Using a Credit Card Abroad
In a more business minded society,
it is becoming more common place for individuals, couples and even families
to travel abroad frequently for business conferences and if not, perhaps
just for constant “globetrotting”
Carrying money around is a thing of
the past and many result to using a credit card for all vital purchases
ranging from dining out to shopping and any business expenses.
There can be downsides attached with
having a credit card purely for use abroad and it is an expensive option
when there could easily be adequate alternatives such as typical banking
accounts and debit cards.
The Charges:
It is not so much the fact of using
a credit card that is the problem, it can be the charges attached to them.
Not all lenders will charge fees for the privilege of using a credit card
abroad but as it becomes a major trend many companies are choosing to
capitalise on this large part of the spending regime.
With purchases or general expenses,
whatever the cost, a fee ranging from 0% to 2.5% could be added on every
time a credit card is used.
If you want to submit a credit
card application for a service which is dedicated to being suitable for
constant use abroad then there are many banks / building societies which
understand people’s needed and cater to meet the requirements and demands of
those who need it.
For example, if you choose to submit
a credit card application to Nationwide, they offer a credit card
which is ideal for use abroad and best of all, you only pay for what you
spend. They don’t add on any charges for using VISA or any other of their
credit cards abroad.
The Benefits:
As with a typical UK used credit
card, there can be extra benefits on offer for selecting and completing a credit card application for a card which is more suited abroad and this
can range very widely (depending on the lender in question).
- Insurance against loss, damage
or theft – If your purchases are stolen then the company may be willing
to cover everything in such an eventuality
- Protect all items whilst in
transit
These are just a couple of the many
benefits and as I have said can vary greatly but if you want to compare the
best deals for credit cards that can be used abroad then by visiting the
following website, it can give you an idea of where to begin:
www.ukfinacialoptions.co.uk
www.uswitch.com
http://www.fool.co.uk/credit-cards/credit-cards-comparison.aspx
www.nationwide.co.uk
It will make sense to search the
market as carefully as possible because if you can obtain a card which
doesn’t involve any “hidden extras” on everyday spending then this will
benefit you entirely. Why should you be charged extra for what you were
going to buy anyway?
When you choose to complete and
transmit your credit card application, it is the same whether it will
be used in the UK and / or abroad you want the same benefits and privileges
with each one, just because you choose to travel and use your card, you
should not be penalised for it with extra charges being slapped on.
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