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...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!