If you are like TripBadger, you probably check airfares to your favorite destinations on a regular basis and dream of travel to faraway places. When the stars align and you find the perfect fare, how do you know you have found the cheapest option? Do you worry that if you do not buy it immediately, it will be gone?
24 Hour Reservation Hold
The good news is that if you find that amazing deal, you can feel free to snap it up to confirm a seat. Because many airlines permit consumers to either hold a reservation at a guaranteed fare for 24 hours or to cancel a ticketed reservation for a full refund within 24 hours, you have time to lock in the fare and keep searching for a potentially cheaper price. American Airlines, for instance, allows travelers to put a reservation on a courtesy hold for 24 hours and guarantees the fare. United, US Airways, Delta, Southwest, Alaska, and Frontier let travelers cancel a reservation within 24 hours of booking. TripBadger recommends reading the fine print on each airline’s website for detailed explanations of their policies. Also, you might want to review the U.S. Department of Transportation’s consumer guide to air travel, Fly-Rights. This document attempts to summarize the ever changing policies of the U.S. airline industry.
If the 24 hour hold or cancellation window does not give you enough time to make a definitive decision, United also offers its FareLock product. This service enables travelers to lock in a fare for a nominal fee for either 72 hours or 7 days. While not ticketed, the reservation is placed on hold and the price guaranteed for the duration of the selected hold period. The question is whether it’s worth the FareLock fee or better to risk a fluctuation in the fare. TripBadger tested FareLock for a ticket from Washington Reagan Airport (DCA) to Portland, Oregon (PDX) in July. The fare between DCA and PDX did not change within the seven day FareLock window and the fee added to the overall cost of the ticket once it was booked. In this case, it would have been better to take a chance and gamble on the price not changing.