Some travel on business, while others go on holidays. One of the main considerations when planning an international trip is to decide how you would like to carry your money. In the past, travellers’ cheque was a popular option, but nowadays, people prefer using their credit cards, due to ease of use and nearly universal acceptability.
However, simply carrying a credit card does not in itself make overseas spending convenient. It is important to take some steps before you start using your credit card overseas.
Inform your issuer of your travel plans
While travelling abroad, there are times when you might need assistance related to your card or transaction. Do make sure you have your card provider’s contact number and inform the issuer of your travel plans. This will ensure that your card does not get suspended due to any reason.
Carry your passport everywhere
It is important to keep your passport with you at all times while travelling abroad. It is your proof of identity and most foreign merchants will accept your credit card only after verifying your identity. Carrying your passport along will make shopping and paying bills a trouble free experience.
Budget for your credit limit
If you are planning to make your credit card the primary payment mode, do keep a check on your credit limit this will help keep your spending under control. It may be a good idea to request your credit card provider to increase your credit limit before you leave.
Look for cash back options
It’s always good to get little bit more from your credit card.
Cash back option is an additional benefit that lets you earn rewards on your overseas credit card spending. Nowadays, many reputed banks like RAKBANK give you an option of upto 5% cash back, apart from other benefits.So, next time you’re planning an international trip, take a moment and consider some of these key steps to get the most value for money spent abroad.
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