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credit cards, loans and travelling

Travel Forums General Talk credit cards, loans and travelling

1. Posted by bryden (Budding Member 9 posts) 9y Star this if you like it!

hey all,
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?

2. Posted by Daawgon (Travel Guru 2012 posts) 9y Star this if you like it!

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.

3. Posted by Utrecht (Moderator 5642 posts) 9y Star this if you like it!

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

Post 4 was removed by a moderator