Everything You Need to Know about Travel Credit Cards


If you are planning a trip to Europe, then it is better to start your preparations 3 months before the departure date. This is necessary not for packing your bags without forgetting anything but for planning a financial aspect of your travel. Thinking about your budget is one thing, but you should also think about how you are going to pay abroad. The main reason to issue a credit for travel is the deficit of currency in cash desks. In order not to buy foreign currency at high tariffs on the black market, you can withdraw any money at local ATMs. However, for cashing out abroad, you will have to pay 1% of the amount for conversion and a minimum of 1.5% for the operation to receive cash. That is, if you receive EU 500 from the ATM, the commission will be at least EU 15.

Cards Classification

All types of credit cards issued by international payment systems Visa and MasterCard will be suitable for your foreign trip. Even Electron and Maestrо can be used for purchases and bookings abroad. What to say about cards of the middle class. Visa Classic and MasterCard Standard provide the same functionality as the most prestigious plastics. These credit cards are great for tourists since they have no territorial limits, and their maintenance costs are 5-10 times lower than that of Gold or Platinum cards. You can find a lot of information about best travel credit card 2017 on the Internet, so it will not be difficult for you to choose the best plastic.

Obtaining a Credit Card

Getting a plastic is easy. You need only to choose the bank, write an application, fill out a questionnaire, and sign a contract. Of course, you will have to take a passport for registration and be ready that the process of issuing a card will take one week. However, there is also an alternative of getting an instant credit card. The drawback of such a card is that it doesn’t contain the name of its holder, so there are no guarantees that it will be accepted for payment. Therefore, when traveling abroad, it is better to have a personalized card. Nevertheless, everything depends on the country and the seller.

Benefits of Using Gold/ Platinum Cards

Although it may seem that VIP-class credit cards are too expensive and will hardly save your money, in fact, there are some benefits of using Gold/ Platinum cards. First, some banks provide a good interest rate on the balance of money on the account. In other words, you can earn money having a few hundred of dollars on your baking account. And the most importantly, according to Huffington Post, some banks offer discounts in hotels, car rentals, and shops around the world. Thus, you can save a lot if you are a dig tourist.

To conclude, it is important to know all the benefits you may receive using a travel credit card. It can help you save your money even while on travel. However, always choose only reliable and well-known service. Order your card now and start your wonderful travel!