TravelJanuary 26, 2011

Best Way to Pay for Things Overseas

We are traveling to Greece in April and have been requested to pay a deposit prior to arrival on accommodations in Euros. I am just wondering what is the cheapest and most effective way to do this? We have a Mastercard, but are concerned fees might be charged. Any advice?

By Tony from Australia

Answers

Read answers for this post below.

By
02/01/2011

Re: using credit cards abroad as opposed to sending money abroad: Get yourself a second credit card from a company which doesn't add usage charges. I did this a few years ago as our credit cards were canceled suddenly because they had been compromised. If that happened while we were abroad it would have been a big problem so it's good to have a back-up card with you.

By
01/29/2011

Using a credit card is your best option, but before you leave, make sure that you inform your bank and/or credit card company that you will be using that card in Greece and how long you will be there. If not, they may freeze your account for unauthorized or suspicious activity.

By
01/29/2011

Always use the credit card, not debit card, for all purchases like accommodations, flights, meals, deposits. Check with your credit card companies to find out the least costly rate for conversion. Please remember that if you get a wrong charge on your credit card statement, you can always challenge it and if it's a Reward credit card, you earn those points or dollars. Make a copy of the card(s) you take, as well as your Passport. You'll have the #s, in case of lost or stolen card.

By
01/28/2011

See if they use PayPal. I find it good for sending money abroad and secure.

By
01/27/2011

The best thing to do is to call your credit card company with this question. If you want to know the conversion rate to make sure you aren't being cheated use this link:
http://www.xe.com/ucc/

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