Benifits of creit card???

Travel Forums General Talk Benifits of creit card???

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11. Posted by thombo (First Time Poster 1 posts) 12y Star this if you like it!

I recommend using a credit card - I've found that one always gets a better exchange rate that when paying "cash".

12. Posted by sarahp (Budding Member 11 posts) 12y Star this if you like it!

Its really handy to have a credit card when travelling, just in case, just put a small limit on it, like whatever the max. amount a flight home would cost if you needed it. Put some money on it before you go too if you want and to avoid the temptation to use it for spending money while your there just leave it with your passports in your safety deposit box while your there.

13. Posted by MilyP (Budding Member 26 posts) 12y Star this if you like it!

I think it is really useful to have a credit card just in case. I have found that it is more likely to be my debit card that doesn't work at times. And while you can regularly access money at ATM's I don't like to take out massive amounts of cash for large purchases. And I have encountered ATM's that close at certain times of day or on certain days (why?!).
Like others have said though it does all depend on how you use it. I pay mine off in full each month and therefore to not get charged any interest on purchases. With online banking it is pretty easy to sort this out wherever you are. But using them all the time because you don't actually have any money is always going to get you into trouble.

14. Posted by magykal1 (Travel Guru 2026 posts) 12y Star this if you like it!

Yup, it's sensible to use your credit card only when necessary.

However, I paid for a large amount of the most amazing trip ever on a credit card - I'm not sure I'd ever have managed it without - and I don't regret a second of it. I've nearly paid it off now, a year later......

15. Posted by Chix (Full Member 114 posts) 12y Star this if you like it!

Along the same topic... I'm looking to get a credit card for my travels and have been eying up one with Nationwide which apparently does charge-free withdrawls at ATMs. Anyone heard of any other good deals?

16. Posted by amenz (Budding Member 16 posts) 12y Star this if you like it!

Hi think credit cards are great if you know how to use them properly. With mine I put nearly everything I spend onto my card and then pay it off by the end of the month. That way I get charged no interest and I also exchange the points I use for discount flights. It also helps when you are overseas and you find that something extra special that is worth paying off. I hope that helps!:)

17. Posted by GregW (Travel Guru 2635 posts) 12y Star this if you like it!

Here's an article on this subject (actually, the larger subject of how to handle currency abroad) from today's CNN:

How to Handle The Currency Conversion.

Enjoy the read!


18. Posted by dspoet (First Time Poster 1 posts) 12y Star this if you like it!

I agree with bentivogli. With decent ATM's worldwide you can avoid all the extra charges that a credit card company tends to tack on at the end... very annoying. With the ATM, you simply withdraw the local currency at the current rate of exchange. So many extra charges can be avoided in this manner. Although, for the larger purchases it is unavoidable, but those types of purchases are typically made in establishments on the up-and-up anyway, and so you have no more to worry about than you would at home. I don't know about the others, but here in the US, I guess that means we have a lot to worry about!

19. Posted by TravelKids (Budding Member 6 posts) 12y Star this if you like it!

I guess I don't have a decent bank because it kept me from withdrawing money from an ATM when I was in Maine, I guess because the bank thought the card had been stolen. Other people I know have had their banks refuse transactions overseas. I'm sure if you bank with a large national bank you don't have this problem, but just becuase ATMs are everywhere doesn't mean you can use them.

So I still have a credit card for booking things online and other purchases when traveling. It's important to keep to a budget and don't think of it as free money--you do have to pay it off, and I usually do each month (maybe two months after a big trip). Also, it makes me feel better to use a credit card online instead of my debit card because if the number were stolen its not linked to my bank account.


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20. Posted by csfreixo (Full Member 83 posts) 12y Star this if you like it!

Ok! Some good reasons for using credit cards:
- You can leave almost all your money applied in a fund, receiving interests while travelling.
- The benefits, such as health or luggage insurances, when buying tickets with credit cards are outstanding.
- You pay your credit card bills in a better exchange rate (at least in Brazil..).
- Sometimes it is quite hard to find an ATM and you are running out of money.