Travelling is fun but it can also be expensive. Whether you only go for as simple as enjoying a dinner and a day tour or as intricate as booking flights and hotels, you would see yourself caught in a dilemma of how to pay all the expenses you incur. Would it be cash, a check, or a credit card?
While, in fact, a traveler always needs cash, you can take advantage of using a credit card to make your travel abroad easier and simpler. Prepared with a card, you would get rid the hassle of having to find a currency converter center. Also, you will be safe of losing money from pickpockets. But you must remember that using a credit card while travelling overseas does not, in itself, cause you to spend cheaper. Here are tips and advices that you can follow to maximize and wisely use your credit cards while on travel.
Check if your Credit Card has NO Foreign Transaction Fee
Most of the bank cards usually carry additional fees for overseas transactions. Typically, 2-3% of the original price is added as an extra charge, resulting to you paying more for every purchase while travelling abroad. Hence, it would be wise if you check your credit cards before you depart for your trip. See if there are agreements in your cards that include transaction fees. If they do, better apply for a credit card that does not charge a fee for foreign transactions.
Inform Your Credit Card Issuer of Your Travel
Just like how you let your mom and dad know, when you were younger, that you were going out, you should also call your credit card companies that you are travelling abroad. Ring them over and give them essential information about your travel plans. There are credit card issuers that use a security software to their cards to avoid fraud. Consequently, when you use your card overseas, without informing them, chances are you would experience decline or worst card suspension. And you don’t want this to happen to you. So, make sure to ask your card issuer a phone number that you can easily contact when something comes up while you are on travel.
Ask Questions Before You Go
Before you leave, ask your travel agent, if you have any; or your card issuer if your credit card would properly work in the country where you are going. You can even check with your booked hotel if your card is acceptable. There are still countries, especially in Europe, that use magnetic stripe cards. However, small stores, restaurants and transportation mostly use chip-and-PIN. You may also contact your banks perhaps they issue a chip-and-PIN card.
Be Mindful of Dynamic Currency Conversion
Dynamic Currency Conversion means that for every transaction that you do, merchants charge you in dollars rather than in their local currency. This could lead to an exchange rate unfavorable to you. To avoid these costs, you should not sign any receipt or check that is not expressed in their local currency. Check the conversion rates as well.
See Credit Card Rewards and Benefits
It is true that not all credit cards offer similar benefits. So, there would be no harm in checking if your card also have travel perks. See if your cards offer car rental discounts, booking flight incentives, free breakfasts at hotels, medical travel insurance and other probable benefits. Pick a card that gives you rewards and points while travelling abroad.
Being knowledgeable in using your credit cards gives you a great advantage while travelling across the globe. You don’t need to stress yourself out as you go travel the world. At the end of the day, life is meant to be enjoyed wisely.
Do you have other advice in using credit cards abroad? Feel free to share in your comment!
Amazing Reads of the Week
Coffee Cherry Skins: The Superfood You Haven’t Heard Of – Epicure and Culture
Istanbul Sultanahmet Photo Essay – Traveling Ted
Mizen Head: Neither the most Southern nor most Western Point in Ireland – Everchanging Scenery
8 Unusual and Cool Things to do in Istanbul – Turkish Travel Blog
Discover New York: Central Park Through The Eyes Of A Local Photographer – Jessie on a Journey
50 Things to do in BERLIN! – That Backpacker
Cliffwalk at Capilano Suspension Bridge Park – Travelling Canucks
How to Travel the Caribbean Backpacking on a Budget (25 USD/day) – Cycling el Mundo
What is Glamourous to you? – Glamorous Traveller
A&Z: What it’s like to Travel in a Mlticultural Couple – Backpack Me
Bucharest Gara de Nord: A Mixed Bag – Passing Thru
10 Ways Travelling Will Change You – Be my Travel Muse
Eat at Tokyo’s ‘Kill Bill’ Inspiration Restaurant – Bucket List Journey
Why You Need Travel Insurance – D Travels ‘Round