Top 5 Best Travel Cards | Credit Card & Debit Card For Travelling
TLDRThe video script discusses various options for managing expenses during international travel, highlighting the benefits of using different types of cards. It reviews the UP Banking debit card, the ING Orange Everyday card, the Wise Travel Money card, the 28 Degrees Global Platinum credit card, and the Bankwest Zero Platinum card, emphasizing features such as no international transaction fees, cash withdrawal rebates, and complimentary insurance. The video aims to help travelers make informed decisions on the best cards to use for overseas transactions and expenses.
Takeaways
- 🌍 International travel is picking up, and managing expenses while overseas is crucial.
- 💳 Using a credit, debit, or travel card is safer and more convenient than carrying large amounts of cash.
- 🏦 Up Banking's debit card stands out for its lack of international fees and markups on foreign exchange rates.
- 💰 It's wise to keep some local cash for small transactions or places that may only accept cash.
- 🛒 Choose 'without conversion' at ATMs to avoid unfavorable exchange rates proposed by merchants.
- 🔒 Up Banking offers robust security features, including the ability to enable/disable your card and change your PIN through the app.
- 🍊 The ING Orange Everyday card rebates international transaction fees and offers up to five rebated ATM withdrawals per month.
- 💼 The Wise Travel Money card allows you to hold up to 50 different currencies and converts at market rates, reducing hidden fees.
- 💳 The 28 Degrees Global Platinum Credit Card offers zero annual fees, no currency conversion fees, and free Wi-Fi access at over 1 million hotspots.
- 💳 The Bankwest Zero Platinum Card provides complimentary insurance and no international transaction fees, making it suitable for those seeking a secure travel option.
- 📈 Consider your spending habits and travel patterns to select the most suitable card for your needs, balancing benefits and requirements.
Q & A
What are some considerations when paying for international travel expenses?
-Considerations include safety, convenience, and avoiding unnecessary fees. Options include bringing cash, using credit cards, debit cards, or travel cards, each with their own advantages and potential costs.
What makes Up Banking's debit card attractive for international use?
-Up Banking's debit card is attractive for international use because it does not charge any international fees and does not add any markup to the wholesale Mastercard foreign exchange rate, providing the same low rate as Updo.
How does Up Banking's debit card handle ATM withdrawals without incurring additional fees?
-With Up Banking's debit card, ATM withdrawals do not incur additional fees. Users can withdraw funds from an ATM without any extra charges, making it a cost-effective option for accessing cash while abroad.
What is the benefit of choosing 'without conversion' at an ATM or FPOS terminal?
-Choosing 'without conversion' ensures that you are charged at the local currency rate, avoiding any additional fees or markups that merchants may apply if you accept their proposed rate.
What security features does Up Banking's debit card offer to protect against loss or theft?
-Up Banking's debit card offers features such as enabling and disabling the card through the mobile app, changing the PIN on the fly, and enabling or disabling ATM withdrawals online or in person, both in Australia and overseas.
What are the benefits of the ING Orange Everyday card for international travelers?
-The ING Orange Everyday card offers benefits such as rebates on international transaction fees and up to five rebated ATM withdrawals per month, including rebates on ATM operator fees for independent ATMs.
What are the criteria to access the benefits of the ING Orange Everyday card?
-To access the benefits, cardholders must deposit at least one thousand dollars into any of their ING personal accounts each month and make five eligible purchases with the Orange Everyday card.
How does the Wise Travel Money card differ from a traditional debit card?
-The Wise Travel Money card allows users to hold up to 50 different foreign currencies and convert their local currency into the designated foreign currency at market rates through the Wise app, without any hidden fees commonly associated with traditional debit or credit cards.
What are the benefits of the 28 Degrees Global Platinum Credit Card for international travel?
-The 28 Degrees Global Platinum Credit Card offers benefits such as no annual fees, no currency conversion fees, and free Wi-Fi access at over 1 million hotspot locations worldwide.
What additional features does the Bankwest Zero Platinum Card provide?
-The Bankwest Zero Platinum Card provides complimentary insurance, including overseas credit card insurance, purchase protection insurance, and price warranty insurance, in addition to having no annual fees and no international transaction fees.
Why might a credit card be preferred over a debit or travel card when traveling internationally?
-Credit cards generally offer better protection against fraud and may provide additional benefits and security features that can be particularly useful when traveling internationally.
Outlines
🌍 International Travel Expenses Management
This paragraph discusses the considerations for managing expenses during international travel. It highlights the risks of carrying large amounts of cash and the common practice of using credit, debit, or travel cards. The video will explore various card options and discuss the top five cards suitable for overseas travel, starting with the UP Banking debit card, which is popular for its lack of international fees and markups on foreign exchange rates. The paragraph also emphasizes the importance of having some cash on hand and provides tips on how to avoid conversion fees at ATMs. Additionally, it mentions UP Banking's security features, such as the ability to enable and disable the card through a mobile app.
💳 Comparing Debit and Travel Cards for International Use
The second paragraph compares different debit and travel cards for international use, focusing on the ING Orange Everyday card and the Wise Travel Money card. The ING card offers rebates on international transaction fees and up to five fee-free ATM withdrawals per month, with certain criteria to be met each month. The Wise Travel Money card allows holding multiple currencies and converting at market rates without fees, making it ideal for travel across various countries. However, it's noted that other travel cards may have various fees, and the Wise card is recommended for avoiding international transaction fees rather than for frequent ATM withdrawals. The paragraph also discusses the 28 degrees Global Platinum Credit Card, which is popular for its lack of annual fees, no currency conversion fees, and free Wi-Fi access at over a million hotspots worldwide.
💎 Premium Travel Card Options and Benefits
The final paragraph discusses the Bankwest Zero Platinum card, which offers a tiered approach with a classic and platinum level. The platinum card provides complimentary insurance coverage and is available without an annual fee. The paragraph emphasizes the benefits of using a credit card over a debit or travel card for better fraud protection. It concludes by summarizing the various card options presented in the video and encourages viewers to share their choices in the comments section. The video aims to educate viewers on how to manage their finances effectively while traveling internationally.
Mindmap
Keywords
💡International travel
💡Credit card
💡Debit card
💡Travel card
💡Foreign exchange rate
💡ATM withdrawals
💡Currency conversion fees
💡Insurance options
💡Mobile payments
💡Annual fees
Highlights
International travel is picking up again, prompting considerations on how to manage expenses while overseas.
Carrying large amounts of cash for international travel may not be the safest idea depending on the destination.
Using credit cards, debit cards, or travel cards are common alternatives to cash for international expenses.
Up Banking's debit card is attractive for international use as it does not charge international fees or add markups to the foreign exchange rate.
Up Banking allows for fee-free ATM withdrawals and offers good security features such as enabling/disabling the card through the mobile app.
When withdrawing cash from an ATM abroad, it's recommended to opt for the local currency and avoid conversion through the ATM to prevent additional fees.
The ING Orange Everyday card is beneficial for travelers as it rebates international transaction fees and offers up to five rebated ATM withdrawals per month.
To access the benefits of the ING Orange Everyday card, certain criteria must be met, including a monthly deposit and a specific number of purchases.
The Wise Travel Money card allows users to hold up to 50 different currencies and converts at market rates, making it ideal for multi-currency travel.
Wise Travel Money card offers two free ATM withdrawals up to a certain value per month, with additional fees for higher transactions.
An independent study found that Wise was significantly cheaper for international transactions compared to other Australian bank accounts.
The 28 Degrees Global Platinum Credit Card is popular for international travel with no annual fees and no currency conversion fees.
The 28 Degrees card provides free Wi-Fi access at over 1 million hotspots, which is useful for travelers.
While the 28 Degrees card offers various insurance options at an additional cost, it's unclear if these offer more benefits than other providers.
The Bankwest Zero Platinum card offers no annual or international transaction fees and includes complimentary insurance.
Credit cards are generally recommended over debit or travel cards for better fraud protection while traveling internationally.