If you are planning a trip overseas this summer, here are a few points that you need to be careful about especially if you are carrying your credit card with you. These long trips can cost you quite a lot of money if you don’t plan your finances wisely and take precautions while using your credit cards.
Most of the card holders are unaware of the transaction charges on the card when they use them overseas. This charge can range from 0 percent to 3 percent per transaction based on the issuer. Though most of the cards have foreign transaction charges on their card, a few of them don’t. Of the cards that don’t have any foreign transaction charges, the Chase Sapphire Preferred card is the most preferred. This card is loaded with favorable features and waives off the annual fee for the first 12 months.
Travel rewards cards are the best ones to take along when you plan long trips. If you don’t have one yet, it could be worth signing up for the American Express Starwood Preferred Guest card that offers a sign up bonus that can easily get you a complimentary stay in a hotel for one night. Booking a two night stay in one of the Sheraton hotels or resorts they have a tie up with will entitle you to a free third night. The purchases made using this card will add points to you card that can be redeemed for travel rewards anytime in the future.