Keep Your Money Safe While Traveling – Credit Cards
There’s nothing worse than being in a foreign country and realizing that you became a victim of a pick-pocket. Unless they have gotten every bit of money and every credit card you have. That’s definitely worse…
This is the first in a series to help you know more about keeping your money safe while traveling nationally and internationally!
Certain credit cards are a travelers best friend. Discover and American Express are not accepted as widely as Visa and Mastercard. If you had to choose between traveling with Visa or Mastercard, they both have their perks. While Visa is accepted more than Mastercard, Mastercard has certain travel insurances built into the card. For instance, did you know that you may not have to buy insurance on your car rental when you use your Mastercard? However, be sure to check with your bank before relying on it entirely for you car rental insurance since a ton of credit card laws have recently changed.
When you are traveling with a credit card, be sure to take the proper precautions.
- Know your daily preset spending limit for traveling. If you’re not used to having large transactions on your account and you decide to splurge on something abroad, you will probably encounter one of those embarrassing moments where you get to speak with a the credit card company as you’re trying to make a purchase. However, you’ll probably just get denied. Just call your credit card company and make them aware that you might be a little swipe-happy for your trip.
- If you are traveling internationally, be sure to let your credit card companies know where you are traveling. If the company notices that you’re from Ohio and there is a transaction in Lithuania, the credit card company will see that as a red flag that the purchases may be fraudulent. Also, If you let your credit card company know exactly where you are traveling, and how long you will be traveling, it will help your purchases go a little smoother.
- Store a copy of your credit card number and the 1-800 24 hour customer service number in multiple places but please don’t write “CREDIT CARD INFORMATION” on it! I like to store one in the lining of my suitcase, one under the insole of a shoe, and one with my passport. The one in the insole of my shoe saved me when my credit card was stolen from my wallet (and wallet returned!) in Prague. As soon as I saw that my card was gone, I took off my shoe and called the 1-800 number from the nearest phone. They didn’t even have a chance to use my card! FYI: Prague is a hot-spot for some stealthy pick pocketers.
- Also leave the same information with a trusted relative or friend at home who you can contact 24 hours a day. For me, I leave that information with my Mom because when I am traveling, she will answer the phone no matter what hour it is.
- If you feel that you would rather not travel with your everyday credit card, you can get a prepaid credit card at places such as Walmart. I haven’t used one of these abroad, so please be sure that you purchased a card that allows international transactions.
Stay tuned as we will be covering other ways to keep your money safe!
Please write a comment and let us know what do you do to keep your money safe while traveling!