![]() ![]() Give your bank or credit card provider a call and let them know when and where you’ll be travelling. and you make an ATM withdrawal in Thailand when they don’t know you’re overseas, this could appear suspicious to your bank, and your card might be locked the next time you withdraw. Inform your debit and credit card providers of your travelsĬredit and debit cards are frequently being monitored by security departments for suspicious activity. Never choose this option – always pay in the foreign currency! The exchange rate offered will be inflated by the card terminal, so if you’re using one of the credit cards recommended above, you will receive a much better exchange rate.ģ. Never take the option of paying in your own currencyĬard terminals at shops and hotels will often detect that your card is from another country and offer to bill you in your home currency. Credit cards charge interest on cash advances from the moment you withdraw it at the ATM.Ģ. And with a good points or cashback program, this beats any other method of foreign payment.īottom line? Always pay with a credit card, but NEVER withdraw cash from an ATM with one. Pay using a credit card whenever possible.įoreign ATMs can still inflate their exchange rates and charge withdrawal fees, but a direct credit card payment only involves the credit card you signed up with in your home country. Schwab Bank High Yield Investor Checking AccountĮssential tips for using debit and credit cards while travelling 1. $0 + no third-party fees on Citibank ATMs worldwide Must deposit $1000+ and make 5 debit transactions per month for these travel perks Here's our roundup of the best debit cards for travel. If your card belongs to a bank in the alliance, you can make withdrawals from banks at other alliance member ATMs around the world without paying additional fees. Many banks around the world have come together to establish the Global ATM Alliance.
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