With Christmas and New Year approaching, many travel abroad to spend the holidays there. Experience has shown that people prefer to pay by credit card rather than cash. They find it too cumbersome to withdraw money from their account and then convert it to the correct currency. But what to look for when using your credit card abroad? In this article, we’ve collected some good tips on using a foreign credit card. If you pay attention to these, you can be sure that your trip abroad will be smooth.
What do I need to pay attention to when using my credit card abroad?
Always check your credit card expiration date before departure. The credit card shall be marked in a prominent position indicating the period of validity of the card. If you have a new credit card ready before traveling, be sure to activate it before departure. If you have multiple credit cards with different service providers, you may feel secure if you carry more than one card abroad. Because if something happens to one of them, there is still another card you can use.
Be sure to check your card’s daily purchase limit before departure and adjust if necessary. Think carefully about the daily limit you need for a trip. When setting your daily limit, consider how much you want to spend per day. Are you planning to make a purchase or have access to your money in the event of an unexpected situation? At most banks, this can be done through a mobile phone application.
Most of the bank account costs are SMS notifications, as they are only offered at a great price by service providers. On the other hand, if you are traveling abroad, it is not worth saving, so be sure to use the SMS control options, so you will be informed of the cash movements on the card immediately.
Customer service number
Make a note of your bank’s international customer service number at a safe place, such as your phone number. If you have any problems during the trip or your card is stolen, you can immediately take action to disable it. Banks pay special attention to filtering out card fraud. If you are planning a trip, you should also check with your bank for the destination. This will prevent background card fraud systems from being detected 24 hours a day by potentially interpreting your card as unauthorized.
At popular tourist destinations, you can pay with your credit card without a problem, even with a tap. One-touch payment limits vary by country. For purchases below the threshold, it is enough to tap your card at the terminal. And for amounts above the limit, you can also pay by touching your PIN. If you are asked to sign your card payment, always read carefully what you sign.
Card purchases abroad are also free of charge. However, it is a good idea to know that in some countries the merchant has the right to charge a fee for transactions. It is therefore advisable to find out before departure what regulations apply in the country of destination. If you choose a closer destination and travel by car, your credit card can do a good job on the go. You can pay him for refueling, buy him a motorway sticker, or whatever else he needs on the go.
The best way to earn money is to pay in local currency so you can count on the best exchange rate. You should always contact your bank in advance about the foreign exchange rates used for card payments abroad and the costs of withdrawing cash.
Is it worth taking money abroad?
If you withdraw money from an ATM abroad, you may incur extra charges. It’s good to know that card companies and banks also offer promotional offers at certain times. Be sure to check with your account management bank before departure to see if you can expect any action during your trip.