Going abroad? Skip cash, take your cards!
These days, people prefer to pay by card than cash. It’s safer and requires less hassle. For example, you can pay for your stay at a hotel with your credit, debit, or travel currency card, instead of counting notes in front of the hotel staff, and when strangers see the money you have, you can get stuck in the danger of robbery. Here are five best alternatives to cash that you can take along on your next overseas trip.
Unless you overdraw your account, a debit card withdrawal won’t charge you for doing so in a foreign country. However, with every payment made from ATM or debit card, you’ll be charged a currency conversion fee. In addition, you will have to pay a small overseas payment fee for every payment made using your debit card.
You can use a credit card almost anywhere for purchase and withdrawal purposes. Most hotels and restaurants throughout the world accept credit card payments, making it easy for you to pay for your food and stay while traveling overseas. To save interest, some providers offer customers to pre-load accounts with the money required during the trip. Also, for some, their savings for travel can go low; so it might suit them to pay with a credit card, pay the interest and clear the entire amount later. For those, who need not worry about breaking the bank for their travels, can skip this one.
Dynamic Currency Conversion (DCC)
DCC or Dynamic Currency Conversion allows a hotel, shop or restaurant to charge you in the local currency with your card. This way, you might be charged some additional fees for the service, but it’s better than carrying a big fat bundle of cash, right? Alternatively, you can use your MasterCard or Visa card for making payment overseas. Many international banks offer the travel money service. So check with your bank before landing on the location, as this can save both effort and time.
Prepaid Travel Currency Cards
Offered by several banks and money exchange companies, travel money cards give you numerous advantages over carrying cash while traveling overseas. While loading money into the card, you have the option to lock in the exchange rate. You can use the card both for withdrawing money from ATMs and for direct payments. Unlike debit and credit cards, you do not have to pay a yearly charge. Some of the fees that you need to pay using a travel currency card are ATM withdrawal fees, exchange rate conversion fees, loading fees, and reloading fees.
Some people still use the old-fashioned way of going cashless while traveling. Ever since the emergence of credit and debit cards, the popularity of travelers’ checks had subsided greatly. However, there are some benefits of carrying this old-fashioned payment method. In the case of a theft or misplacement, the provider can replace travelers’ checks and some foreign exchange providers even refund an unused check at no extra cost.
4 Popular Living Room Furniture Stores in the Country
You don’t need to move out of your house to get new living room furniture. With so many online furniture stores, you can save a lot of money and time. You just need to browse through the collection and buy the furniture you need. This gives you ample time to think about the product that […]Read More
4 tips to choose the right kitchen furniture
Choosing the right kitchen furniture can be a tedious task, especially if you are planning to revamp the space. It is important to make sure the furniture blends well with the setup of the kitchen. So, if you are moving into a new house or simply revamping your current space, here are some helpful tips […]Read More
4 Best Brands to Buy Affordable Patio Furniture From
Setting up your backyard is a fun activity for the entire family. Everything from setting up the garden area, the patio to the barbeque area and lights, the entire process is intense, and the final product is usually a beautiful and relaxing space. If you are looking to set up your patio area and backyard, […]Read More