- Feds Target Suspected Payday Loan Scams
- America’s 10 Best Cities to Live In
- Occupy Wipes Out Nearly $4 Million in Strangers’ Student Loan Debt
- The Most Counterfeited Products and 8 Ways to Avoid Purchasing Them
- 5 Reasons to Take a Company Buyout (And Why You Might Think Twice)
- The 10 Most Dangerous Jobs in the US
- Family Caregivers Pay a High Price for Taking Care of Loved Ones
- Are You an Employee or a Contractor? (In Other Words, Is Your Boss Ripping You Off?)
A Money Talks News reader recently wrote me with the following question…
Can you recommend a few cards that are good to have when vacationing overseas, to Europe specifically? Also, what about the microchip I’ve been reading about? Are European retailers/stores/restaurants only taking cards that have the microchip?
Any light you can shed on this would be welcome.
I travel a lot. And when I leave the country, there are three things that I look for in a credit card:
First, it should not have any foreign transaction fees. Many credit cards add a 3 percent surcharge onto any transaction processed outside the United States. This fee provides absolutely no value to the customer, and I do my best to avoid it. Fortunately, some cards aimed at travelers are now dropping this fee.
Next, I look for a card that offers a good set of perks and benefits. Features like travel delay insurance, lost luggage coverage, and emergency travel assistance can be valuable to those who travel frequently.
Finally, I need a card that has an embedded EMV (which stands for Europay, MasterCard, and Visa) chip, especially when I travel to Europe. This is the microchip that you referred to. You will not need this feature at most retailers, stores, and restaurants, but it is vital when purchasing train tickets at unattended kiosks. In fact, I have even seen it required at gas stations. To learn more about this, read Why Your Card Might Not Work in Europe.
So, which cards meet all of these requirements?
Finally, the BankAmericard Travel Rewards card meets these qualifications.
So before you go to Europe, make sure you have the best card for your travel needs.
And if you have a question about credit cards, feel free to drop me a line at Jason@MoneyTalksNews.com
Note: While we attempt to be completely objective when reporting on credit cards, this site may be compensated by issuers when a reader applies for a credit card through the links within credit card stories or on our credit card search page.