How traveling with credit cards will help you in crisis

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How traveling with credit cards will help you in crisis

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If you are going out to a foreign country, you can never be sure how much cash you need to have and what kind of expenses you are going to incur. Although, you would be charged a currency conversion fee on your credit card when you use it, traveling with credit cards might come really handy especially in the time of crisis.

Travel insurance

This is one of the biggest benefits of some of the credit cards. This offer available especially to those with excellent credit provides insurance coverage to credit card customers when they are travelling, without the need for them to pay their own premiums. Coverage for life or accidents could be of great financial help especially during crisis.

Lost baggage insurance

Quite a few credit cards offer lost baggage insurance. If the airline has misplaced your luggage, you might end up being stranded with your valuables and even clothes. Some credit cards offer lost baggage coverage of up to 75 dollars which will help you take care of some immediate expenses while your luggage is found. This reimbursement comes in very handy when you have no one you know in that country to go to.

Stolen card or lost card replacement

If you are in a country as a tourist and are not really aware of the ways of the country, things could prove quite tricky. This is why it is advisable to avoid carrying too much cash. However, it is not safe either to carry a debit card, as money gone from your account stays gone. Credit card is the best option in all these scenarios. Plastic money can be used to pay for all your expenses, without the need for cash. But if you lose the credit card, you can get a replacement, sometimes as quickly as a day, which isn't possible if you lose cash or debit card which have added risk.

Hotline number

Most credit card companies offer a hotline number to the credit card customers. This is the number they can call from anywhere in the world for queries or service. If one is away on vacation and loses the credit card, he or she can report it to the card issuer, within no time, which ensures that you don't have to worry about misuse. Some credit card companies even provide limited cash until a new credit card finds its way to you.

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