In many ways, Cash is King!!! You need cash to buy most of your necessities and needs such as food, clothes, medicines and more…. but in the past years, credit cards are being a popular mode of payment thanks to the advancement of technology! Make credit cards work for you!
With the onset of the internet, online purchases become popular, thus credit cards became a must in many household!!!
And credit cards are also considered travel essentials….. now you can book your plane tickets and hotel rooms using this plastic wonders. You can even bring them with you on your travel and enjoy the perks and advantages of using them versus bringing a handful of bills and coins with you!!!
When you bring your credit cards with you in your travel abroad, there will be less instances to look for money exchange establishments to change your US Dollars into local currency, thus saving you a lot of time to spend on more important things like shopping and going around tourist spots.
Here are some more advantages of using your Credit Cards vs Cash when traveling abroad:
- Convenience and Security: Carrying a credit card is much easier and safer than carrying a large amount of cash. You’ll avoid the risk of loss or theft, and if your card is stolen, you can usually cancel it and get a replacement quickly.
- Better Exchange Rates: In many cases, you’ll get a more favorable exchange rate when using a credit card compared to exchanging cash at an airport or bureau de change.
- Rewards and Travel Benefits: Many travel credit cards offer rewards programs that allow you to earn points or miles on your purchases, which you can later redeem for free flights, hotels, or other travel perks. Some cards also include travel insurance benefits like trip cancellation or rental car insurance.
- Purchase Protection: Credit card purchases often come with extended warranty and purchase protection benefits, which can be helpful if something you buy abroad breaks or gets damaged.
- Tracking and Budgeting: Credit card statements provide a clear record of your spending, making it easier to track your travel expenses and budget accordingly.
Here are some things to keep in mind when using credit cards abroad:
- Foreign Transaction Fees: Be sure to choose a credit card that doesn’t charge foreign transaction fees, which can typically range from 1% to 3% of each purchase.
- Inform Your Bank: Let your bank know about your travel plans in advance to avoid having your card flagged for suspicious activity.
But of course it is also important to bring cash with you when ever you go… there are still many establishments and restaurants that still prefer cash payments vs online wallets and credit cards!!
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