By Terri from NV
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I have to disaqree with your advice to get traveller's cheques. I used these on my first overseas trip, and they were more trouble than they were worth, with some places flatly refusing to exchange them without proof of purchase, which I had of course, left at home. And don't get me started on the bank queues, the lower exchange rates and the fees involved on each end. My last trip overseas consisted solely of two withdrawals of a few hundred dollars each on my ATM card (just look for the Cirrus logo). The bank gave me the current daily exchange rate (higher than quoted at local exchange shops) and only cost me $4 for each withdrawal. I will never use traveller's cheques ever again.
That also goes for your debit card as well. Our son just came back from South Korea and he was charged .25 here and there and it does add up.
Best advice I ever received is to get a Capital One CC.
No conversion fees, no nothing! All the rest charge
in varying degrees.
I have always been under the impression that it is better to use a credit card in another country because you will always get the best exchange rate.
That's a great idea to let your credit card companies and bank (for ATM/debit cards) know if travelling overseas.
Also, make sure that you let your credit card company know that you are traveling so they allow charges from the different countries (or even different states!). Nothing is more aggravating that to try to buy something on vacation and have the charge denies because your company is protecting you!
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