Pros and Cons of Buying an Annual Activity Pass
Many forms of entertainment, from theme parks to cinemas, now offer annual subscriptions. This means that you can pay a set fee and access the attraction throughout the year. Often, the price will be set off an average of visits, meaning that you’ll get much more for your money if you purchase the annual activity pass. However, this doesn’t mean the activity pass has no disadvantages. If you have a family or perhaps are an individual who enjoys keeping entertained, you may have already considered these options. But, many people don’t actually know they exist. In many industries, the concept is just beginning to take off and more businesses are utilising the idea. Although they sound like a great option, the financial aspect could soon backfire and you’ll find yourself experiencing the consequences. So, here are some pros and cons to consider…
Pros One: Worth The Money
These annual activity passes are created with the intention of allowing customers to save money in return for their contribution to the attraction. In other words, most of the time, the only people purchasing these passes are those who know they attend the attraction regularly. With all of the other purchases available to make whilst visiting, customers are funding the businesses well. So, if you are somebody who visits a certain location regularly, purchasing an annual activity pass could save you a fortune.
Pro Two: There’s No Added Pressure
If you splurge on a one-time attraction ticket, it’s common to feel like you have to stay all day, no matter how many times you attend. However, if you purchase a one-time fee ticket, you know that you can attend whenever you like. Therefore, there is no added pressure from feeling like you are wasting time, as your experience is not limited.
Pro Three: Exclusivity
It’s common for annual activity passes to come with multiple other perks, not just the ability to attend whenever. In fact, these perks may actually outweigh the overall price. For example, if you’re purchasing an annual theme park pass, it often also includes discounts on in-park food and drinks, early access, and exclusive deals. These additions alone are pretty expensive, meaning you’re saving even more money.
Con One: You Might Get Bored
Annual passes can be very expensive. After all, they are made to cater to the needs of those who visit regularly. The issue with paying one lump sum for the annual ticket is that people’s hobbies change. Some of the activities that you’re interested in at the moment might be despised in a couple of months. If you buy the pass and decide against it in the future, you’ll have wasted a lot of money. So, although they’re convenient for some, they’re not the best option for all.
Con Two: The Price
Studies show that 63% of Americans do not have enough savings to cover a $500 emergency, never mind an unnecessary annual activity pass. As mentioned above, the prices of these passes are not cheap, in fact, they may be even more than you think. Overspending on the wrong aspects can soon send individuals into debt or scrambling for money. Fortunately, if you’re struggling with financial emergencies, there are options you can take, one of which includes a payday loan. For more information, click here.
Con Three: It’s Not Always As Good As It Looks
Often, many businesses will sell you one thing and provide another. For example, businesses may offer exclusive events for passholders only that can be booked through an app or website portal. However, there will be thousands of other people who also have the annual pass. This means that if the event requires tickets, the likelihood of you getting your hands on them may be limited.
