Using credit when traveling is a common occurrence. It is pretty easy to use your credit card to pay for everything during your stay. Many people feel that credit cards are safer than cash. And to some degree it is. If you lose your cash, you are out money. If you lose your credit card, you simply cancel the card, no harm done. But there are instances in which you should not use your credit card, especially when traveling abroad. Check out a few of my tips below to secure your finances while traveling.
The one area that I will be more willing to use a credit card is with my accommodations. I only stay with top rated establishments and a credit card can be required to book my stay. However, I do research the accommodations I intend to use thoroughly. I check for any bad reviews or past occurrences of travel issues. I want to ensure my personal information is safe as I book my trip. Try to use the same card so that you know exactly where your accommodation charges are going and you can check online for any fraudulent activity.
Avoid Shopping with Credit Cards
While shopping local markets or stores, you might not want to use your charge card. While most cards can be safe from prying eyes, you never know who might have access to your information. Be wary of any individual who seems shady and only use your credit card when you absolutely have to.
Spending more than you need
When you use a credit card while on a trip, you may end up spending way more than you bargained for. A credit card allows you to rack up charges and when on vacation, you may swipe and swipe, not knowing how much you are spending. Try to have cash or prepaid debit cards so that you can make purchases based on set amounts. When you have a budget in place and you use cash or prepaid cards, you are able to stick within the budget, not going over.
Credit cards do give you freedom but you are at risk of spending too much or having your personal information stolen while on vacation. Be wary of how you use your credit card and stay on top of charges to ensure your card has not been used fraudulently.