i spoke to a friend the other day who used a credit card while travelling, then paid off the debt when she got back. is this common practice? iv saved alot for my upcoming trip but im fretting a bit because it will be my first long trip and i dont know how much to budget for each area so im thinking get a loan or a credit card incase i run into financial trouble while abroad. would it be better to get a loan initially and leave enough to cover the payments while im gone? or use a credit card and have to deal with transaction fees and cash withdrawal fees? which is easier/cheaper? do many people do it this way?
I use a credit card as backup when I travel, and it's nice to know funds are available in case of emergencies. Once I wanted more cash from an ATM than was permitted and I got that cash with a cr card cash advance. I try to keep it under control, and there are credit cards with no exchange fees for foreign currencies. It's also nice not to have to watch every penny one spends. I pay off those balances immediately too to avoid finance fees.
I use credit cards where other types of payment are not possible.
And you will need one to rent a car for example.
Also, if you want to book a hotel sometimes a creditcard is needed as an insurance or to pay (part of) the amount right away.
Apart from paying later (which you should be careful with) it is just handy sometimes