Before traveling overseas, learn these essential credit card tips that will help you travel with ease
Whether you’re driving into Mexico or jetting off to Monaco, a credit card can come in handy to pay your hotel bill, cover restaurant tabs, purchase souvenirs and a whole lot more. And if you have a travel rewards credit card, you may be able to cover the cost of certain travel-related purchases by using rewards.
Click on this link to know more about 7 tips for using a credit cards internationally: https://telegra.ph/7-Tips-For-Using-Credit-Cards-Overseas-05-13
Before departing for your trip, you might want to take a few proactive steps to take advantage of all that your credit card offers when you’re in another country.
1. Check If You Need to Share Your Travel Plans
Some credit card issuers might request that you set up a travel notice when you’re going to be away from your home country. That’s so they know you’re abroad and don’t flag your card for potential fraud. You can typically inform an issuer of your international travel plans on its website, through its mobile app or by phone.
2. Consider a Card That Doesn’t Charge a Foreign Transaction Fee
A credit card that charges a foreign transaction fee can add some costs to your international travel.
These fees can vary between credit card companies, but they could be about 3% of the purchase price. They might be applied to your account when you make transactions using your credit card abroad.
3. Opt Out of Dynamic Currency Conversion
On top of a foreign transaction fee, you might run into what’s known as a dynamic currency conversion fee. This type of fee can kick in when you’re making a purchase abroad. For instance, if you’re in Mexico and you pay 2,000 pesos for some pottery, you may wonder how much that equals in U.S. dollars.
4. Use Contactless or Chip Payments
You might want to also consider packing a contactless card, which is just as secure as a chip card at a chip-enabled register and more secure than magnetic stripe payments.
5. Understand Your Credit Card’s Travel Protection Policy
Your credit card can have your back if your trip is rockier than you imagined it would be.
Let’s say your luggage gets lost on the way to your destination. The card you used to pay for your trip may provide reimbursement—up to a certain amount—for your lost bags.
6. Take Advantage of Perks That Come With Your Card
Global travel can be exciting, but it can be exhausting too.
7. Bring Cash and Other Credit Cards as Backups
Packing your credit card for an international trip can be helpful. Bringing cash, your debit card and other credit cards as backups can be too, especially if you keep them in separate places.
