Can I use my debit or credit card while traveling internationally? (2024)

FAQs

Can I use my debit or credit card while traveling internationally? ›

While spending money abroad, do a little math and check how much additional charges you will need to pay on both debit and credit cards. Then decide which one to use. Carry both cards on your international trip and use them based on safety and financial requirements.

Credit cards typically provide better exchange rates than what you'll get from ATM machines and currency stands. Depending on your card issuer, your purchases might automatically qualify for insurance. This coverage doesn't simply apply to consumer goods — it also covers travel delays and lost luggage.

While you can typically use a debit cards in another country, you may have to pay a foreign transaction fee. Though these fees vary by bank and card issuer, they are usually around 3% of any transaction abroad. In addition, you may be given the option by a merchant to pay in local or U.S. currency.

Your card will usually work but there are chances that transactions may be blocked, particularly for large amounts. It is always prudent to let your card company know you will be abroad and when to ensure your charges will not be blocked.

Most credit card providers charge you a fee for currency conversion when you're abroad – and for withdrawing cash abroad you may also be charged a cash withdrawal fee. Your exchange rate will be set by your payment scheme provider – either Visa, Mastercard or American Express.

Chase's current account is a great option for those who travel overseas regularly and who want a simple-to-use app-based account and debit card with zero fees for spending and cash withdrawals abroad.

Costly foreign transaction fees

These are additional fees for each foreign currency transaction. The fees can range from 2% to 3% of the transaction amount. As a result, it increases the total cost of purchases.

All you need to do is inform your bank about certain specifics, i.e. the currency, daily usage limit, time period etc. Once you have informed your bank, subject to sufficient funds available in your account, your bank will activate international usage on your card.

What is the best way to pay when traveling abroad? ›

If you're travelling internationally, it's best to bring a no-foreign-transaction-fee credit card so you don't waste funds just because you're shopping in another currency. In the end, you may find it's best to have access to both cash and a travel-friendly credit card when travelling.

Yes. Your bank would typically charge you a nominal fee for this service. Please check with your bank for more details. In some cases, there may also be a charge levied by the bank that owns the ATM.

Keep your bank informed.

This is especially true when traveling outside the United States. Due to the potential for international fraud, most banks automatically restrict international transactions. With proper notification, debit card transactions can be accepted safely wherever you may be.

If you intend to use your personal debit or credit card abroad it is best that you let us know. Telling us in advance that you're travelling will notify our transaction monitoring systems you will be using your debit or credit card abroad. This will help us to reduce the likelihood of your transactions being blocked.

You're not required to notify your credit card company when you're going away on vacation, but it is highly recommended. By letting your credit card company know where you're going and for how long, your company will know that any card transactions from that location were likely authorized by you.

Debit cards are much safer. It is difficult to lose your debit card if properly protected. Using debit cards is using your own money, from your bank account. So, there is a limit to how much you will spend.

Which is the best option: Travel Money Card vs Credit Card? While credit cards have the advantage of a larger fund limit than other options, the best option for travelling overseas is still the Travel Money Card.

When making payments in a foreign country to vendors you've never encountered, the fraud protection on credit cards and the ability to dispute unauthorized charges make this payment method desirable and super-safe. Credit cards may also be necessary when booking a hotel stay or car rental.