Hey everyone -I'm heading out on a solo one year RTW trip later this year and I think I should get a credit card in case of emergency.
Can anyone recommend which one to apply for? As I said it's only for emergencies or if I can't get cash so I don't expect to use it much.
Thanks! Hope you're all well...
Find one that has the lowest annual fee. If you're not gonna use it anyway, the interest rate attached to it is less relevant.
I found this comparison website, that also offers comparisons for prepaid cards. In view of what you need it for, maybe that's a useful alternative?
Definately take a credit card with you. Even if the rates are terrible, because like you say, if you do need it in an emergency you really wont be worrying too much about the few percent here or there on interest difference, as long as it works and it gets you out of the spot of bother that you may find yourself in.
Visa seems to be the most universally accepted card worldwide, and indeed only use it for emergencies. I was forced to use mine at the Seoul airport because my debit card was not accepted (my error since my PIN was not numeric and S. Korea does not have alphanumeric ATM keyboards). I paid $10. for that service, but I learned my lesson well.
Visa seems to be the most universally accepted card worldwide
Maybe, but not in South America, where Master is more useful. I think that in the end the brand doesn't really matter as long as it isn't terribly obscure.
Eattherich, here is my advice, for what it's worth:
Get a credit card now simply to establish credit for yourself at home. As soon as you have it, start using it for everything big and small, then pay it off at the end of every month. Just pretend you're using actual cash, so you don't fall into the trap of building up credit debt.
When it's getting close to departure time for your trip, go to your bank and arrange automatic full payment of the credit card every month. It would be good if you have someone you trust who could pick up your mail and check the charges. (or someone you really, really trust who'd access your account online). If you are only using the credit card as an emergency back-up for your debit card, you probably won't have any charges on the credit card anyway.
Since your debit card can be used like a credit card, use it to pay for hotels, meals, anything you can. That means fewer trips to the ATM for cash. Do make sure you have a PIN for your credit card, too. In case something happens to your debit card, you can use the credit card at the ATM. When traveling, it's a good idea to carry the two cards separate from each other. If something happens to one, you still have the other.
Before you leave for your trip, be sure to check the expiration dates on both your cards. If it looks as though they could expire before your return home, go to the bank and get them to extend the expiration dates.