Spending Money the Right Way Abroad

Vacations, plane tickets, and tours might ring an excitement bell for many but may also ring a worrying bell of spending money abroad. Should I get foreign currency? What type of card do they accept in my destination? Are there any working ATMs? These are all questions asked by travelers from all over the world who are looking forward to their next trip. So, whether you’re heading miles away into the Caribbean or just sticking it to local or regional destinations, there’s always a wise way to spend your money; and here’s how!

Fill up your Wallet with the Greens (or different currency colors)

In many ways, using cash is the easiest and most convenient option. Cash also helps you stick to a specific budget since everything you spend is up-front and hands down. Make sure to check the currency exchange of your local currency to buy the currency of your destination, an option that allows you to pay easily and anywhere.

Use Plastic Abroad

Using a debit or credit card can seem like a tricky task abroad but it doesn’t have to be. It’s always best to pay with local currency when you’re about to pay through a point of sale system and card machine. This is because in most times you’ll end up paying less in currency exchange.

Before you go, it is also important to notify your bank of your travel plans; otherwise, and in some situations your bank might suspend the account and in other cases your credit card could get flagged for suspicious activity and be canceled.

Know your Account and your Bank

Fine dining and comfy chairs… no not a luxury restaurant but rather an airport lounge!

Many plastic cards nowadays have a spectrum of benefits during travel. Make sure that the card you choose offers comfort and luxury, like the BML Visa Infinite or Signature card. These cards grant you access to more than 1,000 airport lounges in more than 300 cities all over the world.

Loyalty programs are also a great incentive to use plastic cards. Rewards vary from travel miles to cash back to a catalogue of gift items. An example is the BMLoyalty program! Every time you make a purchase with you debit or credit card, you collect points that can be later redeemed into, gifts, cash and even plane tickets.

Whether you’re going to use your debit or credit card, or if you are saving some cash ahead of time for your trip, it’s always important to take informed decisions before your travels, especially if you’re going to be out there for a while.

 

https://www.onefamily.com/talking-finance/finance/best-ways-to-spend-money-abroad/

https://www.independent.co.uk/money/spend-save/travel-money-saving-tips-guide-holiday-food-drink-hotels-accommodation-a8866196.html

https://www.moneyunder30.com/tips-for-traveling-abroad

Spending Money the Right Way Abroad

Vacations, plane tickets, and tours might ring an excitement bell for many but may also ring a worrying bell of spending money abroad. Should I get foreign currency? What type of card do they accept in my destination? Are there any working ATMs? These are all questions asked by travelers from all over the world who are looking forward to their next trip. So, whether you’re heading miles away into the Caribbean or just sticking it to local or regional destinations, there’s always a wise way to spend your money; and here’s how!

Fill up your Wallet with the Greens (or different currency colors)

In many ways, using cash is the easiest and most convenient option. Cash also helps you stick to a specific budget since everything you spend is up-front and hands down. Make sure to check the currency exchange of your local currency to buy the currency of your destination, an option that allows you to pay easily and anywhere.

Use Plastic Abroad

Using a debit or credit card can seem like a tricky task abroad but it doesn’t have to be. It’s always best to pay with local currency when you’re about to pay through a point of sale system and card machine. This is because in most times you’ll end up paying less in currency exchange.

Before you go, it is also important to notify your bank of your travel plans; otherwise, and in some situations your bank might suspend the account and in other cases your credit card could get flagged for suspicious activity and be canceled.

Know your Account and your Bank

Fine dining and comfy chairs… no not a luxury restaurant but rather an airport lounge!

Many plastic cards nowadays have a spectrum of benefits during travel. Make sure that the card you choose offers comfort and luxury, like the BML Visa Infinite or Signature card. These cards grant you access to more than 1,000 airport lounges in more than 300 cities all over the world.

Loyalty programs are also a great incentive to use plastic cards. Rewards vary from travel miles to cash back to a catalogue of gift items. An example is the BMLoyalty program! Every time you make a purchase with you debit or credit card, you collect points that can be later redeemed into, gifts, cash and even plane tickets.

Whether you’re going to use your debit or credit card, or if you are saving some cash ahead of time for your trip, it’s always important to take informed decisions before your travels, especially if you’re going to be out there for a while.

 

https://www.onefamily.com/talking-finance/finance/best-ways-to-spend-money-abroad/

https://www.independent.co.uk/money/spend-save/travel-money-saving-tips-guide-holiday-food-drink-hotels-accommodation-a8866196.html

https://www.moneyunder30.com/tips-for-traveling-abroad

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