Travel safe, travel with a credit card

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 » Travel safe, travel with a credit card

Travel safe, travel with a credit card

By
Add to Favorites:

There are a number of instances where people have reported credit card fraud. The news is always filled with reports of thieves using newer technologies to rob people via their credit cards. But it has to be realized that the benefits of carrying a credit card while travelling far outweighs the problems that one might face if one were to carry cash around while travelling.

Disadvantages of carrying cash

Carrying cash is always a hassle while travelling. You are liable to be robbed in a foreign country where you wouldn`t know whom to complain to or where to go if something were to open. This is the primary concern while travelling given that one can never be sure about the law and order situation in a foreign country

The first advantage, of carrying a credit card while travelling, is that you will not end up with a bulky pocket. A fat pocket will obviously attract attention to you and this is favorable in a foreign country. Besides, it can also get very difficult to sort out cash and count it every time you make a transaction. Even travelers checks are good but they need to be bought separately just for a trip where as your credit card is already with you.

The next advantage is that you get to maintain records. Keeping records of your transactions overseas can be a laborious process. You might end up spending your nights in the hotel making accounts of the all the expenditures instead of enjoying the beach on a moonlit night. And it happens way too often when you are out with friends that each person will claim that he or she has spent a certain amount while there is no documentation for the same. Using a single credit card to make all purchases and then sorting out the share of each person will help you have an even more enjoyable trip.

Another obvious advantage is that you do not need to worry about the exchange rate. Even if you already exchange your cash at the airport, it will get very cumbersome to handle a foreign currency without having any time to sit and look at it. But with a credit card, you can directly make transactions in the local currency while getting a better exchange rate from your bank at the same time.

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

Other Travel with Credit Cards Research:

Related Research:

How the Fed Rate Rise Impacts Credit Cards

How the Fed Rate Rise Impacts Credit Cards

By Credit-Land, Posted: May 25, 2017

Recently, the Federal Reserve hiked its benchmark rate by a quarter percentage point, as a result, you could see a rise of the interest rates on your credit cards by 0.25%. That was the first hike of the key rate in 2017 and the Fed ... Continue reading
Top 5 Credit Card Offers For Those With Excellent Credit

Top 5 Credit Card Offers For Those With Excellent Credit

By Credit-Land, Posted: May 25, 2017

Do you have excellent credit? If so, banks are actively looking to win you as a new credit card customer by offering some unprecedented deals. Although banks have been more careful about acquiring customers with questionable credit ... Continue reading
Interest Free Credit Cards: Pay No Interest Until 2019

Interest Free Credit Cards: Pay No Interest Until 2019

By Credit-Land, Posted: May 23, 2017

Carrying a balance on a credit card is wasting your money on interest fees. It is easy to avoid interest payments on purchase transactions by paying off the entire card balance by the due date each month. But what to do if you are already ... Continue reading