The Most Expensive Credit Card Mistakes We Make On Vacation

 
The Most Expensive Credit Card Mistakes We Make On Vacation

Do you know when people make the most expensive credit card mistakes? Yes, you got it right? It’s during vacations and holidays. So, if you are planning to go on a vacation, regardless of where it is and you wanted to avoid spending your entire fortune during that time, then it would be best for you to know about the most expensive credit card mistakes we often make on vacation.

Spending more than what you can
When you go on a travel or a vacation, then tendency is that you would want to buy everything that have gotten your attention there, either for yourself or for your loved ones once you return. Sometimes, we also buy the things that we don’t even need. This results to over spending that would surely be a great burden on your part financially. So, whenever you are about to get your credit card out of your wallet or pocket, think twice on whether the purchase you are about to make is essential or not.

Assuming that all charges on cards are the same 
There is a need for you to know that there are certain type of credit cards wherein you only need to pay for the exchange rate without the so called “load” or the percentage that the credit card company gets from the transaction made. So, if you are planning to use your credit card overseas, then it would be best for you to use the one that does not add the “load”.

Misusing the credit card
If you are planning to go abroad for your next vacation, then it would be best for you to get a credit card that does not have a foreign transaction fee. On the other hand, it doesn’t necessarily mean that you need to get a new card for just ensuring that your current credit card does not have foreign transaction fees would be enough. Of course, it is also important to ensure that your credit card is accepted to the country where you would be having your vacation at in case you got short on cash.

Exceeding the limit of the credit card
There are certain cases where you can exceed your credit card limit like during emergencies but as much as possible, avoid doing so regardless of how tempting it may be. This is because if you have exceeded your credit card limit, then the tendency is that you would pay expensive fees and high rates that you surely cannot afford to miss. The best thing for you to do here is to stop spending if you have noticed that you are about to reach the limit. Believe me, you are actually doing yourself a favor by doing that.
Apart from the things that have been listed above, it would also be best for you to avoid taking out cash advances, especially with the fact that it comes with high interest rates. That way, you would not suffer financially after your most awaited vacation is over.