Top 10 smartest ways to travel with money: Cash, credit cards, travellers cheques and more

Nowadays we are living in a world where we are adopting the cashless economic system very quickly. But in some third world countries there is not sufficient infrastructure for cashless transactions. In such cases there is no option other than to have cash in your hand all the time. But in the most places of the world where the infrastructure is good we should go for the ATM cards, but be careful of overseas ATM fees and currency conversion fees levied by your bank. It is a good idea to check what fees you will be hit with by your bank for withdrawing from an overseas ATM BEFORE you go.   We have also the net banking and and e-wallet options. Those are most save and flexible for modern use. So for safety we should go for cashless tranjuctions where the infrastructure is available.

Key Points:

  • Travelling should be done by considering various methods of payment in mind. The preferred method of payment should be decided on the basis of the country that you are visiting. For e.g. some countries accept cash only.
  • Do not be fooled by marketing gimmicks. There may be hidden fees, conversion charges, service charges etc. on your credit/debit/traveler cards. Prefer sister banks and do large withdrawals. Prefer cash while travelling.
  • Go digital. Use payment services like PayPal, Google Wallet, Venmo etc. Think about contingencies that may occur and consider services like Western Union and OFX for them. Travel insurance is also a good way to go.

“The 28 Degrees Platinum MasterCard looks like any other piece of plastic, except for one important difference: no currency conversion fees.”

Original Source: Top 10 smartest ways to travel with money: Cash, credit cards, travellers cheques and more

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Hotel Otaku. Hotel reviewer. Aspiring photographer. Xenodocheionologist. Zac fuses his lifelong passions for 1. Beautiful Hotels & Resorts, 2. Thailand and 3. Website Design to bring NewThaiHotels to life, sharing the latest information on new and exciting luxury hotel openings in stunning tropical Thailand.

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