Best credit card

Travel Forums General Talk Best credit card

Last Post
1. Posted by JordanSchmitt (Budding Member 22 posts) 27w Star this if you like it!

What are some of the best travel credit cards that you guys have discovered/use? I'm not looking for a card that is great for one specific location, but rather a card that will work well around the world. I am looking for a card that has no foreign transaction fees and hopefully a good travel rewards program as well. Any help will be appreciated. Thanks.

2. Posted by leics2 (Respected Member 499 posts) 27w Star this if you like it!

>What are some of the best travel credit cards that you guys have discovered/use?

Credit card terms and conditions, like card providers, vary according to country of residence so it would be helpful if you told us where you live. There's no point in e.g. someone from the UK telling you about the best UK options if you live in the US!

3. Posted by karazyal (Travel Guru 2156 posts) 27w 1 Star this if you like it!

For me, debit cards and credit cards are not the same thing. One card means I am borrowing money through the card provider and the other one is a withdrawal that comes out of my checking account. Coming from a checking/savings account means that you actually need some money in those accounts. A credit card usually means you have a stable job, not a deadbeat, good credit, etc.

Anyway, I would NEVER rely solely on a single card when traveling overseas! You crack a card, lose the card, someone steals it or an ATM eats it you are screwed! At least screwed until you get a replacement or figure out how to get some money. For me, from the US, I have MasterCard and Visa. I have other cards that I leave home. With my laptop, using Bill Pay, I can transfer money between bank accounts and CU accounts if I need more money backing a particular card.

I personally never use a debit or credit card for cheap purchases overseas. (Stuff from vendors, snacks from a store, couple drinks in a strange bar, McDonalds, etc.) I would rather obtain cash using that card through an ATM. Some ATMs do have a fee for withdrawals. The ATM fee may be the same for a small withdrawal amount or for the maximum the ATM and your bank allows. So know what your limits are for daily withdrawals.

My primary debit cards through local US credit unions pay for some of my ATM fees but to a maximum of $10 US per month. But there are NO annual fees with my card or other service charges. If you do choose a card based their claims that they pay ATM fees overseas see if they have annual fees or other monthly charges.

I always travel with a couple credit cards. You never know if you may need to purchase a flight home for an emergency there or unplanned expense overseas. Visiting or when I was living overseas tourists were always crashing bikes and watercraft without any insurance. They would have to pay for damage and medical care.

Cash always works. I do bring cash from my country with me and when necessary convert some of that cash into the local currency for day to day cheap purchases. This method for me is good for when I am in a particular country for a very short time. The cash I bring with me is not old bills, but some of the newest printings. No writing, no other defects like dirt or tears. I only bring the largest denominations to save room in my wallet.

Good luck.

4. Posted by Beausoleil (Travel Guru 894 posts) 27w Star this if you like it!

You might look at CapitalOne. They have a variety of cards available including one that has no foreign-transaction fees, charges no interest if you pay in full each month and has a great travel awards program. (This is assuming you are from the USA. You didn't list your home on your Profile Page.)

5. Posted by Andrew Mack (Respected Member 586 posts) 27w Star this if you like it!

I can't remember if it was here or on another forum but an American Traveller recommended a card from a bank which I think was called 'Schwab', as it didn't charge for overseas ATM usage.
I'm not American so I can't recommend it, but I guess it would be worth you checking out their terms.

6. Posted by karazyal (Travel Guru 2156 posts) 27w Star this if you like it!

If a bank or card provider says they do not charge for ATM withdrawals overseas I am not sure that also means the charges imposed by the particular overseas ATM you choose to use. The card provider may not charge you but you could be responsible for other charges.

When I look at my bank statement there may be no charge showing for the overseas withdrawal I made. But when I check exchange rate I got it is a little lower than the bank rate for the same day and time. My guess the difference is because of the fee charged by the ATM owners.

7. Posted by Andrew Mack (Respected Member 586 posts) 26w Star this if you like it!

I'd always assumed that the schwab ROE was poor to make up for them not charging, and although they've probably got some 'partner banks' that don't make a charge (or have a reduced charge), the others would probably have quite a big charge.
So I'd have to do quite a lot of investigation into the full terms and conditions/small print before I decided which one to use.
I hear that in the UK the Post Office do no charge card, but I'll research it before diving in (if/when I can be bothered). :)

8. Posted by Dymphna (Budding Member 98 posts) 26w Star this if you like it!

Look at your rewards. I prefer to use AX, as they have the best rewards. I have the Delta one and can earn points to continue travel. Visa is accepted in more locations than AX, but they charge an exchange rate when you are out of country, AX does not do that.

Post 9 was removed by a moderator
10. Posted by leics2 (Respected Member 499 posts) 26w Star this if you like it!

>Visa is accepted in more locations than AX,

I'd expand that to note that Visa is accepted in far, far more European locations than American Express.

Imo, it is always best to have cards from at least two different providers. Visa and Mastercard are the most widely-accepted outside the US.