Currencies and card fees are not the only things to consider when you’re heading overseas
Q What are the main things I need to look for when comparing travel cards?
Make sure you take a close look at fees. Travel credit cards involve purchasing fees, loading fees, reloading fees, inactivity fees and even an account closure fee.
Pay attention to ATM withdrawal limits as some cards restrict how much money you can take out each day. If you need a lot of cash or your prepaid travel card charges a fee per transaction, it could quickly get very expensive.
Consider your itinerary and the card’s supported currencies. Prepaid travel cards usually support a number of foreign currencies, though the exact ones will depend on the individual card. Check the card’s currencies, and make sure they match your destination, otherwise you’ll have to shell out currency conversion fees each time you spend. BESSIE HASSAN
Q What fees do I need to be aware of?
Travel money cards come with a range of fees, from loading and reloading to ATM withdrawal and currency conversion fees.
Depending on the card you choose, there can also be initial purchase fees and an account closure fee. When choosing a card, consider the main ways you’ll be using it and avoid fees that’ll mostly impact you.
For example, if you’re travelling to Japan and know you’ll mainly use it like a credit card, you won’t need to worry about withdrawal fees. But if you’re visiting a country where you’ll need cash for food carts and night markets, look for one with lower ATM fees. BESSIE HASSAN
Q What is an exchange rate margin?
Denne historien er fra September 2018-utgaven av Money Magazine Australia.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent ? Logg på
Denne historien er fra September 2018-utgaven av Money Magazine Australia.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
An outrageous, beautiful monopoly
Telstra's mobile business is a cash machine with few competitors, giving it the highest returns in the world.
Drop the anchor to judge value
Buying and selling decisions should be based on where a stock price is going, not where it has been.
Powering the AI boom
Beyond the software and chipmakers, where will the energy come from?
Get into life
Tucked inside super are products that can protect you from life's inevitable uncertainties.
Paths to home ownership
Taking the road less travelled can sometimes deliver unexpected benefits.
Sold! Quick ways to add value
Small, strategic changes can have a big impact on the look and feel of your home. And get you a better price on auction day.
Money lessons the kids need to know
Your children can learn a lot from your past money mishaps. Here are eight financial conversations I have had with mine.
Property-investing rules: are they likely to change?
The pressure for the government to curb the tax benefits of tax concessions, such as negative gearing and the capital gains tax discount, is unrelenting. Most recently, independent senators David Pocock and Jacqui Lambie proposed five options for paring back investment property tax concessions, with savings to the Federal budget of up to $60 billion over the next decade.
What's love got to do with it?
A rollercoaster of emotions could be driving poor crypto behaviour.
Are we ready to be cash-free?
Saying goodbye to our piggy banks too soon could leave small businesses in the dark when problems arise.