Wise Use of Credit Cards on Travels

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most 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 » Wise Use of Credit Cards on Travels

Wise Use of Credit Cards on Travels


Updated: February 5, 2016

You must carefully choose the credit card that you want. Read the terms, especially those in the fine print, to stop those pesky surcharges. Major credit card companies put a fee of 1-5% on international transactions. These rates shift frequently so you are better off asking your credit card company before travelling. You will observe that a lot of cards from minor banks and some local credit unions charge less or even none. You can also use credit cards for bad credits but these entail large fees.

The exchange rate should also be consistent with all your cards. If you want to find out how the exchange rate affects your purchases of services and products abroad, go to www.corporate.visa.com for Visa's currency converter.

Notify your credit card company of your trip. They may hold your purchases because of deviations from your normal spending patterns. Your company will take note of the date and location of your travels to keep track. Plus, request a temporary higher credit limit.

Keep a copy of your credit card and contact numbers as precautions for lost or stolen cards. The contact information is usually seen at the back of the cards.

Some European credit cards have embedded chips with confirmatory pin numbers in place of your signature. If yours requires a signature, assistance will be needed for you to sign the purchase.

Avoid using credit cards for cash advances. These incur additional fees that are immediately charged.

Look out for dynamic currency conversion or DCC. On top of international surcharges, you will be charged an additional 3% for each transaction. You should know that you are able to stop this. American Express does not offer DCC so you do not have to worry if you have a card with them.

Currency might fluctuate a lot and some merchants take some time to submit the charge to your company. You may get better rates. However, you can ask your credit card company to look on wide deviations. You can see the transaction, purchase, and posting dates in your statement.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
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:

Top 5 Cards for Travel from Our Partners: Spring 2018 – Expert Choice

Top 5 Cards for Travel from Our Partners: Spring 2018 – Expert Choice

Posted: February 12, 2018

Days are getting longer, snow is melting and you already feel the lightest breath of warm breeze on your face - spring is here. Summer holidays are looming, and so is Easter with its shopping. You can lift in spirits and let CreditLand ... Continue reading
Cash Back or Travel Rewards? Here’s How to Decide On The Right Card

Cash Back or Travel Rewards? Here’s How to Decide On The Right Card

Posted: February 10, 2018

If you're trying to find the perfect rewards credit card, you might feel like you're drowning in options. There are just so many out there, and many of them look similar. This can make it tough to decide on a card. One thing people often ... Continue reading
Price Protection: Credit Cards That Will Refund a Price Drop

Price Protection: Credit Cards That Will Refund a Price Drop

Posted: February 8, 2018

Those who often find themselves buying stuff and then discovering that they could pay less for the same item they've just bought, will appreciate this credit card benefit – price protection. This is the least known and the most neglected ... Continue reading
You've successfully subscribed!

Please specify the following:All these fields are optional

Your Credit History
Themes you are interested in:

By providing this information you help us make our news letters more useful and informative. Thank you!