Advantages and disadvantages of traveling with credit cards

Advertising Disclosure

Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from many credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Research » Guides » Travel with Credit Cards » Advantages and disadvantages of traveling with credit cards

Advantages and disadvantages of traveling with credit cards

Add to Favorites:

Credit cards are small plastic cards issued in the name of a person who entitles him to buy goods or even withdraw cash without any money transaction. Basically, it facilitates cashless transactions.

Advantages of Travelling with credit cards

In today`s society traveling, both for business as well as pleasure, has become very easy. This has also increased the reach of credit cards in terms of the spending capacity of an individual. Using credit cards when traveling can be advantageous in the following ways:

  1. Helps in cash free transaction of money - Credit cards save travelers the time and the effort of finding money transfer organizations where their home currency can get transferred into the currency of the visiting destination.
  2. Credit cards are safe - As credit cards facilitate cash free transactions, a traveler does not have to worry about the safe keeping of his cash when traveling to a new destination.
  3. Easy payment - Tourists using their credit cards to pay expenses that they incur during their visit makes it convenient for them until they return home. Credit card bills for the month are given to the card holder after a certain period of time. Companies also allow some extra time to pay the bill before interest gets charged. This allows the individual the time to get the cash ready for repayment.
  4. If you are traveling on company`s allowances then you get to keep the record of the statement of the credit card and then claim your money from the company.
  5. Credit cards when used to get foreign currency, travelers are offered better exchange rates.
  6. To remain in the competition, different credit card companies offer cash back and reward points that can be used to decrease the charge as well as the outstanding balance of the credit card.
Disadvantages of Traveling with Credit Cards

The pre paid credit cards cannot be refilled when in foreign destinations. Therefore, the users need to be very careful that they stay within the budget of the credit card.

  1. In case of any discrepancy in the credit card use, it becomes very difficult to solve problems from overseas destination.
  2. Cash less transaction and the opportunity to spend as much as one wants increases the expenditure of an individual.
  3. If in case where a person, for some reason, is unable to pay the bill amount this will invite interest charges that will increase the net payable amount.

Although the advantages of using credit cards when traveling is far more than the disadvantages but one can reap the benefits of using a credit card with proper planning.

Add to Favorites:
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.

Related Research:

How to Subdue Wedding Expenses and Earn up to $1,000 for Honeymoon

How to Subdue Wedding Expenses and Earn up to $1,000 for Honeymoon

Posted: June 21, 2017

Whether you are married or not, we all agree that marriage is incredibly important for a person. It signifies the beginning of two people as a team, as a family, of a long commitment. It is a newly born union and the sign of your choice, ... Continue reading
How To Choose The Best Credit Card For Everyday Spending

How To Choose The Best Credit Card For Everyday Spending

Posted: June 21, 2017

When you reach for your wallet to pay for groceries, gas, dinner out, or any other everyday purchase, are you searching for cash, a debit card, or a credit card? Many people hesitate to charge this type of everyday spending to a credit ... Continue reading
How to Save Money. Best Credit Card Deals and Tips.

How to Save Money. Best Credit Card Deals and Tips.

Posted: June 20, 2017

We all've been through or may find ourselves in such an emergency when money is needed immediately. Lucky you are if you have savings for unexpected expenses. If not, it's never too late to start saving money. There are different ways to ... Continue reading