The Safest Way to Carry Funds Abroad
Even if you’re backpacking on the cheap, you will still need to pay for incidentals along the way. Even if you’re insured – and you always should be, losing your money or being robbed could potentially ruin your whole trip. Stay safe and secure and you’ll enjoy a lot more peace of mind as you travel.
It’s usually advisable to carry at least some local currency. You cannot always pay on plastic in every conceivable situation, especially when you are dealing with small amounts such as bus fares or buying food or goods from street vendors. Try to avoid carrying large amounts of cash however. Split what you do have and carry it in different places. Consider a forward facing money belt and never carry a large amount of unsecured cash in your back pocket.
Traveler’s cheques are reasonably secure, due largely to the fact that they must be countersigned and can be replaced if lost or stolen. They used to be pretty standard requirements for most travelers but their popularity has declined in recent years as it can be inconvenient finding a place in which to cash or spend them in.
Credit cards can be a convenient and secure way to carry funds and the big providers are accepted all over the world. As already mentioned, they can’t take the place of cash in every situation but they can be safer for paying for anything from hotels to meals to flights.
A card like the American Express Credit Card also as a number of features that makes it perfect for the committed traveler. One of the most important is an emergency card replacement service with 24/7 manned helplines. Wherever you are in the world, a local customer service representative will be just a phone call away and, if your card is ever lost or stolen, arrangements can be made to get a new card to you. Even if you’re backpacking in a remote corner, arrangements can be made to have a Card waiting at a point along your way.
Chip and PIN adds another level of security and, as long as you take reasonable precautions with your credit card, most providers offer fraud protection, covering you against the fraudulent misuse of your card.
How to you usually carry funds when you travel?
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