Travel Smart This Summer: Using Your Credit Card Wisely and Staying Safe

Summer holidays are just around the corner, and it's the perfect time to plan a getaway. Whether you're heading to sunny beaches or exploring vibrant cities, using your credit card wisely can make your trip more enjoyable and secure. Here are some tips to help you make the most of your credit card, save money, and stay protected against financial fraud while traveling.

1. Review Your Credit Card Benefits and Insurance

Did you know your credit card likely comes with added benefits? Before you hit the road, take time to review the benefits and insurance coverages provided by your credit card. Many credit cards offer valuable travel benefits that can enhance your trip and provide peace of mind:

• Travel Insurance: Check if your card includes travel insurance that covers trip cancellations, interruptions, and delays.
• Rental Car Collision/Loss Damage Insurance: Some credit cards offer rental car insurance, which can save you having to buy additional coverage from the rental car provider.
• Baggage Coverage: Don’t get caught without a swimsuit! Check to see if your card provides coverage for lost or damaged baggage.
• Emergency Health Care Insurance: Verify if your card includes emergency health care coverage while traveling.

Understanding the added benefits of your credit card can help you avoid purchasing duplicate insurance and ensure you're adequately protected.

2. Plan Ahead with Travel Notifications

Inform your credit card issuer of your travel plans to avoid any disruptions in service. This ensures your card works seamlessly wherever you go and helps prevent your transactions from being flagged as suspicious or fraudulent.

3. Set Spending and Merchant Limits

Using a digital account management tool, like CardWise, can help you set spending and merchant limits on your credit card to control your expenses while traveling. This can support you in sticking to a budget and avoid overspending.

4. Be Aware of Financial Fraud

Traveling can make you more vulnerable to financial fraud, but there are steps you can take to protect yourself:

• Monitor Your Transactions: Regularly check your account activity to spot any suspicious transactions. Report any unauthorized charges immediately.
• Use Secure ATMs: Only use ATMs located in well-lit, secure areas. Avoid standalone ATMs in remote locations.
• Keep Your Card Information Safe: Be cautious when sharing your card information. Avoid using public Wi-Fi networks for online transactions and use secure websites.

5. Save Money While Traveling

Travel can be expensive, but there are plenty of ways to cut costs:

• Pack Light: Avoid checked bag fees by packing light. With a light suitcase or backpack, you're more agile and can navigate public transit instead of paying for taxis.
• Look for Free Activities: Many cities offer free walking tours, museum days, and community events. Research these options to enjoy your destination without spending a lot.
• Use Public Transportation: Instead of renting a car or using taxis, take advantage of public transportation. It's often cheaper and gives you a more authentic travel experience.
• Book Accommodations Wisely: Consider staying in budget-friendly accommodations like hostels, vacation rentals, or even house-sitting. Booking in advance can also help you secure better rates.

6. Watch Out for Common Travel Scams

Being aware of common travel scams can help you avoid falling victim to them:

• Broken Taxi Meter: Some taxi drivers may claim their meter is broken and charge you an exorbitant fare. Always negotiate the fare beforehand or ensure the meter is working.
• Overbooked or Closed Hotel: Scammers may tell you your hotel is overbooked or closed and take you to a more expensive one where they receive a commission. Confirm your reservation directly with the hotel.
• Fake Vacation Rentals: Be cautious of vacation rentals that seem too good to be true. Verify the listing through reputable websites and read reviews from previous guests.
• Phishing Emails and Texts: Scammers may send emails or texts that appear to be from legitimate travel companies, asking for personal information. Always verify the sender's authenticity; your financial institution will never ask you to provide personal emails via email or text.

By following these tips, you can enjoy a worry-free summer while making the most of your credit card benefits. Remember, understanding your credit card's insurance and benefits can save you money and provide valuable protection during your travels. Safe travels!