Travel Finances

Travel Forums General Talk Travel Finances

1. Posted by acidstu (Budding Member 5 posts) 15y Star this if you like it!

Hi there,
I was wondering if anyone knew which bank or company offers the best Credit Card rates to travel with? Also what is the best way to handle finances on a round the world trip- is it best to take a mixture of cash, travllers cheques and your card?

2. Posted by Sam I Am (Admin 5588 posts) 15y Star this if you like it!

Hey acidstu,

Good question; would be interested to learn what others experiences are with this kind of thing.

Personally, I have never bought a travellers cheque in my life....but that might be because most of the travelling I did on my own didn't start untill about 8 years ago. I usually take a little cash to get me started and just have my regular bank card with me - as long as it has a maestro or cirrus logo I have found it could be used in 90+% of ATMS worldwide and my bank doesn't charge for that although I am sure I don't get the best deal on exchange rate there....

My credit card is what most countries call a debet card but in the Netherlands there is usually no difference really so I can't give any advice on rates and so forth.

I also suggested to the backpackers I worked with in Australia that they split up their sources of money, ie one card in one bag and the other in your wallet. You really have to catch a stroke of BAD luck if you then have both stolen!


3. Posted by redknight5 (Full Member 80 posts) 15y Star this if you like it!

Hi!! I am only 2 weeks away from jetting off on my RTW trip covering peru, ecuador, chile and australasia in 4 months. I've done quite a bit of shopping around for credit cards to take so i should be able to offer you some advice!! i've gone for a Visa card from Nationwide building scoiety - one of the few that doesnt charge u a % for for cash withdrawals or purchases abroad - most others charge 2.5%
planning on taking a little cash (probably US dollars - most common) then a decent amount in travellers cheques, then the rest is being left at home wiv my parents to pay my credit card statements as i use it overseas.
hope this helps!
c ya

4. Posted by iloveflyin (Full Member 159 posts) 15y Star this if you like it!

It depends on where I go. I travel with enough cash for spending money on the street. I use my credit card to rent hotel or car. I also carry a debit card in case I run out of cash and want to withdraw some. As you all know, ATM cash withdraw in foreign countries, almost always give you the best exchange rate. About travellers' checks, I found that some places they give better rate on travellers' checks than cash ($US). But, at some small city, they do not take travellers' checks at all.