It does not matter if you are a regular traveler or not. In an age where you can buy all your adventures online, taking advantage of credit cards when traveling should be a thing of the past. However, it seems that many travelers forget a few tricks when it comes to using plastic and end up paying foreign exchange fees - which can be up to 5%.
“Luckily, there are debit or credit cards with advantages for traveling that eliminate these fees and allow us to use them outside of Spain without charging us anything for it,” explain the experts at the financial comparator HelpMyCash.com
According to specialists, if you are organized with the use and payment of credit cards, these can be a very useful and safe tool when traveling.
“Security is one of the main advantages of using cards during the holidays. In case the traveler loses or steals the plastic, he can block it immediately. In fact, many of them include protection insurance, in case fraudulent charges are made”, the experts detail.
Another point in favor is that there are cards like the WiZink Click, which allows you to finance purchases in three interest-free installments -up to 1,000 euros-. “Being able to buy without having to shell out all at once can be quite attractive. Above all, when it comes to high amounts such as an air ticket or a hotel stay”, they add from HelpMyCash.com.
But if, in addition, postponing spending does not affect the payment of interest, then the credit card becomes a true ally.
When it comes to withdrawing cash abroad, it is best to use debit cards that do not charge for this service. This is the case of Revolut plastic, which allows you to use ATMs around the world without charging commissions, or the Abanca Nx card, which allows you to withdraw money for free five times a month in other countries.
However, this operation is more strange when it comes to credit cards. "Usually, if you want to have cash with your credit card, banks usually charge between 3% and 5% commission," they detail. Of course, there are banks that offer this service without charging an extra. “Bank Norwegian's credit card, for example, does not charge fees for withdrawing cash abroad. But that does not mean that the owners of the ATM do not charge for using it”, they point out.
In addition to postponing payments or benefiting from insurance, paying by credit card can mean taking advantage of excellent advantages. One can be to save on the accommodation reservation.
“With Openbank's Open Credit card, users can save up to 15% on the Booking accommodation portal. And with the Abanca Visa Clip card, you can recover up to 4% each time you refuel at Galp, a really attractive advantage for those who travel by car and within Spain”, they add from HelpMyCash.com
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