If you’re planning on traveling abroad more often, some cards are more widely accepted outside of the United States than others. Before you travel, ask your bank about what fees you’ll be charged on withdrawals. However, there may be international ATM fees you need to keep an eye on. When you use your debit card to withdraw the cash at a foreign ATM, you’ll get the bank’s wholesale rate - as long as you decline any currency conversions the ATM offers to make for you. Many currency exchanges charge fees to exchange your dollars and give you a less favorable rate. Remember that exchanging money yourself is usually far more expensive and time-consuming than withdrawing the funds using a debit card. That’s why it’s a good idea to have a debit card on hand as well. Travel around parts of Europe and you may find many restaurants and small businesses require a minimum amount (usually the equivalent of $10 or more) before they’ll accept a credit card. But there are countries whose businesses still conduct most of their transactions in cash. Many places have readily adopted credit cards and cashless payments, and a credit card can reduce how much cash you need to carry in case of theft. Discover cards that may be best for travel are: Though Discover isn’t widely accepted internationally, the company’s cards do not charge foreign transaction fees.
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