In plain English
This is money value that a travel provider keeps on record for later use. It is not cash in hand, but an amount that can be applied to future travel bought from that provider.
In context
Here, it names value kept with the travel provider instead of a cash refund, to be used for a later travel booking.
- Situation
- Changing trips, requesting refunds, reading disruption options, and handling travel documents
- What it communicates
- names an alternative to cash refund that keeps value for later booking use.
Meaning limits
The term itself does not state any time or use limits on that value.
Examples
“After the cancelled flight, the airline gave her travel credit for a later trip instead of a cash refund.”
“Rather than take a refund, she kept the fare as travel credit for her next train booking.”