Are you using a credit card abroad? 3 things to do first

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Check these items on your checklist before leaving the country.

  • Credit cards can be a convenient way to pay your expenses abroad.
  • It is important to make sure that you are traveling with the correct card and do not set yourself up for unnecessary commissions or problems.

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If you are planning to travel abroad, there are certain things you need to do first, such as making sure your passport is valid and checking the COVID-19 protocols. But here are a few important credit card moves you need to make before you travel.

1. Find out which of your credit cards does not charge any overseas transaction fees.

Some credit cards charge an overseas transaction fee, and this fee is usually 3%. While this may not seem like a huge number, if you are abroad for a few weeks and have made $ 3,000, that’s $ 90.

The good news, however, is that there are many credit cards that do not charge foreign transaction fees, so go through your cards before deciding which one to take with you. If you have a bonus credit card, this card most likely will not be charged a fee (although it is possible). If none of your existing credit cards are exempt from foreign transaction fees, you can apply for a new one at least a couple of weeks before traveling.

2. Apply for a Sign Up Bonus Credit Card.

If you will be traveling overseas, chances are good that you end up with a fairly large bill. Perhaps now is the time to apply for a credit card with a sign-up bonus attached to it. If you know you will spend a lot during your trip, you may have a good opportunity to get some extra money back without forcing yourself to spend money just to reach your bonus threshold.

However, you need to read the fine print before applying for one of these cards. First, make sure it is accepted abroad. Then, make sure overseas transactions count towards your expenses. Often times, these transactions are counted for this purpose, although any foreign transaction fees you charge tend to be will not consider the minimum costs required to qualify for this bonus.

3. Notify your credit card company.

Once you decide which of your credit cards you will be taking overseas, you need to inform your issuer of your travel plans. This can often be done by logging into your account or by calling the number on the back of the card and using an automated system.

Until you guaranteed If you don’t warn your credit card issuer ahead of time, there will be a problem, this is also a risk you don’t want to take. Imagine that you have landed in a foreign country and suddenly you cannot use the credit card you are counting on. You’d better take a little time to contact your credit card issuer. And if you’re unsure about the fees for overseas transactions, you can always ask to speak to a live person who will walk you through, updating your account with your travel plans.

Credit cards can make it easier and more convenient to cover your expenses while you are abroad. Be sure to address these key issues before you travel to avoid fees, hiccups, or hassles while you’re supposed to be having a good time away from home.

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