Best Payment Options for Travelers

Once very popular, travellers cheques lost their appeal in favor of credit (or debit) cards. In fact, there are fewer and fewer places where you can make payments with cheques whereas "plastic" cards are accepted almost universally nowadays. All these changes are not accidental - credit and debit cards, if chosen and used wisely, provide convenience not attainable with any other method of payment for your expenses. This article focuses on useful tips and some important considerations while using credit and debit cards abroad. Oct. 12, 2007

Foreign Transaction Fees

With the proliferation of many financial products (also fueled by new technologies and the globalization of economies) many people switched while traveling abroad from the American Express "cheques" to credit card that with instant payment processing capabilities and using actual (currency markets) exchange rates offered considerable savings and convenience. However, credit card issuers quickly noticed that they could still make more money without losing this market by adding various charges to transactions made in foreign countries. The goal of this article is to increase your awareness of potential problems and costs with using credit and other cards abroad. Aug. 11, 2007