Using credit cards while traveling abroad indeed can handle variety of transactions easier and efficient. But, be wise to determine which credit card need to use.
Here are some things you need to consider when using credit cards abroad:
Transaction Costs
Do not be surprised if you are charged a foreign transaction, or also known as a currency conversion fee, on all purchases using credit cards in foreign countries. Sometimes, the cost is also charged to you even though you was at home and make purchases from foreign companies.
To save money, check out how a foreign transaction fee of each credit card. Choose a card with the lowest transaction fee.
Credit card vs debit card
Some travel experts suggest credit card for purchases abroad, because it's easier to dispute any suspicious charge than if using a debit card.
With the disputed credit card charges, you do not have to pay the bills until the problem is solved. While using a debit card, direct funds withdrawn from your account immediately. The travelers are advised to use a credit card for major purchases and use a debit card for cash.
Travel Allowances
Many credit cards offer a variety of travel benefits, such as auto rental insurance, air travel insurance, and discounts on everything from hotels to the various attractions. Check the travel benefits of each card and use your credit card that gives the best rewards.
The exchange rate of credit
Credit cards also offer better currency exchange rates, than you can get at money changer booths or banks.
and last, Have a great traveling :)
No comments:
Post a Comment