Skip to content Skip to sidebar Skip to footer

Money When Travelling: Cash & Credit Card

JalanJalanMen! - Nothing works without money, including when travelling. Next to your passport , your credit card is one of the most important things in your backpack. Are you wondering: What's the easiest way to get cash? Which credit card is best? – Here you will find everything related to the topic of money when traveling.

Money When Travelling: Cash & Credit Card

WITHDRAW CASH ABROAD FOR FREE

As soon as I arrive in a new country, the first thing I do is look for an ATM. You can always find one at airports or bus stations. There I withdraw cash in the local currency with my credit card. 

For me, cash is the most important means of payment on the go. I hereby pay for my hostel, bus and food. Only for larger sums do I use my credit card or for online reservations. Since I don't like to have a lot of cash on me, I prefer to withdraw small amounts more often. 

Saving tip: If you can choose the currency in which your account should be charged when withdrawing money, then always use the local currency. In most cases you will get a better exchange rate from your house bank. 

BANK CHARGES

Update: Both the comdirect bank* and the DKB * will no longer reimburse the bank fees of the third-party banks. These are not incurred with every withdrawal of money, but only at individual banks. In my travels this has been the case in Thailand, Mexico, the USA, Brazil, Vietnam, Cambodia, Laos, the Philippines and Myanmar. I heard from other backpackers that it also applies to Costa Rica and Cuba. 

Just look at your bank statements to see if you're being charged bank fees. And then test whether it is the same for all banks. 

Only the Santander 1plus * still reimburses the third-party fees of the banks when withdrawing money, but you can only withdraw money with it four times a month free of charge.

DO YOU NEED A CREDIT CARD

Yes, nowadays you can't do without it. As soon as you reserve a hotel or book a flight online , you need a credit card. I mainly use them to get free cash. You are on the safe side with the two major credit card providers MasterCard and Visa, as they are recognized (almost) worldwide.

 Is there an alternative to plastic money? Not really, travelers checks are a relic of the old days. They are only redeemed by a few banks. 

SECOND CREDIT CARD

I always have a second credit card with me to be on the safe side. It's for emergencies, in case I'm mugged or robbed. So I still have my second credit card, which I keep separate. 

It has already happened to me that I could not withdraw money from the machine with my card. And the next and the next, I was starting to get nervous. Save yourself the stress. Don't wait until you have every penny in your wallet before you go to the ATM. And if necessary, try the second card. 

My debit credit card was not accepted when booking a flight online. So I had to use my other credit card. As you can see, there are many good reasons to secure yourself with a second credit card. 

It is best if you have two credit cards. This way you are on the safe side if one is not accepted. In an emergency, you are never without one and you can have a new one sent to you if you lose your second credit card.

EC-CARTE

In Europe, the EC card with a Maestro sign is another alternative. But here, many banks charge fees of three to five euros per withdrawal. In general, you have to clarify beforehand whether the Maestro card is accepted abroad. You will rarely be able to use them worldwide. You can forget EC cards with a "V-Pay" sign, these are not usable in most countries.

A FEW MORE GENERAL TIPS BEFORE TRAVELING

SET UP A SEPARATE TRAVEL ACCOUNT

In order to keep track of things, it is best to set up a separate travel account. So you can check faster how much money you spend on the go and all transactions are in order. Your travel budget is only used for the running costs of the world trip and you always know how your finances are doing.

 Tip:  Set up a standing order that transfers a set amount from your call money account to your checking account every month. 

DON'T BE LATE IN APPLYING FOR A NEW CREDIT CARD

At the DKB and comdirect everything goes relatively quickly, after just two weeks you have all the documents. Santander, on the other hand, can take up to six weeks. Don't wait until the end because you'll have a lot to do anyway.

SET UP EVERYTHING FOR ONLINE BANKING

Decide on a TAN procedure, as each bank offers different ones. I would rather advise you against the mobile TAN, where you receive a TAN by SMS, which is more difficult when travelling. If necessary, download the appropriate app and test everything before you leave. 

Tip: Regularly check account transactions online. This way you will be informed directly if your credit card has been misused and can react quickly.

WHAT ABOUT EXISTING CREDIT CARDS?

Check how long the card is still valid. do you have the pin Access data for online banking? TAN procedure?

WHAT IS THE CREDIT LIMIT?

For example, if you have a credit limit of 500 euros, you cannot easily use it to pay for a flight for 700 euros. Many banks allow you to increase the credit limit for a transaction or a day once over the phone. It is best to clarify with the bank beforehand how this is to be done. 

Many banks allow you to transfer money to your credit card to increase your credit limit. It's quick and easy. Now you have your credit plus your credit limit, for example to pay for an expensive flight. 

Of course, you can also increase the credit limit directly to 1,000 euros if you have the appropriate credit rating. But I wouldn't advise you to go any higher, as it's good to have a limit in the event of misuse or theft so that your account cannot be plundered.

 Tip:  Let your bank know about your travel plans so they don't accidentally block your account.

TIPS FOR EMERGENCIES ON THE GO

ALWAYS KEEP CASH AND CREDIT CARDS SAFE

Lock your valuables in the hotel and only take the essentials with you. If you have a transit day, keep the most important things right with you. Either you use a moneybelt or a bag that you don't take your eyes off of. You can hide some cash and the second credit card in the big backpack. So you don't stand there without everything if you get robbed. 

FOR EMERGENCIES

The emergency number is the world's first central and uniform number for blocking various electronic authorizations such as credit cards, online banking access, mobile phone cards or the electronic identity function of the new ID card. 

Here I explain in detail how you can quickly get cash, a new credit card and a new passport.

EMERGENCY CASH

Bring about $100 in small bills, $200 in expensive ones. You can always exchange US dollars in most countries, so you're okay for a day or three if your credit cards don't work. Small USD bills are also useful at the border to pay for a Visa on Arrival . 

Rudolfus Kikkert
Rudolfus Kikkert Interest In City Tourism

Post a Comment for "Money When Travelling: Cash & Credit Card"