The summer holidays are on their way which means millions of us will be going away to a foreign destination. Amongst the usual sun cream and flip-flops other essentials which are often overlooked include travel insurance, health insurance if you are going away to Europe and a credit card which doesn’t cost an arm and a leg to use abroad.
Top travel insurance
Surprisingly one fourth of Brits abroad who get into trouble are not covered by travel insurance. This is an astonishing statistic given that the market offers a wide range of policies at affordable prices. The top tip is not to purchase your travel insurance from an agency or other holiday provider as their prices can often be a few times higher than what you can get by shopping around.
Inexpensive holiday money
Finding a good foreign currency provider can sometimes be the most challenging part of your pre-holiday preparation since a bad choice may cost you 5% – 10% of your money than what you could have got elsewhere. Factors to take into consideration when selecting a provider is the exchange rates, delivery charges (if applicable), commission charges, etc. The trend has been that the best offer can be obtained from ordering your money online to be collected in person at a later date. A top tip would be to avoid buying your holiday money from the airport as the interest rates are often much higher there and you will be faces with other charges.
The correct card
A common mistake amongst us is to take our everyday credit card for use while abroad. There is a typical 3% charge for payments and withdrawals on transactions abroad. This could mean adding an extra £50 on every £1,000 spent while abroad. The following three are the best recommended low charging cards to take away with you:
- Aqua Advance MasterCard: For those of us with a less then shining credit rating.
- ICE Travellers Cashcard: Ideal for travel to Europe of the US.
- Caxton FX Global Traveller: Suits other destinations and charges a ‘mark-up’ when making foreign transactions.