Monday, May 13, 2013

Tips for travelling

Many of us change money at airports because we need to have local currency in cash when we land in a foreign country. But don’t change ALL your money at the airport because you will get a terrible rate!  The rate offered at the airport was 14% worse than the inter-bank rate in my example above. Use credit card or debit card instead.

When using cards, always choose to view your purchases outside the US in the local currency when paying with a credit or debit card because you’ll pay 3% or higher for the convenience of viewing your bill in your home currency.

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