Wednesday, March 30, 2011
Tuesday, March 29, 2011
Tuesday, March 22, 2011
Carry small bills to pay taxi drivers: They often don't have change, and it's easier to negotiate down a price with 1's than 20's!
Friday, March 11, 2011
- Stick to widely accepted credit cards like Visa or MasterCard.
- Call the credit card and ATM card issuers and let them know your travel destinations and the dates you are traveling. If you have not done so, it is possible they could suspend your account.
- Ask your card issuer what sort of fees to expect with every withdrawal or transaction. Every card has a different foreign exchange fee. If you have more then one card, take the card that gets the best rate for withdrawing money and making transactions. You may get a better exchange rate with one card but it may be useless if you are charged high fees for taking out foreign currency by your card issuer.
- Get the card issuers number for international calls should anything go wrong. Ask your card issuer about arrangements if your card is lost or stolen.
- Keep all receipts.
- Prior to departure make sure to check your expiration dates and credit limits of your cards.
Prepaid cards are sometimes given to younger travelers. The cards are easy to carry around, they have the PIN for added security and the ability to reload. However, the prepaid cards have extremely high transaction fees often as high as 7% of your transaction. The prepaid card can be difficult to use abroad, especially at foreign banks' ATM machines.