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There’s a lot to think about when traveling, so it’s easy to overlook the manner in which you’ll make purchases when away from home. You have many options, but using a credit card should be at the top of your list. 

Here are some of the top benefits of using a credit card when traveling. 

1. A credit card is safer

You take a much bigger risk when traveling with cash. Not only are you a bigger target for people looking to steal from you, but losing cash is much more impactful than losing a credit card. 

If your credit card is stolen or lost, you can call your issuer and ask them to freeze your account. But if cash is lost or stolen, it’s likely gone forever .

2. A credit card is more convenient

Imagine carrying enough cash to fund your entire trip. This could extend well into the thousands of dollars. It’s not convenient (and definitely not safe) to carry that much cash.

With a credit card, you have access to your entire credit limit through one piece of plastic. Leave your cash at home and use it to pay off your balance when your trip comes to an end. 

3. A credit card provides fraud protection

Financial fraud is a major problem in today’s world, so you want as much protection as you can get. A credit card provides fraud protection, such as in the event that your card is stolen and used to make unauthorized purchases. 

4. Access to better exchange rates

Many people don’t know that credit cards generally provide a better exchange rate than a currency stand or ATM. This can save you quite a bit of money when traveling abroad.

5. You may be able to earn rewards

There’s no denying that you’ll spend money when traveling. So, if you have the opportunity to do so, you might as well earn rewards along the way. 

A rewards or cash back credit card gives you something in return for every dollar you spend. If you don’t have a rewards or cash back credit card, now may be the time to apply for one. You’ll experience the true power when traveling. 

Final Word

As you can see, there’s no shortage of benefits of using a credit card when traveling. So, the next time you plan a trip, you should also plan to take a credit card along with you. 

Do you generally use a credit card when traveling? Why have you found this beneficial when compared to other options such as cash?

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