Which credit card is best for travelling abroad?

Choosing the Best Credit Card for International Travel

When it comes to traveling abroad, having the right credit card can make all the difference. Many traditional credit cards charge high foreign transaction fees, which can add up quickly on large purchases or when making multiple transactions. To avoid these fees and ensure seamless international travel spending, consider using a dedicated travel credit or debit card.

Why Use a Travel Credit or Debit Card?

Travel credit and debit cards are designed specifically for international use. They typically offer significantly favorable exchange rates, which can save you money on every purchase you make. Additionally, many travel cards come with additional benefits, such as:

• No foreign transaction fees
• Airport lounge access
• Travel insurance
• Rewards and points for travel-related purchases

How to Choose the Best Travel Credit or Debit Card?

When choosing a travel card, consider the following factors:

• Annual fee: Some travel cards have an annual fee, while others do not. If you travel infrequently, a no-fee card may be a better option.
• Foreign transaction fees: Look for cards that charge no foreign transaction fees on purchases made outside your home country.
• Exchange rates: Compare the exchange rates offered by different cards to ensure you’re getting the best deal.
• Rewards program: If you travel frequently, consider a card that offers rewards or points for travel-related purchases. These rewards can be redeemed for flights, hotel stays, and other travel expenses.
• Other benefits: Some travel cards offer additional benefits, such as airport lounge access or travel insurance. Consider which benefits are most important to you.

Top Travel Credit and Debit Cards

Some of the top-rated travel credit and debit cards available include:

• Chase Sapphire Reserve: No foreign transaction fees, airport lounge access, and premium travel rewards.
• Capital One Venture Rewards Credit Card: No foreign transaction fees, a generous rewards program, and a $200 travel credit.
• Schwab Debit Card: No foreign transaction fees, unlimited ATM withdrawals abroad, and a 1% cash back on all purchases.
• Revolut: A debit card with no foreign transaction fees, real-time currency conversion, and access to 30+ currencies.

Conclusion

Choosing the right travel credit or debit card can make a significant difference in the cost and convenience of your international travel. By considering the factors discussed above and comparing the available options, you can find a card that meets your specific needs and helps you save money on your global adventures.