Released on: March 14, 2008, 11:49 pm

Press Release Author: Anil kumar yadav

Industry: Transportation & Logistics

Press Release Summary: My first time overseas, I had to exchange cash in $200 of
travelers checks to pay a mountaineering guide who hadn\'t heard of American Express.
The bank charged me $8. During the same trip, I used my debit card at an ATM to get
$200 from my checking account. Once home, I saw that the charge for this was one
dollar, and that was the last time I used traveler\'s checks.




Press Release Body: My first time overseas, I had to exchange cash in $200 of
travelers checks to pay a mountaineering guide who hadn\'t heard of American Express.
The bank charged me $8. During the same trip, I used my debit card at an ATM to get
$200 from my checking account. Once home, I saw that the charge for this was one
dollar, and that was the last time I used traveler\'s checks.
Debit And Credit Cards When Traveling
I usually carry a debit card and a credit card when I travel now. I keep them
well-hidden in two separate places. If they are stolen, which has never happened
yet, they have either zero liability, or a fifty dollar liability limit for any
unauthorized charges. Ask your bank or credit card company about this.
When an Automated Teller Machine (ATM) won\'t take one of the cards for some reason -
and this will happen - I use the other card, which usually works fine. Credit cards
may be less trouble than debit cards. Your liability could be zero on your stolen
debit card, but you probably won\'t have access to your account until the matter is
sorted out.
Of course, on longer trips it\'s a hassle to pay the credit card bill on time, which
isn\'t a problem with debit cards. Carry both, and on longer trips you can wait until
you\'re a few weeks from home to use the credit card. That way you\'ll get there
before the bill does.
An important advantage credit and debit cards have over travelers checks, is that
when you need the local currency, you\'ll almost always get a better exchange rate
with your cards. Also, the cash you get from the local ATM will truly be accepted
everywhere, something even American Express Travelers Checks can\'t promise.
I have nothing against American Express. Once, when I was robbed in Mexico, they
quickly and curiously replaced my stolen traveler\'s checks. Also, at times it is
appropriate to carry money in several forms, including theirs. However, times change
and ATMs are everywhere now, so my policy is : Travelers checks; don\'t leave home
with them. You can take an American Express credit card instead.


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