Should I travel with cash, travelers cheques, or credit card?
This depends entirely on your destination country. If you are travelling to major industrialized nations with highly developed financial systems, use your credit card and carry just as much cash as absolutely necessary. Withdraw cash from ATMs using your credit card. When using credit cards for cash withdrawals, it is highly advisable to deposit money into your credit card account prior to your departure in order to avoid the exorbitant interest rates banks charge for cash advances on credit cards. The downside of using foreign ATMs is that you may need to be familiar with the local language, as many do not provide English-language instructions. The upside of using credit cards is that the commission charged by credit card companies are typically quite small; typically about 1-2% of the transaction value. Ask your credit card issuer about their policies and rates. Traveler cheques have the advantage that they are insured. If you lose them they can be replaced. However, in most places w
