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Old 23-06-2011, 19:36   #1
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Money management ?

We are planning on traveling where ever the wind blows from S. Fl. What is the best way to pay for things in other countries ? Take a boatload of cash? Debit cards? Travelers checks? Any input would help.
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Old 23-06-2011, 19:39   #2
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Re: Money management ?

Visa card. Amex not accepted.
Travlers cheques not used any more
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Old 23-06-2011, 20:39   #3
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Re: Money management ?

Debit card
Visa card
Cash
Everywhere in the Caribbean takes greenbacks, just watch evchange rates.
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Old 23-06-2011, 21:46   #4
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Re: Money management ?

Excellent thank you all!
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Old 23-06-2011, 22:55   #5
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Re: Money management ?

Check your cc agreement. Most charge a foreign exchange transaction fee and it can add up. But there are ones that don't, so you may need to shop around. We have a HSBC Premier card and it doesn't.
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Old 23-06-2011, 23:57   #6
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Re: Money management ?

My debit card charges me the exact exchange rate at the time of purchase and no fees.
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Old 24-06-2011, 00:01   #7
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Re: Money management ?

Quote:
Originally Posted by captain58sailin View Post
My debit card charges me the exact exchange rate at the time of purchase and no fees.
Who is the issuer if you don't mind saying? And is it the same with your credit card?
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Old 24-06-2011, 00:09   #8
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Re: Money management ?

I don't know about the credit card, I try never to use credit cards outside of my home country, check with Charles Schwab regarding debit cards.
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Old 24-06-2011, 00:35   #9
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Re: Money management ?

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I don't know about the credit card, I try never to use credit cards outside of my home country, check with Charles Schwab regarding debit cards.
Thanks but my cc already doesn't charge so I don't need another. I was just curious as to others cc's that don't. I put everything I can on the cc that way I get some cash rebate, plus if there is any problem with a charge I'm protected since I can dispute the charge and not pay it until the issue is resolved. With a debit card once its deducted from your account, its pretty much gone I think.
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Old 24-06-2011, 06:36   #10
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Re: Money management ?

When travelling abroad I have found it useful to mix up options. Never know when something won't work (even if it should).

Also useful to have someone at "home" who could (at short notice) Western Union / Moneygram out cash (or use there own credit card).
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Old 24-06-2011, 06:40   #11
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Re: Money management ?

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When travelling abroad I have found it useful to mix up options. Never know when something won't work (even if it should).

Also useful to have someone at "home" who could (at short notice) Western Union / Moneygram out cash (or use there own credit card).
We need to talk David, you could be my guy!
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Old 24-06-2011, 06:53   #12
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pirate Re: Money management ?

Money Management....?? for me thats a fantasy... oh how different life could be...
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Old 24-06-2011, 07:04   #13
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Re: Money management ?

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We need to talk David, you could be my guy!

The good news is that I did once have some interests in the world of micro finance lending in the 3rd world - unfortunately, having just checked the CF rules , I see that most of the related funny stories......aren't funny

If you are interested, I would obviously want a Facility Fee up front and if you can also let me know your blood group and whether your kidneys are still in good order...........just for the paperwork
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Old 24-06-2011, 07:08   #14
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Re: Money management ?

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My debit card charges me the exact exchange rate at the time of purchase and no fees.
which bank is that?
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Old 24-06-2011, 07:10   #15
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Quote:
Originally Posted by David_Old_Jersey View Post
If you are interested, I would obviously want a Facility Fee up front and if you can also let me know your blood group and whether your kidneys are still in good order...........just for the paperwork
He likes to hold one for investment in other bodies....
in case of default on your part...
But I'd not worry... he's usually moved on before you have a chance to default...
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