With overseas travel is it better to take travellers cheques or a credit card?
Which have you found secure and convenient?
It depends on the country, circumstances and the type of credit card. Travelers checks are outdated in most countries. There are specific types of credit cards that incur no charges when used abroad. Then again, credit card use in some countries is not common AND in others they may even use a different kind of card that is more secure in other countries and won't accept yours. Also, can the credit card be used to withdraw cash from an ATM? etc
Cash is what I use most often. An example of an issue you might encounter with cash would be : Visiting anywhere outside of the major cities in the USA and trying to change your local currency to the US dollar is farcical at best. It was easier to obtain dollars from Euros, in my country of origin, before traveling.
buy some cash to avoid getting ripped off and well credit card depending on country. Europe is usually ok with C/card and so are Singapore, Hong Kong, Oz.
While traveler's cheque may be safer to carry compared to cash or card, very few places accept traveler's cheque. Also, there is the hassle of going to a bank to get the cheque encashed.
It is best to carry a little amount of cash for urgent purchases at places that do not accept cash. Remaining money can be carried in the form of cash card (Citibank dollar card which is accepted worldwide) or an international credit card with lower charges for withdrawals and swipes.
Ensure that your credit card has insurance coverage for expenses in case the card gets lost or stolen.
If you are visiting China, Hongkong, Singapore or neighboring countries, it is best to carry an HSBC credit card, if you have one.
I'd definitely say credit cards these days. I recently returned from travelling to London and I brought cash, and noticed that when I was there, it was easy to pay with my credit card for hotels and restaurants. Do not use your credit card to get a cash advance because they will charge you a high interest rate. It's better to use your debit card to get cash. Debit card was accepted easily too.
Credit cards are the best nowadays. Just be careful in some countries where they pass on your numbers to someone in another country and your cards get to be used. These days, most cards have pins so there is no danger of that.
We haven't used traveller's cheques for over 17 years now. You can hardly find banks in some countries that will do the transaction.
Bank cards are also useful as you can take money from ATM's. They are all over many countries now. Just be aware of the fees charged by your banks and the local ATMs. In some countries, they limit the cash you can withdraw from the ATM's to a ridiculous level that in these cases, we bring cash instead. Thankfully, there are not too many of these countries with so many restrictions.
We make it a rule to always bring some cash with us. Not much but enough so in case you can't find an ATM or not have the time to go to one, you have a bit to get you through.
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