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. ~~

Article Under Construction….

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Feel free to copy while giving proper attribution: YucaLandia/Surviving Yucatan.
© Steven M. Fry

Read on, MacDuff.

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5 Responses to Issues with Using Credit Cards Internationally and Exchange Rate Information

  1. Pingback: Issues with Using Credit Cards Internationally and Exchange Rate Information | Surviving Yucatan

  2. Eric Chaffee says:

    The last few times we visited here, we were paying 2% or more to card companies on international transactions. This year I found a deal from Capital One that apparently rebates all atm charges and international charges (although we have only just started using this card, so we will wait to confirm). We are using Capital One as an online bank, and paying our bills online, from Yucatan.

    ~eric.

  3. Johan G Niel says:

    I have been waiting for this article to finish so I can link to it but I still get only the summary no matter which link I use???

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