{"id":9582,"date":"2019-07-17T09:00:36","date_gmt":"2019-07-17T07:00:36","guid":{"rendered":"https:\/\/my-life.lu\/?p=9582\/"},"modified":"2024-06-26T15:15:45","modified_gmt":"2024-06-26T13:15:45","slug":"bank-cards-tips-for-when-you-travel-50026","status":"publish","type":"post","link":"https:\/\/my-life.lu\/en\/bank-cards-tips-for-when-you-travel-50026\/","title":{"rendered":"Bank cards \u2013 tips for when you travel"},"content":{"rendered":"

Are you about to go on holiday, with visions of sun, sea and sand dancing in your head? myLIFE has a few tips on money and bank cards to bring with you, so you can leave your cares at home and make the most of your trip.<\/p>\n

Before you go, get ready.<\/h2>\n

Card-linked insurance and assistance<\/strong><\/p>\n

Are you preparing for a trip, and planning to use your credit cards while you\u2019re away? Now is when you should read about the perks you didn\u2019t know they came with<\/strong><\/span><\/a>. Before it\u2019s time to leave, review the insurance and assistance services your bank cards give you access to. In addition to purchase protection, your cards may include insurance in case of travel accidents, as well as protection against repatriation, flight cancellation, missed connections, loss of luggage, etc. Depending on your card, you could also benefit from services such as AirRefund, Smart Delay, access to VIP lounges at airports, LoungeKey, rental car insurance, and even payment of medical fees abroad. Check your card policies to ensure that you\u2019re well protected and that you don\u2019t take out multiple insurance cover with different providers, resulting in unnecessary extra costs.<\/p>\n

How can you take advantage of these services? Insurance cover applies to purchases made with the particular card, while assistance is available to cardholders in need. If anything happens, contact your credit card provider to get the best advice.<\/p>\n

Foreign currency<\/strong><\/p>\n

Are you travelling outside the euro\u00a0zone? If you need foreign currency, don\u2019t forget to make arrangements on time! Some banks in Luxembourg have certain ATMs where you can withdraw US\u00a0dollars, pounds sterling or Swiss francs. For more exotic currencies, it\u2019s usually better to exchange money once you arrive than to order it in Luxembourg before you leave. But if you\u2019re dead-set on doing this, remember to order the currency at least a week before you go, to avoid any hang-ups.<\/p>\n

Card spending limits<\/strong><\/p>\n

When we\u2019re on holiday, most of us have a tendency to treat ourselves to special purchases, spending more than we usually would for the month. It would be a shame to discover during your trip that your card is maxed out, leaving you unable to enjoy that final round of sightseeing.<\/p>\n

That\u2019s why it\u2019s important to check your card limit before you leave. If necessary, increase it for the duration of your trip \u2013 or on a permanent basis. Requests to change a spending limit are generally approved instantaneously, at least during your bank\u2019s normal business hours. If you\u2019re planning to do this once you arrive, remember to account for different time zones. For a major increase, approval can take a little longer. All the more reason to request it beforehand!<\/p>\n

Payment authorisations<\/strong><\/p>\n

Check that your bank\u2019s\u00a0app is up and running before you go on holiday, and rest easier \u2013 it lets you turn payment authorisations on or off in seconds! Block your card to prevent withdrawals, online purchases or payments outside Europe in a single click.<\/p>\n

Payments made using your card are also more secure, as they offer some protection in the event of loss or theft.<\/p><\/blockquote>\n

Once you\u2019re there, enjoy!<\/h2>\n

Card or cash?<\/strong><\/p>\n

Many tourists are still in the habit of travelling with large amounts of cash, but this is a mistake. Plastic is the best way to pay while you\u2019re abroad. When using your card in another country, avoid the risk of a less favourable exchange rate by choosing to make the transaction in the local currency.<\/p>\n

Payments made using your card are also more secure, as they offer some protection in the event of loss or theft.<\/p>\n

For cash in the euro\u00a0zone, use debit<\/strong><\/p>\n

Have you run out of euros but need some cash for souvenirs or an excursion? If you\u2019re travelling in the euro zone, you can withdraw money using your debit card. As a general rule, a Visa Debit will allow you to make a certain number of free withdrawals abroad. Outside the euro zone, a flat-rate commission will be charged. Contact your bank to find out how many.<\/p>\n

And if you find you still need to use your credit card at a foreign ATM? This withdrawal will be regarded as a cash advance, and you will have to pay fees on it. A fixed percentage of how much you take out will be added as an extra charge, meaning this amount could be high. That\u2019s why it\u2019s good to find out exactly what conditions apply, before you leave.<\/p>\n

In your online bank account, you can easily view your card balance and all your past and pending transactions.<\/p><\/blockquote>\n

View your spending with real-time updates<\/strong><\/p>\n

When on holiday, it\u2019s tempting to allow a sense of frivolity or nonchalance to wash over you. But if you make it a point to watch your budget, you\u2019ll avoid any unpleasant surprises when you get back. In your online bank account, you can easily view your card balance and all your past and pending transactions. This means you can check the value in euros of any payments in foreign currency, and view any security deposits for your hotel or car hire. It\u2019s an important thing to do if you want to avoid spending more than you can afford<\/strong><\/span><\/a>.<\/p>\n

What to do if your card is lost or stolen<\/strong><\/p>\n

Even on holiday, there\u2019s always a risk of losing your card or having it stolen, or simply forgetting where you put it!<\/p>\n