I mean, how else will you travel unless you bring money to pay for your traveling? Cash is great, but many times a credit card is required, such as when checking into a hotel or renting a car.
There are many questions you may wonder before you go on your next international trip.
How will you pay for things? What if something goes wrong? How much will it cost to use your money?
Below is what you need to know about using a credit card while traveling.
1. Foreign transaction fees
You might not be aware of this, but some credit card companies charge fees for international transactions. However, many travel credit cards these days do not charge any fees.
You should contact your credit card company and see what the fee is as the fee can quickly add up if you make many transactions and/or if you are gone for a long period of time.
If you don’t have any credit cards that don’t charge fees, it may be a good idea to at least look into whether or not any credit cards would be better for you. Only do this if you are good with credit card spending though, as credit card debt is not worth it!
Always be careful about wherever you use your credit card. You are in a new-to-you area, so it is always a good idea to listen to your gut. If something seems fishy, then use cash instead. It would really be a pain if someone stole your credit card while on a vacation.
3. Tell your credit card company ahead of time.
Before you leave for a trip anywhere, it’s usually very wise to contact your bank and credit card company. This way they won’t freeze your account when you try to use it. They sometimes freeze it to protect you against fraud.
4. Currency conversion costs.
Different countries use difference currencies. Everyone knows this. However, sometimes a restaurant, store, etc. in another country may charge your purchase in U.S dollars. This then means that you may have to pay currency conversion fees. Always try to avoid this and tell anywhere that you plan on using your credit card that you do not want to be charged in USD and instead would prefer to be charged in their currency.
What other tips for credit card use do you have for when someone is traveling?