Finance Globe
Top Reasons to Use a Credit Card When Traveling
How do you make purchases when you are on the road? Are you comfortable with the system that you have in place. Just the same as when you are at home, your options include:
- Credit cards
- Debit cards
- Cash
While all of these options have a variety of benefits, there are several reasons why you should consider making purchases with your credit card when traveling. Here are some of the primary benefits:
Easy to Track Everything
If you worry about overspending, using a credit card would be in your best interest (contrary to what some people believe).
Here’s why: you can track every dollar you spend by simply keeping an eye on your online account. Even better, your credit card company may breakdown each purchase by category.
Along with this, you can keep close tabs on your total balance, giving you a clear idea of how much you've spent and whether or not you're staying within your budget.
Safety First
Do you worry about carrying too much cash as a tourist? Well, you're not alone. Fortunately, you can protect against this by relying on a credit card. This doesn't mean you should leave all your cash at home, but it would probably be in your best interest to rely heavily on a credit card.
Tip: a credit card also offers a high level of protection against unauthorized purchases.
Convenience
Let's face it: a credit card is by far the most convenient way to make purchases when traveling.
Do you really want to worry about foreign transaction fees associated with your debit card? Do you really want to waste time on currency conversion?
Using a credit card provides you with a high level of convenience, thus making your trip much more enjoyable.
Conclusion
As you can see, there are many reasons to use a credit card when traveling. It doesn't matter if you're doing so for business or pleasure, consider the benefits of this payment method.
How do you typically pay for items when you're on the road? Does a credit card work best for you? Share your thoughts in the comment section below.
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Comments 2
This Blog brings to light many important concepts for traveling. As a highlight, using a Debit Card exposes your banking accounts to holds and scamming (remember you do not have the same protections as a credit card). Using a credit card is often easier and may even waive off on the Foreign Transaction Fees and offer you benefits for travel such as lost luggage, delayed travel, airport lounge access, waived luggage fee, emergency medical/legal services, WiFi, vehicle rental primary/secondary and so on. Holds generally do not affect your use (unless the card is low limit). When leaving the United States you may be well served by taking a Visa and MasterCard in case something happens to the network, your bank and so on (remember the Boy Scout Motto: "Always Be Prepared"). Another point is the potential need for a card that is EMV Chipped and maybe even Chip & Pin for the unmanned Kiosks (trains). It is reported that American Express is generally useful in major cities and Discover is spotty for availability depending on where you are traveling.
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