Using Credit Cards While Traveling - What You Should Know

Looking to take an extended vacation overseas? Maybe if you’re a student you have plans to spend Spring Break ‘08 in Cancun this year? There may be something you haven’t thought about. You may not be aware but your credit card could have extra transaction fees associated with every purchase you make. So before you take out the plastic, you should know about your card’s overseas fees.

To the joy of credit card companies everywhere, credit cards are becoming more accepted in a growing number of countries around the world. When once only hot-spot tourist destinations like Paris and Barcelona accepted credit cards, many more places off the beaten path are starting to accept plastic also, such as eastern European countries, the Middle East and India, just to name a few. For those who are wary of carrying gobs of foreign cash or traveler’s checks with them, credit cards provide a useful alternate for travelers. Read more…