1. Benefits of Using Credit Cards Abroad
- Convenience & Rewards: Credit cards offer easy payments, rewards on travel spending, and added security.
2. Choosing the Right Card
- Global Acceptance: Visa and Mastercard are widely accepted. Carry a backup Visa or Mastercard if you use another card.
3. Using Chip and PIN Cards
- Standard Practice: Many countries use chip and PIN cards. Set a PIN before traveling to avoid issues.
4. Notify Your Bank
- Travel Plans: Inform your bank to prevent transaction declines and avoid interruptions.
5. Why Credit Cards Are Worthwhile
- Rewards & Protection: Earn points or cash back and enjoy purchase protection. Use cash for small expenses, but rely on your card for most transactions.
6. Understanding Costs
- Foreign Transaction Fees: Around 3%—opt for cards that waive these fees.
- Merchant Fees: Ranging from 3% to 8%. Always pay in local currency to avoid extra charges.