TRAVEL: Play Now, Pay Later

U.S. travelers will spend some $18 billion to see the U.S. in 1958. From Cape Cod (tourist inquiries up 40%) to California, warm weather vacation business is booming, thanks partly to easy-credit mechanisms. Items:

¶ Phillips Petroleum Co. announced last week that its credit-card holders around the U.S. may buy as much as $150 worth of gas, oil, tires or auto accessories while on their vacation, and take up to six months to pay for their purchases.

¶ American Express started to sell package tours on the installment plan with payments ranging from three months up to 20 months. A...

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