Is it better to take cash or card on holiday?

Advantages of using cash No foreign transaction fees: Many credit cards charge an extra fee of up to 3% on purchases made outside the country, although you can find cards that don't. No extra fees: Businesses pay interchange fees to banks for processing credit card payments, which eats into their profits.



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As already discussed, an international travel card is the most secure option for paying while travelling abroad. Niyo Global is the best Travel Card that you must add to your list. It is an international debit card that helps people make payments in more than 150 countries hassle-free.

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So always keep some cash on hand in foreign currency, even if you plan to rely mostly on cards. Some European countries also accept US dollars as a second currency, so stuffing some green bucks into your wallet before heading out can prove useful.

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However, it's a mistake to finance your entire trip with paper money:
  • Cash is easily lost or stolen — and can't be replaced.
  • Carrying large amounts of money makes you an easy target for thieves.
  • Value could be lost every time you convert from one currency to another.


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The synopsis clearly states that Wise/ Bank transfers are the cheapest ways to pay for your travels as credit cards/ Paypal etc incur heavy fees. However, the latter options allow for complete security and safeguard you against possible fraud with their chargeback options.

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Utilities and Other Recurring Bills “Most subscription services require a credit card these days, because they understand one thing — we're more likely to pay our bills by the due date when the money moves from our accounts automatically,” said Cliff Auerswald, president of All Reverse Mortgage, Inc.

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Statistically, people who fly for personal holidays often choose a travel date from weekend to weekend. Therefore, flights on these days (especially Sundays) are the most expensive. On the other hand, if you fly on a Monday, Tuesday, or Wednesday, you should save an average of 12%, according to Google.

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Book your holiday on a Wednesday Holiday prices often fluctuate throughout the week, so it's best to avoid booking on weekends, Sky News reports. Norton Finance recommends booking on a Wednesday, which is likely to create a 5% saving if you tried to do so on a Wednesday.

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Using a debit card that reimburses ATM-operator fees and doesn't charge ATM fees or foreign-exchange fees can save you money when traveling abroad. Being able to withdraw small amounts of foreign currency without having to worry about fees can be convenient, especially if you're hopping from one country to another.

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Bottom Line: The Best Debit Cards for International Travel in 2023
  • Revolut: Best overall US debit card for international travel.
  • Chime: US digital account without foreign transaction fees.
  • Wise: Multi-currency account with most currency options.
  • Capital One 360: Best US bank for international transactions.


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