Many people find it “scary” to use a credit card, or refuse to use it, as it can be very expensive if you do not pay by the payment deadline or that there is generally more to control than using a debit card .
However, there are several benefits to using credit cards, something that iMother Courage has written about previously, which makes the extra work of keeping control of consumption well worth it. Perhaps the best reason for using credit cards is that it provides extra security when using it on holiday abroad. In this article, we will take a closer look at why you should definitely consider using credit cards when staying abroad.
Travel insurance and cancellation insurance
Some credit cards offer travel insurance and cancellation insurance as part of the deal when you create your credit account. Travel insurance is something that is absolutely necessary when you are going out and if you choose a credit card with this offer you do not have to think about it any more. What is common practice is that you must pay at least 50% of your credit card travel for travel insurance to take effect. Some credit cards also offer cancellation insurance, which makes it convenient to pay the airline tickets with the credit card. This avoids losing the money you have paid for the air ticket if you are exposed to accidents or illness. You also do not have to buy the airline’s own cancellation insurance, a service that can often be expensive. Before deciding which credit card you are going for, you should find out which one offers travel insurance or cancellation insurance, possibly both.
Credit cards are accepted worldwide
Since credit cards are linked to VISA or Mastercard, it will be accepted as a payment solution around the world. The only exception we know of iMother Courage is the Vatican, as credit cards are prohibited in this area.
Credit cards are a safer payment solution
If you use credit cards as a payment solution, you will not pay from your own account until you receive the bill in the mail or online bank. This gives you the opportunity to check every transaction made during the holidays and see that everything is correct and that one has not been scammed. If you find that it has been overcharged for a service or that it has been deducted for services that you have not purchased, please report this to the credit card issuer and the most common is that you do not have to pay for what you did not buy. However, if you use debit cards, the money is deducted directly from your own account and it is much more difficult to get money back rather than having to pay the bill afterwards like credit cards.