This is very important to know if you have a foreign trip soon How to use credit card correctly.
opposite of this, you will lose money in commissionEither when paying with the card or withdrawing money, and it is also possible that you will face other types of problems such as unreasonable charges or scams.
This does not mean that you should abandon credit cards as a method of payment abroad. In fact, this route is still the best way to pay in stores and withdraw money from ATMs.Even when the currency of that country is not the Euro.
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Of course, in countries that are not in the euro area (some common ones such as the United Kingdom, Croatia or Poland) cards apply commissions. For example, thee Up to 5% of the amount when you withdraw.
Because of this, it is essential that you know all the recommendations and tips for paying by card outside Spain.
How to pay by card abroad and save on commission
Considering the situation many travelers face, OCU has published a series of tips so that you don’t spend on commissions when you pay with a card in another country.
These are the recommendations you should follow when Use a credit card abroad:
- Check if your card has a fee for use outside the euro area: Do this before travelling, and in that case, it’s best to look for a new card that doesn’t charge any fees.
- Look for a card that doesn’t charge a withdrawal fee: There are some that will not charge a commission for withdrawing money from ATMs; They are best for travel.
- Make sure the credit limit is sufficient: Otherwise, you can ask the bank to increase it so that your holiday budget is not exhausted.
- Move another card: This is advisable if the one you use usually fails, or if you are the victim of a robbery or some other accident.
- Beware of Paying in Euros: If you are outside the Euro area and the ATM or POS offers you to pay in Euros, it is better to decline it; It is advisable to pay in the local currency as the exchange rate is very damaging.
- View commissions: ATMs usually have on-screen commission warnings that they will charge you when withdrawing money; If you find it to be high, cancel the operation.
- call the bank If your card is stolen or lost, Write down the number of occurrences of your bank to hand it.
- Check All Payments: You never know when you will fall for fraudulent uses or face unreasonable charges; It’s better to make sure every payment you make.
In the event that you are only going to use cash, OCU recommends that you withdraw it from an ATM in the country of originIf possible, use a card that doesn’t charge a commission.
It is essential to follow these recommendations, as it is always difficult to save while traveling.