2009
18 International Travel Tips on currency exchange, travelers checks, and debit & credit cards
1. While you’re still planning for the trip, check how the dollar is doing against the local currency. As budget savvy travelers you obviously, wan to hold off on countries, where the dollar is very weak. Compared to this time last year, the dollar has risen* up quite a bit against the Euro, which gives you more spending power. *Currency market changes, has been volatile like any other markets, but the general trend for the dollar against the Euro has been up for the past year.
2. Check with your credit card / debit card to see how much usage fee and / or foreign transaction fee they charge. Visa and MasterCard charge 1%, plus your issuing bank can charge between 0 to 3%, of the total purchase amount, every time you use the card. American Express charges 2%.
3. Capital one has one of the best deals for this. They don’t charge any fee, and they take care of the 1% Visa or MasterCard charges.
4. Many countries outside of North America may not accept cards other than Visa or MasterCard. They will of course accept cards that are issued in that region, other than Visa or MasterCard.
5. Prior to traveling, call and check which credit cards gives you the best exchange rate. To check, just compare on any one day rates.













