When traveling, whether overseas or domestically, one of the inevitable questions that get raised is what to do with your holiday money. Many of us are not comfortable carrying all the vacation money around with us. This is heightened when traveling overseas and foreign currency needs to be considered. How much money to take with you and where to convert it inevitably gets asked.
One solution to this is using your credit card. It’s highly portable and relatively secure, at least compared to carrying wads of cash. Also, it means you don’t need to over commit when converting money. Depending on which card company you are with, they will often use the bank’s conversion rate, which is usually the best. However, it is certainly not without its pitfalls. Read on for some fundamental traveling tips on using credit cards overseas.