again and there is
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going to be much more capacity and I
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believe very very strongly that we're
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going to see prices and deals improving
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significantly in 2021
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I think we're really really going to see
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that once the cruise lines actually know
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when they can really start up when they
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know which ships they're going to be
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selling when they know what itineraries
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they can operate that is when we see the
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big deals coming because that's when
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they know they have inventory that they
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can genuinely absolutely sell and
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they're gonna be pushing hard in a very
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competitive market to get ships full if
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you've locked down future cruise credit
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portion are linked to one specific
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Cruise Line but you might find you can
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going to get amazing deals as you are
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able to look across cruise lines across
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itineraries so actually by taking future
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cruise credits you're locking yourself
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in and potentially locking yourself out
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of phenomenal deals and this was a big
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big driver for me to decide to actually
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I'm gonna take cash rather than future
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cruise credits because I want to have so
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much more flexibility and already I'm
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seeing that now as I look at some 21
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cruises if I'd stuck with a cruise line
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I would actually had a worse deal than
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actually having the ability to switch
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around and that's gonna become much
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better as we move forward over the
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coming months and into next year so take
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the cash and build in the maximum of
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flexibility you have to chase those
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the next key reason for taking cash
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rather than future cruise credit is you
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may find that your interest and passion
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desire for cruising and cruising on a
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particular cruise line may
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change and evolve if you've taken a
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future cruise credit you're committing
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yourself right now to cruising and also
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cruising on a very specific cruise liner
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there's three things I think you need to
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consider as you think about your passion
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and desire for cruising if you're
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watching this you probably are a big fan
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of cruising you pretty sure you want to
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go cruising but things could change and
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by having cash yeah that flexibility
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first of all because you might find
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actually that itineraries are not what
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you expect them to be it's likely as we
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start up cruising that itineraries that
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are laid down in the brochures and
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online for 2001 and even into 2022 may
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not actually operate as planned because
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no one really knows yet which regions
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are gonna open what ports are gonna open
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what where ships are gonna be the
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itineraries that are set for 2001 were
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said many years ago and so much has
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changed since then so you might find if
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you've locked yourself into future
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cruise credit with a particular cruise
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line the itinerary that you really want
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to do they might not be offering in 2021
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or beyond so you might really really get
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frustrated because you've got a future
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cruise credits you have to use in our
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specific cruise line and they're not
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giving you itinerary that you wants the
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other thing that may change your passion
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and drive to go cruising is we also
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don't know yet what all the rules and
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regulations and procedures are going to
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be around cruising so you might find a
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certain testing protocols or certain
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insurance you have to have whatever it
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is going to be we just don't know yet
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exactly what that's going to be so you
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might find actually when that all
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settles down and it's clear how
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cruising's can operate certainly before
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there's a vaccine in place you might
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actually find actually that doesn't
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appeal to you just don't really like
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that area you don't want to go through
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testing or whatever it entails but you
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then locked in because you have a future
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cruise credit rather than cash the other
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area which is sort of linked to
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something that may make you change your
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mind around cruising is we also don't
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know what the impact on the onboard
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experience is going to be now based on
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some of the things that we've seen and
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again we just don't know you might find
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that there's more limits on what
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entertainments offered onboard for
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example because of more social
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distancing practices or whatever you
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might find that because the cruise lines
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have taken such a big financial cost
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they're looking to cut costs so you
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might find on board there's perhaps less
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things included in there for free or you
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might find that prices have gone up so
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you might find that drinks become more
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expensive for Wi-Fi becomes more
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Scotians become more expensive as they
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try and recoup some of the money that
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they've lost all through some of the
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deals so you just don't really know what
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the onboarding experience and the cost
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associated with that it gonna be we also
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don't know yet how the whole airline
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industry is gonna shake out there's
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certainly lots of indications that there
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could be less availability prices could
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be higher so getting to and from cruises
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may be more expensive so you just don't
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know there's lots of unknowns around
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that onboard experience and costs so
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actually by having the cash you again
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have much more flexibility as it becomes
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clearer if you've got a future cruise
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credit with a specific cruise line and
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you don't like what they're doing with
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the onboard service or the procedures or
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the extra costs they're building in
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onboard you have nowhere to go because
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you're locked in the next key thing that
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you might want to consider is it's
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uncertain times you don't really know
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what's happening and actually cash it's
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probably better to have then future
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cruise credits of course you're going to
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get a bonus buy take your future cruise
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credit but times are so uncertain we
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just don't know what's happening with
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our finances you know the economy and
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all that kind of stuff so actually
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banking cash in many ways for me anyway
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feels much more comfortable cuz I do
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believe I'm gonna get great deals next
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year so although I'm throwing away some
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of those bonuses I think I can recoup
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them by doing some clever buying as
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deals come on board and are available so
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I just think having cash just seems much
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more prudent with all the uncertainty on
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board doesn't mean that it's about
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cruising and I'm already looking at
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scoping out what my plans would be but
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keeping that flexibility is something
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that I think is gonna be really
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important moving forwards so there's
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some key reasons what I personally think
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that you should be looking at taking the
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cash option rather than the future
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cruise credit option how do you find
8:14
that helpful I have loads more advice
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and tips and videos which will help you
8:19
with your whole cruising journey as we
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move forward so why don't you watch
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another one of those right now
