Credit cards are versatile financial items, helping you save wherever you are – even when you go abroad. If you do not have the right card, however, you can be charged up to 3% more than what you should pay. Thankfully, there are a number of cards that you can use when you go overseas. If you have the right credit card by your side, you can enjoy shopping and eating no matter where you may be.
Not all cards are accepted abroad, but Visa and MasterCard typically do not cause headaches to travelers. For those who frequently visit countries in Asia, American Express cards are widely accepted there. In Europe, most merchants are vigilant about credit card fraud. Chip cards that have PINs are more desirable in the said continent.
If you are ready to travel out of the country, here are some of the cards that you might want to consider:
Capital One® VentureSM Rewards Card
This is one of the top rated credit cards for travelers that exist today. Aside from not charging the users with hefty foreign transaction fees, this also gives rewards on all purchases. It is like carrying a discount card abroad. Although this is not redeemable for a cash back reward, you can use it for your travel expenses. You can collect miles with this card and you can spend it on your next flight.
Chase Sapphire PreferredSM Card
If you are looking forward to a new card, you can check out Chase Sapphire PreferredSM. This will give you a bonus once you sign up. Plus, you will also be rewarded with thousands of points called the Ultimate Rewards Points. These can be used for your travel purchases. If you usually pay your hotel and your airfare tickets using your credit card, this is excellent for you. This allows you to transfer the points you have earned to frequent flyer miles and other hotel rewards.
The Platinum Card® from American Express
This has become one of the status symbols for the rich and famous in the United States. If you carry this overseas, you can enjoy perks and the absence of foreign transaction fees. If you do not mind the large annual fee and you use your card for most of your purchases, this is the most ideal plastic for you. You will also be awarded with thousands of points as soon as you open up an account. Aside from the rewards, you can also get protection against fraud and purchase security with the help of this little card.
Save Money with Your Card
If you are a frequent traveler, one type of fee that you should avoid paying is the foreign transaction fee. If you run out of cash or you simply need money immediately, it is wise to get it at an ATM. Cash exchange counters will charge you with higher fees. However, if you truly want to save money, you should directly use your card for your purchases. You should not change money at an airport or even at a ferry terminal to avoid the worst exchange rate.