You may be able to avoid unnecessary disruptions by alerting your credit card issuer of your travel plans, whether abroad or domestic. Call your credit card issuer in advance of your journey to help prevent inconvenience and embarrassment. If you normally make in-person transactions in Louisville and it's your first visit to London, you could experience a declined transaction – and even a locked account. If this occurs, you have plenty of available credit, and your account is otherwise in good standing, then fraud protection may be the cause. You should also be prepared in the event a merchant declines your credit card. Unattended payment kiosks in locations such as parking garages or tollbooths, for example, may not accept these cards.
If you have a mag-stripe credit card or a chip-enabled card, keep local currency with you at all times. That means you'll need to make sure your credit card has a chip before you depart, since foreign checkout clerks may not know what to do with a mag-stripe card. American consumers are just getting used to dipping their cards instead of swiping, but in Europe and elsewhere, shoppers have been dipping (and possibly entering a PIN) for years. Many card issuers transitioned customers to chip-enabled credit cards. Pay attention to the advertised fees, and limit transactions at these locations – especially if credit cards are commonly used at your destination. But while these locations offer speed and convenience, they may be more expensive than the bank. However, it lets you earn 1 cash back on all purchases, then another 1 as you pay them off. The Citi® Double Cash Card also offers a long intro APR on transfers but no intro period on purchases. Other options include currency exchanges at airports and hotel kiosks, and making withdrawals at an ATM. The Citi Simplicity® Card offers a top-notch 0 intro APR on balance transfers for 21 months, then 16.24 to 26.24 variable.
If you use a credit card with no foreign transaction fees to make purchases while traveling overseas, you could save on these fees and possibly earn rewards from those purchases at the same time. Because this fee is often a percentage of the amount you wish to convert, exchanging a large sum could cost more than you planned to spend. You may be required to pay a fee to make the exchange. dollars for foreign cash, but plan the swap several business days in advance of your departure your bank may not have the currency you need if you seek an exchange at the last minute. In case you want to keep cash on hand for smaller expenses, it pays to plan ahead. Your credit card can make spending convenient for most purchases, and it may save you money on foreign transaction fees, too. Compare cash to credit for overseas spendingĬurrency exchange fees can affect your spending power when you travel overseas – especially if you're likely to spend more because your trip will last for an extended period of time, or if you're visiting an expensive destination.
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