![]() If you have plans of going around and don't want to carry around cash, that would be the best to use. “For China for example, they have their own e-wallet there. Some countries also have their own locall e-wallets that you can also now use for cashless payments. Consider using local e-wallets when available If you have to withdraw from ATMs, it’s best to withdraw a bigger amount just to maximize the one-time transaction fee (usually $5 or P286). “Make sure that the money you withdraw from ATMs is converted into the local currency of where you are traveling rather than your country’s currency, as some ATMs will give you the option to pick your country’s currency and convert it into peso,” Alvarez told L!fe. To ensure the best conversion rates, you can also withdraw from legit ATMS and banks using your debit card. Some travelers allot emergency funds of around $100 (P5,746)/day or $500 (P28,739) for a week-long trip. Since carrying a large amount of of cash when traveling abroad isn’t the best idea, travelers suggest just carrying around cash for emergencies and withdrawing from ATMs abroad using a debit card to get money in local currency. When traveling around Southeast Asia, it’s still best to use cash in paying for your transportation, food and when buying some souvenirs,” shared travel blogger Mervz Marasigan of Pinoy Adventurista. “I always use cash when I travel abroad, because it’s likely to be accepted everywhere. When traveling around less developed countries without the digital infrastructure, especially around Asia, cash is still king. ![]() So it’s best to have your bases covered and bring several card options as well as emergency cash. When using credit cards abroad, make sure you get charged in the local currency, and that the card you’re using doesn’t charge exorbitant fees when used overseas.Īnother downside is if your credit card is lost or stolen and you have fraudulent charges on your bill, reversing the fees can take a long time, which you might not have during your trip. ![]() “I once had an experience where I booked a stay at a 3 star hotel only to find out they did not accept my company's American Express card there, only Mastercard and Visa were accepted,” he added.
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