If you end up in a store or restaurant that doesn’t accept a credit card with a magnetic strip, you could be washing dishes. card, but there’s simply no reason to limit yourself like that. Larson adds that in some areas that cater to tourists, you’re more likely to find places that will still accept the standard U.S. Chip cards, particularly those requiring a PIN, are much safer from fraud, says Erik Larson, president of, which compares cards and services. A traveler who charges $10,000 on a trip would be looking at about $300 in fees.Īs far as security technology goes, many credit card processing machines are set up for cards that have a microchip embedded in them - commonly known as EMV - and require a PIN from the user. Ray, editor-in-chief of .įoreign transaction fees are typically about 3 percent, says Bill Hardekopf, chief executive officer of. “There’s really no excuse any more to travel abroad carrying an ugly American credit card,” says Daniel P. The good news is that a little pre-trip planning can help avoid such snafus.
The most persistent problems are reported by those who try to make purchases at kiosks for such things as train tickets and bicycle rentals.
Travelers say the problem is becoming more pronounced. travelers to Great Britain, Denmark, France, Italy, Brazil and other countries tell similar stories of being unable to make purchases with their old-fashioned credit cards, secured only with a magnetic strip and their signature. The waitress looked at one of the cards and commented: “It’s an antique.’” “I had a Visa, an Amex and a MasterCard on the table.” and then another,” says the co-author of the Travel Addicts blog (). That’s what happened to Lance Longwell, 37, of Ambler, Pennsylvania, when he tried to pay for a meal in Ireland in October. You may even get stuck without a payment method in places that won’t take your low-tech American card. Pay attention: if you don’t plan ahead, you’re going to run into extra charges while traveling that could add up to hundreds of dollars. In the wake of a large data breach at retailer Target Corp, you’re going to be hearing more and more about embedded chip technology used overseas, along with personal identification numbers for credit cards. Please refer to our Terms of Use for more details.January 14 (Reuters) - Americans run into big problems when they travel outside the country because their credit cards are not high-tech enough and because some issuers charge high fees for foreign transactions.
The use of any trade name or trademark on this website is for identification, comparison and reference purposes only and does not imply any association with the trademark holder or their brand. You should consider whether this advice is right for you and we encourage you to seek independent financial advice. All information on this website is general advice only and does not take into account your objectives, financial situation or needs. We endeavour to ensure that the information on this website is current and accurate however, before entering into any credit product with a credit provider displayed on our website, you should confirm the fees, rates, product information, and eligibility criteria with the credit provider and read the Target Market Determination (TMD) available via their website. When you apply for a credit product via our website, you are not applying with us, you are applying directly with the credit provider and will be redirected to their website. When we provide information via this website, we are not providing you with a recommendation or suggestion about a particular credit product. We are not a credit provider and we do not provide credit assistance. We do not compare every credit product in the Australian market. Stay or Go Pty Ltd (“Stay or Go”) provides information about and compares credit products in the Australian market and is authorised to do so as the holder of Australian Credit Licence 527092.
0 kommentar(er)
