7 Tips For Using Credit Cards Overseas

Everyone likes to travel and sometimes it can be abroad as well. But traveling expenses make you avoid it. Using travel credit cards can help you save on your traveling expenses. However, there are certain things that you would wish to know while using a credit card overseas that will help you not only save the cost of your traveling but provide you with a rewarding experience. Keep reading to know the tips for using a credit card overseas.

1. Let your credit card issuer know your travel plans: Before you travel abroad, make sure to inform your credit card issuer first, as you will make purchases far away from your home and there is the possibility that the credit card issuer might think that it as fraudulent activity and can freeze your credit card. This will only create a hurdle in using a credit card abroad.
2. Use a card that has no Foreign markup fee: It is advisable to use a credit card abroad that has no foreign markup fee or has a low foreign markup fee. Making purchases abroad help with such a credit card helps you save money on your conversion transactions. These types of credit cards are also known as international transaction credit cards and are perfect for abroad transactions.
3. Take advantage of credit card perks: A travel credit card provides you the advantage of various perks such as concierge services, complimentary lounge access, travel insurance, and so on. While you are traveling abroad use our travel credit card to make purchases as you will get to earn reward points or travel points or Airmiles in return and for other additional perks in order to have a rewarding experience.
4. Take cash with you: You must take some cash along with you while traveling abroad. Get some cash converted to the country’s currency to which you are traveling. Making payments in cash also lowers your burden at the time of repayment. It is better to use cash 60% of the time while traveling.
5. Take more than one credit card: Scatter your purchases on all your credit cards so that you have different payment dates and you can clear your dues on time this will also save you from those times when one of your credit cards is not being accepted at a merchant.
6. Know your credit card travel policy: It is advisable to read your credit card’s travel policy before planning to travel. This policy includes travel insurance, reimbursement for the lost luggage, documents, compensation for tickets cancellation, delayed flights, etc. And if any of those circumstances arise make sure to take advantage of your travel policy benefits.
7. Use a contactless chip credit card: To be more secure while using a credit card overseas, try to use the contactless chip facility at the POS payments. This allows making sure to protect your credit card sensitive information such as your PIN, CVV number, etc.

Bottom Line:

With a parting thought, we really hope that the above-discussed tips will help you in using your credit card wisely when you're traveling overseas. Just adhere to the timely repayment cycles and maintain a low credit utilization ratio as it will help in maximising your credit card benefits.

Additional Reading - What Happens When You Exceed Your Credit Limit?