Just like having a budget for your groceries, transportation, and utilities, creating and strictly adhering to a travel budget is considered a practical and financially sensible move. After all, a budget can help ensure your financial transactions can be as seamless as possible.
The great news is sticking to your budget when traveling overseas is made easy with an international prepaid card. Nowadays, avid travelers rely on their international prepaid cards to ensure they are able to spend within the budget they have identified. It also helps ensure transactions abroad will go smoothly.
Want to use your international prepaid card when traveling abroad? Keep the following basics in mind:
Easy withdrawal of money
Instead of doing currency exchange manually, international prepaid cards can be used to withdraw cash. What’s even more impressive? You can withdraw cash in the currency of the country you are in. While you will be likely charged extra for the withdrawal transaction, the charge would be very minimal.
It is important to keep in mind that most currency firms apply exorbitant rates for withdrawal transactions overseas. Dealing with currency companies can also cost more money in the long run. As such, it can also end up eating into the budget you have identified and ruin it.
Dedicated card for spending
If you are not using an international prepaid card yet, it would be best to first breakdown the budget for your travel. This is important so you will know how many cards to get. It is possible to get and use more than one international prepaid card and dedicate each one for a specific budget.
For instance, you can have a card dedicated solely for your travel essentials including meals, transport, souvenir shopping, etc. This strategy is very effective if you want to stick to your travel budget as you won’t be able to overspend and spend money on things that are not in your budget list.
With an international prepaid card, you are also given the option to adjust your spending based on the remaining balance that is available on the card. For example, if the transportation expense has been depleted, you can consider taking the train or the bus instead of taking chauffeured rides or taxis.
Accommodations and rentals
Today, more and more hotels, resorts, and other accommodations have been accepting online payments using prepaid cards. Some of the establishments even accept discounts when customers book through their booking partners online rather than paying for cash.
It would be best to take advantage of similar deals as you will not only enjoy convenience, you will also likely get some rebates and discounts. The card can also be used to book a staycation place or a hotel that is within your budget. Also, with a prepaid card, it’s easier to trace all your transactions.
Aside from being able to easily trace your transactions using your international prepaid card, you can also easily avoid spending impulsively since your cash at hand is limited. Using an international prepaid card is also safer since you won’t be carrying any cash around with you at all times.
Easy payment transactions using the card
Apart from hotels and staycation places, it is also a great idea to use an international prepaid card for basic travel transactions like purchasing tickets. The card can also be used to pay for train and bus tickets, boat rides, and even airline tickets. Some merchants will even provide discounts and cheap fares.
When you travel outside the country for pleasure or business, you will be better off if you take your international prepaid card with you. Your international prepaid card can help ensure you stay within the budget you have identified. It can also help warrant your transactions go as seamlessly or as smoothly as possible.