When traveling abroad, proper planning is required in order to minimize the fees that can accrue during your journey. Hopping on a plane with just your credit cards in hand is not a very good idea. Not only will you put yourself in a bind because of places that do not accept credit cards, you will pay high fees on top of that. Here’s how you can avoid this and have a less expensive trip at the same time:
Get a Card with No Overseas Transaction Fees. There are a few cards out there which charge no overseas transaction fees. You can apply for one of these cards which will help you finance your trip and thereby avoid expensive fees. These fees can range from 2 to 3 percent to EVERY overseas transaction. Keep this in mind, too: you can get hit with these fees if you are purchasing something overseas from home and the company processes your purchase through a foreign bank.
Take Some Cash. The old advertising slogan "don’t leave home without it" can apply to good old-fashioned cash, too. Some places you encounter in traveling the world may not accept credit cards. And if credit cards are all that you have, you will pay expensive fees in order to get cash from an ATM. So why allow that to happen when you can easily plan better by taking some cash with you.
If you combine the above with penny-pinching activities you will have a much less expensive and more enjoyable trip all around.
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