Issues with Using Credit Cards Internationally and Exchange Rate Information

Full Article at: ” Issues with Using Credit Cards Internationally and Exchange Rate Information “ Continuing on the theme of Common Questions About Traveling (to Mexico): There are a group of questions that come up on expat forums whose answers don’t change, but it can take a ½ hour of typing to really answer the question well. This article describes the ins-and-outs of changing money in Mexico and the USA, how to get reliable exchange rates, and how the credit card, bank debit cards, and ATM systems work.

Some “expat experts” proclaim:
~~ Using a credit card will always give you the worst exchange rates anywhere in the world. ~~
~~ Credit cards always give the best exchange rates. ~~
~~ ATMs are the only way to go! ~~
~~ Where did you find exchange rates? ~~
~~ None of us have enough money to ever get the published rate. ~~

At first glance, this combination of statements seem to conflict with each other, but there are few vagaries of banks, credit cards, and currency markets that might unravel these knots:

The exchange rates printed in newspapers and posted on good sites like xe.com are the floating …

* * * *
Read the Full Article at: ” Issues with Using Credit Cards Internationally and Exchange Rate Information “
* * * *
Feel free to copy while giving proper attribution: YucaLandia/Surviving Yucatan.
© Steven M. Fry

Read on, MacDuff.

Advertisements
This entry was posted in Uncategorized. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s