Tuesday, November 28, 2006
Travel Tips Tuesday - Carrying ATM and Credit Cards
*Take your major credit cards, such as, Visa, Master Card and American Express. Make sure they are really credit cards and not just debit cards with a credit card company's logo on them. Many locations require a credit card and will not accept a debit card, so they may have limited use on your travel. Leave all your local store credit cards in a secure location at home; there will be no need to carry them with you.
*Yes, using your credit card can be more valuable than using cash, so use it when you can. You'll probably be able to get a better exchange rate than changing money to spend yourself. You'll be in a stronger position; the credit card company can often charge back disputed charges. Many times your credit card will offer an extra guarantee or warranty when you purchase items with your card, but you'll want to read the fine print for exceptions. You won�t have to risk your safety by carrying and displaying large amounts of cash. If you lose your card, most credit cards have a low maximum liability limit if you quickly report the card as lost.
Should I use my ATM card while traveling?
Yes, with the ability to draw out small amounts of cash as needed, you can avoid the risk of traveling with large amounts of cash. Using your ATM card can also be a good way to get cash in foreign countries. The ATM will issue money in local currency. Don't wait until you're out of money to go to an ATM, the machines can run out of money or break down. Call your bank to make sure your PIN number will work in foreign countries. Find out your daily limits and plan ahead. You may need to take out money little by little or ask to have your daily limit increased. Use your ATM card before you go, to make sure it is still good. If you go through many airport security checks, remember that the security scans can demagnetize your cards. You might want to ask for a visual inspection.
Tips provided by YTB
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