Before jetting off to tour Asia or backpack through Europe for your next adventure, you may find yourself caught in a dilemma on how to pay for your travel expenses incurred through transactions with merchants at the holiday destinations that you are heading to.
Another benefit to look out for when choosing a credit card for overseas spending when travelling is the credit card rewards.Notify your bank or credit card company of the dates of travel and the exact countries that you will be travelling to before you leave. Unknown foreign purchases are a red flag for fraud, and doing so will increase the possibility of your cards being restricted while you’re away. Do let your bank know where and when you’re leaving so that everything will run smoothly.
At the same time, keep a receipt for your purchases. Consider checking your bank and credit card accounts regularly while you’re travelling to ensure that all credit activities are yours. This has the added bonus of helping you to keep tabs on your spending. How you charge your travel purchases to your credit card and pay off your credit card debt every month will determine your credit standing and show how much of a credit risk you are.
With the fraudulent use of identity cards and credit cards occurring with widespread internet usage of information being exchanged and transacted on a daily basis all around the world, it is important to monitor your credit to prevent the potential likelihood of identity theft from occurring. Check out CBS’ credit monitoring services to notify you against identity theft when overseas.
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Source: IndependentSG - 🏆 9. / 63 Read more »