How to take my money on holiday - Prepaid card or creditcard? [duplicate]
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I'm based in the UK and travelling to South Africa in two months. I'm slightly against carrying a lot of cash since I have a habit of losing things and we are going to be staying in a lot of different hotels. I want to convert my money with the best exchange rate I can and also have a method of paying which secure and versatile.
For this reason I am unsure what the best approach would be, with the most obvious options being:
- A prepaid travel card
- A mastercard with no charge on foregin purchases
Since I'm not a regular traveller I'm a bit stuck. What does the communiuty recommend?
Best Answer
A good idea would be to take the credit card if you will have internet/phone service. If someone steals a prepaid travel card, you've just lost that money. If you lose a credit card, contact the company and have them cancel the card immediately. The only problem is, it will take them a long time to send you a new one(if they'll send to South Africa). So, just to be safe, I'd recommend taking a credit card and a prepaid travel card. Only use the travel card if your credit card gets stolen. That way, you have your bases covered, and you can go without fear of not having enough money.
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How do I take money off a prepaid card?
Once you've added funds to your card, you can spend that money or withdraw it in cash at ATMs. To buy something in person, just swipe or insert the card at the point of sale. If you're shopping online, type in your card number. At an ATM, just insert your prepaid card like any other bank card, and withdraw cash.Can I transfer money from a prepaid visa to my account?
You can typically transfer money from your prepaid card to your bank account online, by logging in to prepaid card's app or website. If your prepaid card does not allow transfers to bank accounts, you can use a third party service like MoneyGram to make the transfer.Can you take money out of a reloadable prepaid card?
A reloadable Visa Prepaid card is the quick, easy and secure way to pay online or in person. The all-purpose Visa Prepaid card is a prepaid card that you can use to withdraw cash, pay bills or make purchases anywhere Visa Debit cards are accepted, in-person or online.What happens if prepaid card is lost?
Some prepaid card providers give some additional protections for loss or theft, but you should check your card provider's website or your cardholder agreement to find out the specifics. Call your card issuer right away if your card or PIN is lost or stolen or if you see unauthorized charges.How to transfer gift cards money to your bank account - Money Maker off gift cards!
More answers regarding how to take my money on holiday - Prepaid card or creditcard? [duplicate]
Answer 2
You need to check with your bank what are the charges they will apply for both a credit card payment and a local cash withdrawal. Some banks don't apply any charge for foreign payments. Others have huge charges so you really need to check with them.
From my own experience, a Master Card or an Amex would make it great. Those are also interesting for the insurances they offer to protect your goods and your travel.
You could also opt for a travel card but I am not familiar with this solution. Not sure if it is really interesting so I won't comment on it.
Sources: Stack Exchange - This article follows the attribution requirements of Stack Exchange and is licensed under CC BY-SA 3.0.
Images: Karolina Grabowska, Anete Lusina, Nataliya Vaitkevich, Pixabay